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The IFRS Foundation has issued IFRS Alert 2025‑08, introducing new illustrative examples to help entities apply existing disclosure requirements related to uncertainties in financial statements. The publication provides practical insights to support transparent reporting, enhance consistency in application, and improve the quality of financial disclosures under IFRS Accounting Standards. This alert highlights key expectations for preparers, auditors, and stakeholders focusing on areas of estimation uncertainty, judgments, and risk‑sensitive disclosures.

Grant Thornton’s Women in Business 2026 insights focus on the critical role of gender equality, leadership visibility, and DE&I initiatives in driving mid‑market business performance.

Key highlights of Botswana Budget 2026/27 The Botswana Budget 2026/27 delivers a clear message: fiscal discipline, bold reforms, and future‑focused action. Your budget. Your insight. Your future. We’ve unpacked the key highlights so you stay informed, empowered, and future‑ready.

Grant Thornton’s publication “Navigating the Changes to IFRS 2026” provides a comprehensive and practical overview of all IFRS Accounting Standard changes issued between 1 January 2025 and 31 December 2025. It outlines new standards, amendments to existing IFRS requirements, interpretations, and effective dates relevant to 2025–2026 year‑ends. The guide includes commercial impact assessments, early‑adoption considerations, and disclosure requirements under IAS 8, making it a valuable resource for financial statement preparers, auditors, and accounting professionals.

ISSB amendments to IFRS S2 introduce targeted reliefs to greenhouse gas emissions disclosures, including Scope 3 financed emissions, jurisdictional measurement requirements, and industry classification flexibility, effective from 1 January 2027.

Botswana has expanded its VAT regime through the 2025 Amendment Act, now taxing remote services such as digital content, cloud services, and inbound tourism products. The Act also mandates electronic fiscal devices for VAT-registered businesses and introduces compliance requirements for non-resident suppliers and electronic marketplaces. Businesses must prepare for reverse charge obligations, registration thresholds, and fiscal invoicing to ensure compliance.

IFRS Example Consolidated Financial Statements 2025 Comprehensive guide illustrating IFRS-compliant consolidated financial statements for Illustrative Corporation Group as of 31 Dec 2025. Covers profit or loss, OCI, financial position, equity changes, cash flows, and detailed notes on accounting policies, climate-related disclosures, economic uncertainty, segment reporting, revenue recognition, financial instruments, and risk management. Includes updates on new standards (IFRS 18, IFRS 19), sustainability reporting, impairment testing, acquisitions/disposals, and liquidity monitoring. Designed to support consistent internal and external reporting with emphasis on materiality, transparency, and entity-specific application.

Through this report, Grant Thornton presents details and trends of the local M&A activity based on deals announced and published by the Competition and Consumer Authority (CCA) between 2021 and first half of 2025 (H1) (“period under review”). In the case of cross-border deals, the CCA only reports in-bound transactions, i.e. a transaction in which a foreign company merges with or acquires a Botswana company.

Finance transformation refers to the tactical initiatives that help inform the finance function by assessing and improving its strategy, vision, people, processes and systems to better align with the organisation’s overall strategy.

Corporate forensics serves as a strategic connector, linking ethical leadership, internal oversight, and operational processes. Its value is not limited to early detection and prevention of fraud before reputational and / or financial damage occurs. It enhances legal and regulatory compliance (e.g. anti-money laundering, anti-bribery, sanctions), demonstrates commitment to ethical conduct and transparency, strengthens internal controls through forensic audit techniques and preserves digital evidence for litigation and regulatory action.

s sustainability reporting becomes a global imperative, the introduction of the International Financial Reporting Standards (IFRS) S1 and S2 marks a significant step toward standardised, transparent, and investor-relevant disclosures. IFRS S1 and S2 are built on frameworks such as Task Force on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB), aiming to provide a universal baseline for sustainability reporting.

The International Accounting Standards Board (IASB) has issued a revised ‘Practice Statement 1 Management Commentary’ (the Practice Statement). The objective of the revision is to provide a global benchmark for the preparation of management commentary accompanying financial statements including sustainability-related financial disclosures. The Practice Statement achieves this by adopting an objectives-based framework, focusing on what investors need to enable them to assess an entity’s ability to create value and generate cash flows over time. The Practice Statement is non-mandatory but designed to be used alongside IFRS Accounting Standards and IFRS Sustainability Disclosure Standards.

The preparation of financial statements in accordance with International Financial Reporting Standards (‘IFRS’) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (‘IASB’) with the potential to significantly impact the presentation of a complete set of financial statements and 2024 is no different.

IFRS for SMEs - IASB issues a major update in a third edition of this Accounting Standard

As organisations approach the end of their strategy period or decide to review their existing strategy, it is time to reflect on the journey - evaluating the successes, the challenges, and the lasting impact. While some goals may have been achieved, others might have remained out of reach.

Identify and resolve tax risks before they escalate into costly and time-consuming investigations, penalties and reputational damage.