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IFRS Alerts
IFRS IFRS Alerts
IFRS Alerts covering the latest changes published by the International Accounting Standards Board (IASB).
36 min read |
Werner Leiter is "Due Diligence Advisor of the Year" 2023
WE HAVE BEEN AWARDED! Werner Leiter is "Due Diligence Advisor of the Year" 2023
The international Finance Monthly Awards are being presented for the 14th time. The awards honor well-managed financial firms that demonstrate strong returns, innovation, sustainability, and inspiration.
Less than a minute |
European sustainability standards for SMEs
Blog.Sustainability European sustainability standards for SMEs
EFRAG has released drafts for two sustainability reporting standards for SMEs for public consultation (ESRS LSME and ESRS VSME). This provides clarity on the extent to which large companies can demand sustainability information from SMEs, as ESRS LSME sets the upper limit for capital market-oriented SMEs. Conversely, the voluntary standard for non-capital market-oriented SMEs aims to support the standardization of sustainability data to respond to enquiries from business partners.
4 min read |
Digital sustainability reporting with the ESRS XBRL taxonomy
Blog.Sustainability Digital sustainability reporting with the ESRS XBRL taxonomy
EFRAG has adopted the draft of the ESRS XBRL taxonomy for digital tagging of sustainability reports. In future, companies subject to the CSRD will have to disclose their reports in this electronic format. This will make sustainability information more easily accessible and increase transparency.
4 min read |
Federal Fiscal Court: New court decision on violations of the limitation of deductions of manager salaries
Blog.Tax Federal Fiscal Court: New court decision on violations of the limitation of deductions of manager salaries
The BFG („Bundesfinanzgericht“) has commented on questions relating to violations of the limitation of deductions pursuant to § 20 para. 1 no. 7 Income Tax Act (“EStG”) on "manager salaries" and established criteria for culpability in the event of non-compliance with this limitation.
Erich Schaffer
| 2 min read |
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