LATEST UPDATE
IASB Issues Revised Practice Statement on Management Commentary
The International Accounting Standards Board (IASB) has issued a revised Practice Statement on management commentary. The revised Practice Statement supports improvements to, and greater global alignment with management commentary and narrative reports accompanying the financial statements.
A major overhaul of the Practice Statement was carried out to help improve the quality and focus of information provided to investors.
The aim of the revised Practice Statement is to serve as a global benchmark for regulators to use in updating, or developing their national requirements and guidance.
The revised IFRS Practice Statement 1 Management Commentary is available online as a PDF for IFRS digital subscribers on: www.ifrs.org/products-and-services/ifrs-digital/; or in the IFRS Foundation Shop on: https://shop.ifrs.org/product-detail?id=2226
• IFRS Practice Statement 1 Management Commentary, on: www.ifrs.org/premium/
• IFRS Practice Statement 1 Management Commentary – Basis for Conclusions, on: www.ifrs.org/premium/
• Project Summary and Feedback Statement, on: www.ifrs.org/content/dam/ifrs/project/management-commentary/practice-statement/projectsummary-mc-ps1.pdf
• Management Commentary – At a Glance, on: www.ifrs.org/content/dam/ifrs/project/management-commentary/practice-statement/mc-one-page.pdf
Read the ISSB Statement: Using ISSB Standards with the revised Management Commentary Practice Statement, on:
www.ifrs.org/news-and-events/news/2025/06/using-issb-standards-with-management-commentary/
