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A series of webcasts explaining the forthcoming IFRS Accounting Standard for Subsidiaries without Public Accountability is available below:

  • A preparer’s perspective
  • A regulator's perspective
  • Overview of the forthcoming IFRS Accounting Standard

A preparer’s perspective

Michael Stewart, Senior Expert of Financial Reporting at Huawei, and IASB technical staff member Özlem Arslan discuss the expected benefits of the new IFRS Accounting Standard for the eligible companies.

The new IFRS Accounting Standard is expected to be issued in May 2024.

A regulator's perspective

William Biese, Member of the Mexican Financial Reporting Standard Setting Board and IASB technical staff member, Özlem Arslan discuss the benefits and impact of the new Accounting Standard from a regulatory perspective.

Overview of the forthcoming IFRS Accounting Standard

IASB Technical Staff member Carlo Pereras explains the requirements in the forthcoming reduced-disclosure IFRS Accounting Standard for subsidiaries of parent companies that apply IFRS Accounting Standards.

This Accounting Standard aims to simplify and reduce cost of financial reporting, and is expected to be launched in the first-half of 2024.