Stay Ahead with Key Financial Reporting Updates: Ind AS, IFRS, and ISSB Insights – April 2025
In today’s fast-evolving regulatory landscape, staying informed on financial reporting standards is critical for businesses, auditors, and compliance professionals alike. The April 2025 edition of CNK & Associates LLP’s quarterly update highlights significant developments in Indian Accounting Standards (Ind AS), International Financial Reporting Standards (IFRS), and International Sustainability Standards Board (ISSB) regulations. This comprehensive summary offers key updates including enhanced guidance on audit practices, crucial compliance findings from the ICAI, updates on regulatory capital treatment under Ind AS 116, and a major IFRS update for SMEs. Additionally, the ISSB has introduced valuable tools and guidance to support global adoption of climate-related and sustainability disclosures.
Whether you’re a CFO, financial controller, or audit professional, this digest delivers actionable insights on accounting compliance, risk management, and ESG reporting readiness. Keywords to note: Ind AS 116, IFRS for SMEs, climate-related disclosures, ISSB roadmap, deferred tax audit, related party transactions, NFRA guidance.
