The International Accounting Standards Board (IASB) today issued amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures, completing its planned catch-up work on the Standard.
IFRS 19, issued in May 2024, allows eligible subsidiaries to apply IFRS Accounting Standards with reduced disclosures. It included reduced disclosure requirements for other Standards or amendments issued up to February 2021. The newly issued amendments to IFRS 19 help eligible subsidiaries by reducing disclosure requirements for Standards and amendments issued between February 2021 and May 2024, specifically:
- IFRS 18 Presentation and Disclosure in Financial Statements;
- Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7);
- International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12);
- Lack of Exchangeability (Amendments to IAS 21); and
- Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7).
With these amendments, IFRS 19 reflects the changes to IFRS Accounting Standards that take effect up to 1 January 2027, when IFRS 19 will be applicable.
In the future, IFRS 19 will be amended at the same time as the IASB issues or revises other IFRS Accounting Standards.
Access the amendments
The Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures is available online for IFRS Digital subscribers from the IFRS Accounting Standards Navigator. PDF copies will also be available to order from the Web Shop.
Followable tags
IFRS Accounting Standards development
IFRS Accounting Standards, Amendments and Interpretations
IFRS 19 Subsidiaries without Public Accountability Disclosures
