{"id":63998,"date":"2022-07-26T08:05:40","date_gmt":"2022-07-26T07:05:40","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=63998"},"modified":"2022-07-26T08:05:40","modified_gmt":"2022-07-26T07:05:40","slug":"the-international-financial-reporting-standards-foundation-is-failing-the-accountancy-profession-the-capital-markets-and-generations-to-come-with-its-sustainability-standards","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/07\/26\/the-international-financial-reporting-standards-foundation-is-failing-the-accountancy-profession-the-capital-markets-and-generations-to-come-with-its-sustainability-standards\/","title":{"rendered":"The International Financial Reporting Standards Foundation is failing the accountancy profession, the capital markets and generations to come with its sustainability standards"},"content":{"rendered":"<p>The International Financial Reporting Standards Foundation <a href=\"https:\/\/www.ifrs.org\/projects\/work-plan\/general-sustainability-related-disclosures\/exposure-draft-and-comment-letters\/#consultation\" target=\"_blank\" rel=\"noopener noreferrer\">is consulting on the first two sustainability standards<\/a> issued by the new International Sustainability Standards Board. The deadline is Friday this week.<\/p>\n<p>I made this submission yesterday:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-63999\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-07.59.46-550x843.png\" alt=\"\" width=\"550\" height=\"843\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-07.59.46-550x843.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-07.59.46-196x300.png 196w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-07.59.46-768x1177.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-07.59.46-1002x1536.png 1002w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-07.59.46-1337x2048.png 1337w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-07.59.46-261x400.png 261w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-07.59.46.png 1398w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-64000\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.02-550x822.png\" alt=\"\" width=\"550\" height=\"822\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.02-550x822.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.02-201x300.png 201w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.02-768x1147.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.02-1028x1536.png 1028w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.02-1371x2048.png 1371w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.02-268x400.png 268w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.02.png 1430w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-64001\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.31-550x420.png\" alt=\"\" width=\"550\" height=\"420\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.31-550x420.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.31-392x300.png 392w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.31-768x587.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.31-523x400.png 523w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-26-at-08.00.31.png 1418w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>The <a href=\"https:\/\/www.ifrs.org\/content\/dam\/ifrs\/project\/general-sustainability-related-disclosures\/exposure-draft-comment-letters\/r\/richard-murphy-baaaa175-13bd-4f11-b491-e66192880e99\/gen-req-richard-murphy.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">full version is here<\/a>, from their website.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Financial Reporting Standards Foundation is consulting on the first two sustainability standards issued by the new International Sustainability Standards Board. The deadline is<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/07\/26\/the-international-financial-reporting-standards-foundation-is-failing-the-accountancy-profession-the-capital-markets-and-generations-to-come-with-its-sustainability-standards\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,26,176,108,16,178],"tags":[],"class_list":["post-63998","post","type-post","status-publish","format-standard","hentry","category-accountancy","category-accounting","category-corporate-accountability-network","category-environment","category-ethics","category-sustainable-cost-accounting"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/63998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=63998"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/63998\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=63998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=63998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=63998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}