IFRS S1 and S2: A Global and Indian Perspective with Implications for Auditors
Authors
Department of Business Administration, Tezpur University, Assam (India)
Department of Business Administration, Tezpur University, Assam (India)
Article Information
DOI: 10.51244/IJRSI.2025.120800236
Subject Category: Business
Volume/Issue: 12/9 | Page No: 2676-2679
Publication Timeline
Submitted: 2025-09-15
Accepted: 2025-09-21
Published: 2025-09-27
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.
Keywords
IFRS S1, IFRS S2, global, Indian perspective, auditors.
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References
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