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IFRS S1 and S2: A Global and Indian Perspective with Implications for Auditors

Year: 2025

Type: article

Abstract: This article outlines the framework and purpose of IFRS S1/S2, contrasts them with India's BRSR framework, and examines how their implementation will impact auditors and financial reporting in Indian accounting (Ind AS). We determine that the ISSB standards establish a demanding benchmark for sustainability reporting, requiring auditing professionals to acquire new skills (such as carbon accounting and climate risk modeling) to verify this information.

Source: International journal of research and scientific innovation

DOI: 10.51244/ijrsi.2025.120800236

Authors: Kapileshwar Bhalla, Subhrangshu Sekhar Sarkar

Institution: Tezpur University

Language: English

Topic: Accounting and Financial Management

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W4414570494

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