IASB to issue two new standards in 2024
27 Jul 2023
During this week's meeting, the IASB concluded its technical decision-making on two of its projects and decided to issue two new standards next year.
The first new standard will result from the primary financial statements project and will supersede IAS 1 Presentation of Financial Statements. The second new standard will result from the project on subsidiaries without public accountability and is intended to reduce disclosure requirements for subsidiaries that are not traded on a public market.
The IASB expects to issue the new standards in the first half of 2024 and the effective date of both new standards will be for annual reporting periods beginning on or after 1 January 2027.
Please click to see the announcement on the IFRS Foundation website.
