Financial Reporting Dossier

A. KEY GLOBAL UPDATES

1. IASB: ILLUSTRATIVE EXAMPLES ON REPORTING UNCERTAINTIES IN FINANCIAL STATEMENTS

On November 28, 2025, the International Accounting Standards Board, in response to stakeholders’ concerns about the equity of information in financial statements relating to climate-specific and other uncertainties, issued illustrative examples on reporting such uncertainties in the financial statements.

Reporting uncertainties in the financial statements involves the exercise of judgement in determining what needs to be disclosed. This highlights the need for guidance to ensure consistency and sufficiency of disclosures relating to such uncertainties.

The examples highlight the following:

•  Application of materiality for specific disclosures required by IFRS (Para 31 – IAS 1)
• Estimates used to measure recoverable amounts of cash-generating units containing goodwill or intangible assets with indefinite useful lives (Para 134 – IAS 36)
• Sources of estimation uncertainty (Para 125 – IAS 1)
• Credit Risk (Para 35A – IFRS 7)
• Indication of the uncertainties about the amount or timing of those outflows among other disclosures (Para 85 – IAS 37)
• Aggregatio
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