RULES change. They adapt to evolving circumstances, reshaping themselves in response to new challenges and realities. Change necessitates adaptation and through adaptation, rules evolve to remain relevant and effective.
Rules under the International Financial Reporting Standards continue to change, aiming to enhance reliability and faithful representation of financial information.As we close 2024, we prepare financial reports in compliance with the accounting standards effective for the reporting period. Simultaneously, we plan for and assess the financial impact of standards issued but not yet effective as of Dec. 31, 2024.
– IFRS 7: Financial Instruments: Disclosures aligns the disclosure requirements with IFRS 9 for financial instruments with ESG-linked features.– IFRS 9: Financial Instruments resolves classification inconsistencies and clarifies the treatment of fees for financial liability modifications, promoting greater consistency and accuracy in its application.
IFRS Rules For January 2025 And Beyond
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