New Standard IFRS 18: Here is what you need to know…
The next standard in the IFRS series is set to be released in April 2024 – IFRS 18 Presentation and Disclosure in Financial Statements.
IFRS 18 emanates from the IASB’s endeavours within the primary financial statements project. Its objective is to enhance the communication of information within financial statements, providing investors an improved foundation for analysing and benchmarking companies’ performance. This is achieved through bolstering comparability, transparency, and the overall usefulness of information.