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 [September 2023]
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 28 August 2023.
As of 26 September 2023, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:
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 IFRS 16 Lease Liability in a Sale and Leaseback (issued in September 2022)
- Amendments to IAS 1 Classification of Liabilities as Current or Non-Current and Classification of Liabilities as Current or Non-current — Deferral of Effective Date (issued in January 2020 and July 2020 respectively)
- Amendments to IAS 1 Non-current Liabilities with Covenants (issued in October 2022)
- Amendments to IAS 7 and IFRS 7 Supplier Finance Arrangements (issued in May 2023)
- Amendments to IAS 12 International Tax Reform — Pillar Two Model Rules (issued in May 2023)
- Amendments to IAS 21 Lack of Exchangeability (issued in August 2023)
