The revised Conceptual Framework for Financial Reporting was issued by the International Accounting Standards Board (IASB) in March 2018 and is effective immediately for the IASB and the IFRS Interpretations Committee. For companies that use the Conceptual Framework to develop accounting policies when no IFRS Accounting Standard applies to a particular transaction, the revised Conceptual Framework is effective for annual reporting periods beginning on or after 1 January 2020, with earlier application permitted.
The IASB supports the understanding and application of the Conceptual Framework in many ways. You can follow the links to read information about supporting activities.
