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 [...]

LATEST UPDATE IAASB Publishes New Resources to Support ISSA 5000 Adoption and Implementation The IAASB has released two new resources to further support jurisdictions and stakeholders in adopting and implementing the International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements. Extracts from ISSA 5000 for Limited and Reasonable Assurance Engagements These extracts are designed to help regulators, standard setters, and other stakeholders to more easily identify the requirements and application material most relevant to their jurisdictional decisions. Frequently Asked Questions (FAQ) Document on ISAE 3000 (Revised) and ISAE 3410 The IAASB [...]