IASB issues IFRS 19 Subsidiaries without Public Accountability: Disclosures

by Vanessa Grace S. Japson

May 15, 2024 12:23 am

ON May 9, 2024, the International Accounting Standards Board (IASB) issued IFRS 19 Subsidiaries without Public Accountability: Disclosures that allows eligible entities to apply reduced disclosure requirements of the new standard. The standard aims to simplify reporting systems and processes for eligible entities, reducing the costs of preparing financial statements while meeting the users' needs.

Where will the simplifications come from?

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