IASB issued new standard IFRS 18
On 9 April 2024, the International Accounting Standards Board (IASB) published its new standard IFRS 18 Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Sta…
IFRS EU endorsement process [April 2024]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 17 April 2024.
As of 24 April 2024, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:
New standards
- IFRS 18 Presentation and Disclosures in Financial Statements (issued in April 2024)
Amendments
- Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (issued in September 2014)
- Amendments to IAS 7 and IFRS 7 Supplier Finance Arrangements (issued in May 2023)
- Amendments to IAS 21 Lack of Exchangeability (issued in August 2023)
