LATEST UPDATE

IFRS Foundation News Alert: IASB Issues Amendments to IFRS 19 to Complete Catch-up Work

The International Accounting Standards Board (IASB) has issued amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.

IFRS 19, issued in May 2024, allows eligible subsidiaries to apply IFRS Accounting Standards with reduced disclosures. It includes reduced disclosure requirements for other standards or amendments issued up to February 2021. The newly issued amendments to IFRS 19 help eligible subsidiaries by reducing disclosure requirements for standards and amendments issued between February 2021 and May 2024.

With these amendments, IFRS 19 reflects the changes to IFRS Accounting Standards that will take effect up to 1 January 2027, when IFRS 19 will be applicable.

In the future, IFRS 19 will be amended at the same time as other IFRS Accounting Standards are issued, or revised by the IASB.

The Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures is available online for IFRS Digital subscribers from the IFRS Accounting Standards Navigator, on:

https://www.ifrs.org/issued-standards/list-of-standards/

PDF copies are available to order from the Web Shop, on https://shop.ifrs.org/