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This article provides a high-level snapshot of the new requirements of IFRS 18.

This publication is designed to give preparers and reviewers of IFRS financial statements a high-level awareness of recent changes to International Financial Reporting Standards.

The IFRS Foundation has issued 'Disclosures about Uncertainties in the Financial Statements,' addressing practical application of the disclosure requirements in IFRS Accounting Standards.

The International Accounting Standards Board (IASB) has issued amendments to IAS 21 ‘The Effects of Changes in Foreign Exchange Rates’ to clarify how entities should translate financial statements from a non-hyperinflationary currency into a hyperinflationary one.

The IFRS Foundation has published 'Disclosures about Uncertainties in the Financial Statements Illustrated using Climate-related Examples,' addressing practical application of the disclosure requirements in IFRS Accounting Standards.

IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ (the Standard) creates a reduced set of disclosures that certain in-scope entities can elect to apply instead of the disclosure requirements set out in other IFRS Accounting Standards.

The International Accounting Standards Board (IASB) has issued a revised ‘Practice Statement 1 Management Commentary’ (the Practice Statement).

The 2025 edition of this publication has been updated for changes to International Financial Reporting Standards (IFRS) that have been published between 1 January 2024 and 31 December 2024.

Entities should begin preparing for IFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later.

According to data in the World Economic Outlook (WEO) report issued by the International Monetary Fund (IMF) in October 2024, and based on economic conditions that currently exist, certain countries are now considered to be hyperinflationary from 31 December 2024.

The International Accounting Standards Board (IASB) regularly publishes new International Financial Reporting Standards (IFRS), Interpretations of Standards (IFRIC) or amendments to existing IFRS Standards.

The International Accounting Standards Board (IASB) has issued amendments to IFRS 9 ‘Financial Instruments’ and some amendments have also been made to IFRS 7 ‘Financial Instruments: Disclosures’, following a post-implementation review (PIR) of IFRS 9.

The mid-market looks to international business opportunities for growth and expansion.

Following last month’s release of IFRS 18 ‘Presentation and Disclosure in Financial Statements’, the International Accounting Standards Board (IASB) has published another new standard – IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ (the Standard).

On 9 April 2024 the International Accounting Standards Board (IASB) published a new standard, its first since 2017.

The articles in our ‘Insights into IFRS 17’ series explain the key features of the Standard and provide insights into its application and impact.