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The International Accounting Standards Board (IASB) has decided to proceed with seven illustrative examples that aim to improve the reporting of uncertainties in the financial statements. These examples use climate-related scenarios to illustrate principles that apply broadly to all types of uncertainties.
Responding to stakeholder feedback, the IASB developed these examples to address concerns about inconsistencies between information disclosed in the financial statements and in other reports. The examples demonstrate how IFRS Accounting Standards apply when reporting uncertainties in the financial statements.
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