This article provides a high-level overview of the new and revised IFRS® Accounting Standards effective for the December 2025 calendar year-end and subsequent accounting periods.
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 21 November 2025…
On 13 November 2025, the International Accounting Standards Board (IASB) issued 'Translation to a Hyperinflationary Presentation Currency (Amendments to IAS 21)'. The amendments are effective for annual periods…
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 30 September 2…
On 14 October 2025, the European Securities and Markets Authority (ESMA) announced the priority issues that the assessment of listed companies’ 2025 financial and sustainability statements will focus on.
On 9 July 2025, the Annual Improvements to IFRS Accounting Standards — Volume 11 were endorsed by the European Commission for use in the European Union. The EU’s effective date is the same as the IASB’s effec…
On 30 June 2025, the amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures titled Contracts Referencing Nature-dependent Electricity were endorsed by the European Commission…
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 21 August 2025…
On 23 June, the International Accounting Standards Board (IASB) issued a revised Practice Statement on management commentary to support improvements to management commentary and similar reports, including a g…