Tag: Bongeka Nodada

During the Climate Change Conference (COP 26), the world witnessed the launch of the global sustainability standard-setter, the International Sustainability Standards Board (ISSB). To meet the demand from international stakeholders, the objective of the ISSB is to provide sustainability-related information that will enable investors to make better economic and investment decisions.

From 2022, the global financial reporting agenda is set to change. This change comes as the global standard-setter, the International Accounting Standards Board (IASB), is embarking on its third agenda consultation. Much like the changes which were brought about by the second agenda consultation, the new global financial reporting agenda may result in a significant impact on how some transactions are accounted for and thereby impacting companies in various ways.

From January 2018, the new revenue recognition requirements come into effect. The new revenue requirements may require additional investment to ensure compliance.