Insights

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Find out what's changing in IFRS 18, the new standard for presentation and disclosure in financial statements

Check out details of the 'Annual Improvements to IFRS Accounting Standards - Volume 11' published by the IASB

IFRS 19 'Subsidiaries without Public Accountability Disclosures' creates a reduced set of disclosures that certain entities within the scope can choose to apply. The new standard is effective from annual reporting periods beginning on or after January 1, 2027.

The International Accounting Standards Board (IASB) has issued amendments to IFRS 16 ‘Leases’, adding requirements for accounting for a sale and leaseback after the date of the transaction

As far back as twenty years ago, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) changed the accounting of goodwill that still brings passionate debate to this day.

The International Financial Reporting Interpretations Committee (the IFRIC), a committee of the International Accounting Standards Board) received a request addressing how a customer should account for costs of configuring or customising a supplier’s application software in a Cloud Computing or Software as a Service (SaaS) arrangement.

IFRS 13 ‘Fair Value Measurement’ explains how to measure fair value by providing clear definitions and introducing a single set of requirements for almost all fair value measurements.

IASB issues Interest Rate Benchmark Reform Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)

Effective for financial years beginning on or after 1 January 2019, IFRIC 23 ‘Uncertainty Over Income Tax Treatments’ (‘the Interpretation’) requires entities to consider the potential for adverse tax determinations being made by taxing authorities while under a hypothetical tax review – and record a liability (and expense) where such a finding is considered “probable”.

Many entities will need to apply significant judgement and will be required to consider the impact of material uncertainties in assessing the entity’s ability to continue as a going concern.

IFRS articles