Proposed Standards on General Sustainability-related Disclosures and Climate-related Disclosures

IFRS Accounting Standards has been widely accepted by the jurisdictions in ASEAN and the Asian and Oceanian, with variation in the level of adoption and implementation. This would not have been possible without the continuing contribution of Professional Accountancy Organisations, standard-setters, regulators, and other stakeholders in the jurisdictions.

The ISSB has launched a consultation on its first two proposed standards: one sets out general sustainability-related disclosure requirements and the other specifies climate-related disclosure requirements. With a deadline of July 29, 2022 (120-day consultation period), stakeholders are expected to share their feedbacks on the drafts for the Board’s further consideration.

AFA as the regional body for Professional Accountancy Organisations of the ten ASEAN member states together with the Asian-Oceanian Standard-Setters Group (AOSSG), a grouping of 27 Accounting Standard-Setters in the Asian-Oceanian region are organising a regional outreach for the ISSB on its proposed disclosure standards. The webinar will provide a platform for stakeholders in the region to engage with the ISSB and share their preliminary thoughts on the standards.

Welcoming remarks:
• Voravit Janthanakul (President, AFA).
• Nishan Fernando (Chair, AOSSG).
• Emmanuel Faber (Chair, ISSB).

Presentation by:
• Sue Llyod (Vice-Chair, ISSB).
• Tim Kasim (Technical Staff, IFRS Foundation)

Moderated by:
• Eugene Wong (CEO, Sustainable Finance Institute Asia Limited)

Hosted by:
• Aucky Pratama (Executive Director, AFA).

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