IASB to issue a new standard in 2024

  • IFRS - IASB Image

Jul 27, 2023

On July 27, 2023, the IASB concluded its technical decision-making on its primary financial statements project and decided to issue it next year.

The new standard will result from the primary financial statements project and will supersede IAS 1 Presentation of Financial Statements.

The IASB expects to issue this new standard in the first half of 2024=; it will be effective for annual reporting periods beginning on or after January 1, 2027.

Re­ad the announcement on the IFRS Foundation website.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.