Date-stamp loading
Version date: 9 April 2024 - onwards
    Version 1 of 1    

BC1

BC1 The International Accounting Standards Board (IASB) issued IFRS 18 Presentation and Disclosure in Financial Statements in 2024 to replace IAS 1 Presentation of Financial Statements. The IASB did not reconsider all aspects of IAS 1 when developing IFRS 18, but instead focused on the statement of profit or loss. Nonetheless, the IASB decided to retain a single IFRS Accounting Standard for requirements relating to presentation and disclosure. The IASB retained some paragraphs from IAS 1 in IFRS 18 and moved some paragraphs from IAS 1 to IAS 8 Basis of Preparation of Financial Statements [When issuing IFRS 18, the IASB revised the title of IAS 8 from Accounting Policies, Changes in Accounting Estimates and Errors to Basis of Preparation of Financial Statements.] and IFRS 7 Financial Instruments: Disclosures. The IASB updated the retained paragraphs to ensure consistency with the IASB's decisions on IFRS 18 and with the 2018 Conceptual Framework for Financial Reporting (Conceptual Frame

Comparing proposed amendment...