Call Us Today! +27(0) 12 003 3368|info@leafexcellenceinauditingforum.com
FacebookYouTubeLinkedInInstagramTiktok

IASB Issues Illustrative Examples on Reporting Uncertainties in Financial Statements

2025-12-09T13:32:29+02:00

LATEST UPDATE IASB Issues Illustrative Examples on Reporting Uncertainties in Financial Statements The International Accounting Standards Board (IASB) has issued illustrative examples demonstrating how companies may apply IFRS Accounting Standards when reporting the effects of uncertainties in their financial statements. The examples use climate-related scenarios as practical illustrations, but the underlying principles apply more broadly to all uncertainties. According to stakeholders, the information companies provide about the effects of uncertainties is sometimes insufficient, or appears inconsistent with the information provided outside their financial statements. To help address this, the IASB developed these illustrative examples to [...]

IASB Issues Illustrative Examples on Reporting Uncertainties in Financial Statements2025-12-09T13:32:29+02:00

IFRS 19: Subsidiaries without Public Accountability

2026-02-17T21:33:53+02:00

Understanding the new reduced-disclosure standard for eligible subsidiaries. Overview Many auditors and preparers are familiar with the burden subsidiaries face when preparing extensive financial disclosures — often duplicating information already reported at group level. IFRS 19, Subsidiaries without Public Accountability: Disclosures, introduces a transformative solution. This new standard allows eligible subsidiaries to apply a reduced set of disclosure requirements instead of the full disclosure demands of other IFRS Accounting Standards. The result: streamlined reporting, reduced workload, and improved efficiency — without compromising the usefulness of financial statements for stakeholders. Effective for annual reporting periods beginning [...]

IFRS 19: Subsidiaries without Public Accountability2026-02-17T21:33:53+02:00

IFRS 19: Subsidiaries without Public Accountability

2026-01-19T11:35:45+02:00

Understanding the new reduced-disclosure standard for eligible subsidiaries. Overview Many auditors and preparers are familiar with the burden subsidiaries face when preparing extensive financial disclosures — often duplicating information already reported at group level. IFRS 19, Subsidiaries without Public Accountability: Disclosures, introduces a transformative solution. This new standard allows eligible subsidiaries to apply a reduced set of disclosure requirements instead of the full disclosure demands of other IFRS Accounting Standards. The result: streamlined reporting, reduced workload, and improved efficiency — without compromising the usefulness of financial statements for stakeholders. Effective for annual reporting periods beginning [...]

IFRS 19: Subsidiaries without Public Accountability2026-01-19T11:35:45+02:00

Investments in Associates

2023-04-03T16:30:46+02:00

Investments in Associates When considering, during an audit, whether investments have been correctly accounted for, in terms of the relevant accounting framework, it is important to know whether the entity is required to compile consolidated financial statements. This can make a difference when determining whether the accounting policy applied for investments in associates is appropriate based on the accounting framework. IFRS for SMEs International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) Section 14, Investments in associates, indicates that its requirements apply to accounting for associates in consolidated financial statements, and in [...]

Investments in Associates2023-04-03T16:30:46+02:00

Leaf Quality Systems

  • Ground Floor Southdowns Ridge Office Park,
    Cnr John Vorster and Nellmapius Drive,
    Irene, Centurion, 0149, South Africa

  • Tel: +27 (0) 12 003 3368
  • info@leafexcellenceinauditingforum.com
  • Monday - Friday: 8:00 AM - 17:00 PM
Go to Top