IASB publishes IFRS 18 Presentation and Disclosure in Financial Statements
IASB publishes IFRS 18 Presentation and Disclosure in Financial Statements
On 9 April 2024, the International Accounting Standards Board (IASB) published IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 will replace IAS 1 Presentation of Financial Statements as the primary source of requirements in IFRS Accounting Standards for financial statement presentation. IFRS 18 is the first new IFRS® Accounting Standard since IFRS 17 Insurance Contracts was published in May 2017.
IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027 with earlier application permitted. Entities will be required to restate comparative periods.
The IASB’s project page contains all published documents related to IFRS 18.
IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027 with earlier application permitted. Entities will be required to restate comparative periods.
The IASB’s project page contains all published documents related to IFRS 18.