Understanding the New Standard Replacing IAS 1 On 9 April 2024, the IASB issued IFRS 18 – Presentation and Disclosure in Financial Statements in response to global demand for clearer, more comparable, and transparent performance reporting. This new standard, which replaces IAS 1, introduces substantial changes to the way financial statements are presented and disclosures are made. It enhances investor communication, introduces standardized performance measures, and requires careful consideration from both preparers and auditors. This training session will guide participants through the changes introduced by IFRS 18, highlight its practical impact on financial statements, and [...]