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23 November 2023
New webcast: Overview of forthcoming IFRS Accounting Standard for subsidiaries
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The International Accounting Standards Board (IASB) has produced a new webcast. It explains the requirements in the forthcoming reduced-disclosure IFRS Accounting Standard for subsidiaries of parent companies that apply IFRS Accounting Standards.
In the first of a series of webcasts about the new Accounting Standard, IASB technical staff member Jan Carlo Pereras gives an overview of the new Standard and explains why the IASB developed the new Standard, who are the subsidiaries eligible to apply the new Standard and the benefits it will bring to subsidiaries and their parent companies, as well as the users of financial statements.
The new Accounting Standard is expected to be issued in the first half of 2024, effective for annual reporting periods beginning on or after 1 January 2027 and early application is permitted. It is the culmination of the IASB’s Subsidiaries without Public Accountability: Disclosures project.
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Subsidiaries without Public Accountability: Disclosures
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