PRIMARY FINANCIAL STATEMENTS – BRIEFING ON THE REPLACEMENT TO IAS 1

The IASB is expected to issue a new IFRS Accounting Standard (expected to be IFRS 18) in the first half of 2024, which will significantly update the requirements for financial statement presentation. This new standard will introduce requirements for how the statement of profit or loss is presented, as well as introduce requirements for some entities to disclose ‘management performance measures’ in the financial statements