IASB issues IFRS 19 Subsidiaries without Public Accountability: Disclosures

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IASB issues IFRS 19 Subsidiaries without Public Accountability: Disclosures
IssuesIFRS19
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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.

ON May 9, 2024, the International Accounting Standards Board issued

aims to resolve this by allowing subsidiaries to align their accounting policies with the group and maintain a single set of records. The single set of records will help to improve internal control environment and reduce costs of maintaining two separate financial records.The reporting simplification in

is a disclosure-only standard. An entity applying are specified in

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Issues IFRS 19 Subsidiaries Without Public Accountability: Disclosures

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