New IFRS Standards
In April 2024, the International Accounting Standards Board (IASB) issued IFRS 18 – Presentation and Disclosure in Financial Statements. IFRS 18 replaces IAS 1 – Presentation of Financial Statements. IFRS 18 objective to improve how information is communicated in the financial statements, with a focus on information in the statement of profit or loss.
IFRS 18 can be accessed via the IFRS Standards Navigator. You need to be logged onto the SAICA website to access the IFRS Standards Navigator.
SAICA Events
New IFRS standard on Presentation and Disclosure in Financial Statements (IFRS 18)
Other Events
Workshop on Primary Financial Statements
IASB resources
News
No |
Title |
Date published |
1. |
New IFRS Accounting Standard will aid investor analysis of companies’ financial performance |
9 April 2024 |
Educational webcasts and webinars
No |
Document |
Date published |
1. |
Webcast: Overview of the forthcoming IFRS Accounting Standard – IFRS 18 |
5 February 2024 |
Educational materials
No |
Document |
Date published |
1. |
Video: IASB members introduce IFRS 18 in English, French, Japanese, Portuguese, Simplified Chinese and Spanish |
9 April 2024 |
2. |
IFRS 18 on one page https://www.ifrs.org/content/dam/ifrs/project/primary-financial-statements/ifrs-standard/ifrs18-one-page-april2024.pdf |
9 April 2024 |
3. |
Project Summary: IFRS 18 – Presentation and Disclosure in Financial Statements |
9 April 2024 |
4. |
Effects Analysis: IFRS 18 – Presentation and Disclosure in Financial Statements |
9 April 2024 |
5. |
Feedback Statement: IFRS 18 – Presentation and Disclosure in Financial Statements |
9 April 2024 |
6. |
Reference Material: IFRS 18 – Presentation and Disclosure in Financial Statements |
9 April 2024 |
During May 2024, The International Accounting Standard Board (IASB) issued a new IFRS Accounting Standard for subsidiaries. IFRS 19 – Subsidiaries without Public Accountability: Disclosures permits eligible subsidiaries to use IFRS Accounting Standards with reduced disclosures. Subsidiaries are eligible to apply IFRS 19 if they do not have public accountability and their parent company applies IFRS Accounting Standards in their consolidated financial statements.
IFRS 19 can be accessed via the IFRS Standards Navigator. You need to be logged onto the SAICA website to access the IFRS Standards Navigator.
SAICA Events
IFRS 19 – Subsidiaries without Public Accountability: Disclosures
- Main Link: https://vimeo.com/event/4301143
- Alternative Link: https://vimeo.com/event/4458683
IASB resources
News
No |
Title |
Date published |
1. |
9 May 2024 |
|
Educational webcasts and webinars
No |
Document |
Date published |
1. |
Webcast: Implementing IFRS 19 – Insights from Global Preparers and IASB members |
22 July 2024 |
Educational materials
No |
Document |
Date published |
1. |
9 May 2024 |
|
2. |
Effects Analysis: IFRS 19 Subsidiaries without Public Accountability: Disclosures |
9 May 2024 |
3. |
Project Summary and Feedback Statement: Disclosure Initiative —Subsidiaries without Public Accountability: Disclosures |
9 May 2024 |
4. |
Guidance for developing and drafting disclosure requirements in IFRS Accounting Standards |
9 May 2024 |
In May 2017, the International Accounting Standards Board (IASB) issued IFRS 17. IFRS 17 replaces the previous interim standard, IFRS 4 – Insurance Contracts and sets out principles for the recognition, measurement, presentation and disclosure of insurance contracts.