Editorial Reporting Trends & Solutions 2/2024

 

In our “Trends & Solutions” section, we take a closer look at the IFRS Amendments, i.e. the changes to be applied from the 2024 reporting period or future reporting periods. From the 2025 financial year on, the Corporate Sustainability Reporting Directive (CSRD) will oblige all other large companies in the user group to disclose comprehensive sustainability information in accordance with the new European Sustainability Reporting Standards (ESRS). In addition to this major challenge in terms of content, there is also the current legal uncertainty due to the pending adoption of the German CSRD Implementation Act. Find out in our CSRD Roadmap what consequences a delayed implementation would have, and which steps are of central importance on the way to audit-proof sustainability reporting. In 2024, the European Union adopted a comprehensive legislative package to combat money laundering and terrorist financing (EU AML legislative package), which we also present to you in detail.

 

In our “Reporting News” section, we have summarized other topics relevant for the coming year, including the impact of the new ISA [DE] 600, the audit priorities for enforcement, the IDW module announcement on sustainability reporting,the Digital Operational Resilience Act (DORA), software solutions for the closing process, working capital management​, the new IDW draft on the principles for the conduct of Business Valuations and more.