KPMG responses to consultations

Our comment letters and responses on draft proposals from standard setters

group meeting

When we respond to standard setters’ consultations, discussion papers or exposure drafts we also publish our responses here in full, in PDF format.

IASB Board | Exposure Draft — Climate-related and Other Uncertainties in the Financial Statements – Proposed Illustrative Examples (PDF 226 KB)

25 November 2024

 

IASB Board | Exposure Draft — Translation to a Hyperinflationary Presentation Currency – Proposed amendments to IAS® 21 (PDF 196 KB)

21 November 2024

 

IASB Board | Exposure Draft — Contracts for Renewable Electricity: Proposed amendments to IFRS 9 and IFRS 7 (PDF 278 KB)

6 August 2024

 

IASB Board | Exposure Draft — Addendum to the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard (PDF 170 KB)

29 July 2024

 

IASB Board | Exposure Draft Business Combinations — Disclosures, Goodwill and Impairment (PDF 280 KB)

11 July 2024

 

IAASB Board | Exposure Draft — Proposed ISA 240 (Revised) (PDF 443 KB)

5 June 2024

 

IAASB Board | Exposure Draft — Proposed narrow scope amendments to ISQMs, ISAs and ISRE 2400 (Revised) (PDF 299 KB)

8 April 2024

 

IASB Board | Exposure Draft — Financial Instruments with Characteristics of Equity – Proposed amendments to IAS 32, IFRS 7 and IAS 1 (PDF 404 KB)

28 March 2024

 

Global Reporting Initiative | Exposure Drafts — Climate Change and Energy (PDF 156 KB)

28 February 2024

 

IFRS Interpretations Committee | Tentative Agenda Decision — Disclosure of Revenues and Expenses for Reportable Segments (IFRS 8) (PDF 191 KB)

5 February 2024

 

EFRAG | Draft EFRAG — IG 1: Materiality assessment implementation guidance, IG 2: Value chain implementation guidance, IG 3: Detailed ESRS datapoints implementation guidance (PDF 200 KB)

2 February 2024

 

IFRS Interpretations Committee | Tentative Agenda Decision — Climate-related Commitments IAS 37 (PDF 148 KB)

1 February 2024

IAASB Board | Exposure Draft — Proposed International Standard on Sustainability Assurance 5000 General Requirements for Sustainability Assurance Engagements and Proposed Conforming and Consequential Amendments to Other IAASB Standards (PDF 561 KB)

 

IASB Board | Exposure Draft — Annual Improvements to IFRS Accounting Standards – Volume 11 (PDF 176KB)

1 December 2023

 

IASB Board | Request for Information — Post-implementation Review – IFRS 15 Revenue from Contracts with Customers (PDF 260KB)

26 October 2023

 

ISSB Board | Proposed IFRS Taxonomy — IFRS Sustainability Disclosure Taxonomy (PDF 161 KB)

3 October 2023

 

IASB Board | Request for Information —  Post-implementation Review of IFRS 9 Impairment (PDF 234 KB)

27 September 2023

 

ISSB Board | Request for Information — Consultation on Agenda Priorities (PDF 276 KB)

1 September 2023

 

IAASB Board | Exposure Draft — Proposed International Standard on Auditing 570 (Revised), Going Concern (PDF 396 KB)

23 August 2023

 

ISSB Board | Exposure Draft — Methodology for Enhancing the International Applicability of the SASB® Standards and SASB Standards Taxonomy Updates (PDF 208 KB)

9 August 2023

 

IVSC Board | Exposure Draft — IVS Exposure Draft for Consultation 2023 (PDF 325 KB)

28 July 2023

 

IASB Board | Exposure Draft —  Amendments to the Classification and Measurement of Financial Instruments – Proposed amendments to IFRS 9 and IFRS 7 (PDF 336 KB)

18 July 2023

 

IASB Board | Exposure Draft — International Tax Reform – Pillar Two Model Rules – Proposed amendments to the IFRS for SMEs Standard (PDF 186 KB)

10 July 2023

 

IAASB Board | Exposure Draft — Proposed Part 10, Audits of Group Financial Statements of the Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) (PDF 234 KB)

2 May 2023

 

IAASB Board | Exposure Draft — Proposed International Standard on Auditing 500 (Revised), Audit Evidence (PDF 397 KB)

24 April 2023

 

IAASB Board | Consultation Paper — The IAASB’s Proposed Strategy and Work Plan for 2024-2027 (PDF 280 KB)

11 April 2023

 

Greenhouse Gas Protocol | Survey on Need for GHG Protocol Corporate Standards and Guidance Updates (PDF 288 KB)

12 March 2023

 

IASB Board | Exposure Draft — International Tax Reform – Pillar Two Model Rules – Proposed amendments to IAS 12 Income Taxes (PDF 167 KB)

9 March 2023

 

IASB Board | Exposure Draft — Third edition of the IFRS for SMEs Accounting Standard (PDF 360 KB)

7 March 2023

IAASB Board | Exposure Draft — Proposed Narrow Scope Amendments to ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements, and ISA 260 (Revised), Communication with Those Charged with Governance, as a Result of the Revisions to the IESBA Code that Require a Firm to Publicly Disclose When a Firm Has Applied the Independence Requirements for Public Interest Entities (PIEs) (PDF 239 KB)

4 October 2022

 

IFRS Interpretations Committee | Tentative Agenda Decision — Multi-currency Groups of Insurance Contracts (IFRS 17 and IAS 21) (PDF 148KB)

19 August 2022

 

ISSB Board | Exposure Draft — S1 General Requirements for Disclosure of Sustainability-related Financial Information and Exposure Draft S2 Climate-related Disclosures (PDF 452KB)

29 July 2022

 

IASB Board | Tentative agenda decision — Lessor Forgiveness of Lease Payments (IFRS 9 and IFRS 16) (PDF 159 KB)

23 May 2022

 

IASB Board | Exposure Draft — Supplier Finance Arrangements, Proposed amendments to IAS 7 and IFRS 7  (PDF 240 KB)

29 March 2022

 

IASB Board | Exposure Draft — Non-current Liabilities with Covenants (Proposed amendments to IAS 1) (PDF 254 KB)

21 March 2022

 

IAASB Board | Exposure Draft — Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (PDF 429 KB)

31 January 2022

 

IASB Board | Exposure Draft — Subsidiaries without Public Accountability: Disclosures (PDF 302 KB)

31 January 2022

 

IASB Board | Request for Information — Post-implementation Review of IFRS 9 Classification and Measurement (PDF 242 KB)

28 January 2022

 

IASB Board | Exposure Draft — Disclosure Requirements in IFRS Standards — A Pilot Approach, Proposed amendments to IFRS 13 and IAS 19 (PDF 347 KB)

12 January 2022


IASB Board | Tentative agenda decision —  Demand Deposits with Restrictions on Use (IAS 7 Statement of Cash Flows) (PDF 213 KB)

24 November 2021

 

IASB Board | Tentative agenda decision — Cash Received via Electronic Transfer as Settlement for a Financial Asset (IFRS 9 Financial Instruments) (PDF 172 KB)

19 November 2021 

 

IASB Board | Exposure Draft — IFRS Practice Statement Management Commentary (PDF 199 KB)

18 November 2021

 

IASB Board | Request for Information on the Third Agenda Consultation (PDF 239 KB)

27 September 2021

 

IASB Board | Exposure Draft — Initial Application of IFRS 17 and IFRS 9 – Comparative Information (PDF 192 KB)

22 September 2021

 

IASB Board | Exposure draft — Lack of exchangeability (PDF 200 KB)

25 August 2021

 

IASB Board | Discussion paper — Business Combinations under Common Control (PDF 204 KB)

24 August 2021

 

IASB Board | Tentative agenda decision — TLTRO III Transactions (IFRS9 and IAS 20) (PDF 79 KB)

16 August 2021

 

IASB Board | Exposure draft — Regulatory Assets and Regulatory Liabilities (PDF 313 KB)

30 July 2021

 

IFRS Foundation | Exposure draft  —  Proposed Targeted Amendments to the IFRS Foundation Constitution (PDF 58 KB)

28 July 2021

 

IAASB | Exposure draft — Proposed Amendments to the IAASB’s International Standards (PDF 181 KB)

24 May 2021

 

IASB Board | Exposure draft — Request for information on the Post-implementation review of IFRS 10, IFRS 11, and IFRS 12 (PDF 166 KB)

7 May 2021

 

Accountancy Europe |  Publication — Fraud and Going Concern - Restoring Public Trust in the Financial Reporting Ecosystem: Recommendations to Strengthen the Financial Reporting Ecosystem (PDF 229 KB)

30 April 2021

 

IESBA | Exposure draft — Proposed Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code (PDF 225 KB)

30 April 2021

 

IVSC Board | Exposure draft — IVS 500 Financial Instruments (PDF 79 KB)

16 April 2021

 

IASB Board | Exposure draft  — Lease Liability in a Sale and Leaseback (PDF 62KB)

29 March 2021

 

IASB Board | Exposure draft  — COVID-19 Related rent conessions beyond 30 June 2021 (PDF 51 KB)

25 February 2021

 

IASB Board | Tentative agenda decision — Hedging Variability in Cash Flows Due to Real Interest Rate (IFRS 9) (PDF 49 KB)

12 February 2021

 

IASB Board | IFRIC Tentative agenda decision  — Classification of Debt with Covenants as Current or Non-current (IAS 1 Presentation of Financial Statements) (PDF 113 KB)

11 February 2021

 

IAASB | Discussion paper —  Fraud and going concern in an audit of financial statements (PDF 390 KB)

1 February 2021

IFRS Foundation | Consultation Paper on Sustainability Reporting (PDF 100 KB)

21 December 2020

 

SASB | Exposure draft – Conceptual Framework and Rules of Procedure (PDF 60KB)

18 December 2020

 

IASB Board | Discussion Paper DP/2020/1 — Disclosures, Goodwill and Impairment (PDF 182KB)

14 December 2020

 

IASB Board | IFRIC Tentative agenda decision — Sale and Leaseback of an asset in a single-asset entity (IFRS10 and IFRS 16) (PDF 47 KB)

20 November 2020

 

IASB Board | Request for information — Second Comprehensive Review of the IFRS for SMEs Standard (PDF 36 KB)

22 October 2020

 

IAASB | Exposure Draft — ISA 600 (Revised), Special Consideration: Audits of Group Financial Statements (Including the Work of Component Auditors) (PDF 56 KB)

2 October 2020

 

IASB Board | Exposure Draft ED/2019/7 — General Presentation and Disclosures (PDF 64 KB)

29 September 2020

 

ESMA | Consultation Paper — Draft guidelines on disclosure requirements under the prospectus regulation (PDF 99 KB)

25 September 2020

 

IAASB | Consultation Paper — Proposed Non-Authoritative Guidance: Extended External Reporting (EER) Assurance (PDF 104 KB)

13 July 2020

 

IESBA | Exposure Draft — Proposed Revisions to the Fee-related Provisions of the Code (PDF 81 KB)

4 June 2020

 

IESBA | Exposure Draft — Proposed Revisions to the Non-Assurance Services Provisions of the Code (PDF 103 KB)

4 June 2020

 

IASB Board | Exposure Draft ED/2020/3 — Classification of liabilities as current or non-current: Deferral of effective date – Proposed amendment to IAS 1 (PDF 84 KB)

3 June 2020

 

IASB Board | Exposure Draft ED/2020/1 — Interest Rate Benchmark Reform – Phase 2: Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 (PDF 128 KB)

21 May 2020

 

IASB Board | IFRIC Tentative agenda decision — Sale and Leaseback with Variable Payments (IFRS 16 Leases) (PDF 59 KB)

13 May 2020

 

IASB Board | Exposure Draft ED/2020/2 — COVID-19-Related Rent Concessions (PDF 85KB)

7 May 2020

 

IASB Board | IFRIC Tentative agenda decision — IAS 12 Income Taxes – Multiple Tax Consequences of Recovering an Asset (PDF 50 KB)

13 February 2020

IASB Board | Exposure Draft ED/2019/6 — Disclosure of Accounting Policies – Proposed amendments to IAS 1 and IFRS Practice Statement 2 (PDF 59 KB)

29 November 2019

 

IASB Board | IFRIC Tentative agenda decision —Translating a Hyperinflationary Foreign Operation (IAS 21 and IAS 29) (PDF 65 KB)

21 November 2019

 

IASB Board | Exposure Draft ED/2019/5 — Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Proposed amendments to IAS 12 (PDF 55 KB)

14 November 2019

 

IAASB | Discussion Paper — Audits of Less Complex Entities (PDF 842 KB)

8 October 2019

 

IASB Board | Exposure draft ED/2019/4 — Amendments to IFRS 17 (PDF  673 KB)

30 September 2019

 

IASB Board | Exposure Draft ED/2019/2 — Annual Improvements to IFRS Standards 2018-2020 (PDF 50 KB)

19 August 2019

 

IASB Board | IFRIC Tentative agenda decision — Lessee's Incremental Borrowing Rate (PDF 296 KB)

19 August 2019

 

IFRS Foundation | Proposed Amendments to the IFRS Foundation Due Process Handbook (PDF 93 KB)

29 July 2019

 

IAASB | Exposure Draft — Proposed International Standard on Quality Management 2, Engagement Quality Reviews (PDF 157 KB)

1 July 2019

 

IAASB | Proposed International Standard on Auditing (ISA) 220 (Revised), Quality Management for an Audit of Financial Statements (PDF 113 KB)

1 July 2019

 

IAASB | Proposed International Standard on Quality Management (PDF 162 KB)

1 July 2019

 

IESBA | Exposure Draft — Proposed Revisions to Part 4B of the Code to Reflect Terms and Concepts Used in ISAE 3000 (Revised) (PDF 49 KB)

25 June 2019

 

IAASB | Consultation Paper — Extended External Reporting (EER) Assurance (PDF 169 KB)

21 June 2019

 

IASB Board | Exposure Draft ED/2019/1 — Interest Rate Benchmark Reform (PDF 86 KB)

13 June 2019

 

IAASB | Proposed Strategy for 2020-2023 and Work Plan for 2020-2021 (PDF 134 KB)

31 May 2019

 

IASB Board | Exposure Draft ED/2018/2 — Onerous Contracts_Cost of Fulfilling a Contract (PDF 86 KB)

15 April 2019

 

IAASB | Proposed International Standard on Related Services 4400 (Revised), Agreed-Upon Procedures Engagements (PDF 173 KB)

20 March 2019

 

IASB Board | IFRIC Tentative agenda decision — Customer’s right to access the supplier’s software hosted on the cloud (IAS 38 Intangible assets) (PDF 170 KB)

7 February 2019

 

IASB Board | Discussion paper DP/2018/1 — Financial Instruments with Characteristics of Equity (PDF 818 KB)

9 January 2019