Understanding IFRS 19: Subsidiaries Without Public Accountability
In a significant move for accounting standards, the International Accounting Standards Board (IASB) has released IFRS 19, a new standard aimed at reducing disclosure requirements for subsidiaries without public accountability. Here’s what you need to know. Key Takeaways: Eligibility and Application: Subsidiaries of a parent that prepares consolidated financial statements available for public use can […]
NEW STANDARD PUBLISHED IN APRIL 2024: IFRS 18 PRESENTATION AND DISCLOSURE IN FINANCIAL STATEMENTS
The International Accounting Standards Board (IASB) has recently released a new standard, IFRS 18, focusing on the presentation and disclosure requirements in financial statements. This standard aims to enhance transparency and comparability in financial reporting across different entities. IFRS 18 sets out guidelines for how entities should present and disclose information in their financial statements. […]
