Global Standards for the world economy

Friday 15 January 2021

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Disclosure Initiative

Amendments to IAS 1

 Amendments to IAS 1

The International Accounting Standards Board (IASB) completed the first step in its Disclosure Initiative with the publication of Disclosure Initiative (Amendments to IAS 1). The narrow-focus amendments to IAS 1 Presentation of Financial Statements clarify, rather than significantly change, existing IAS 1 requirements. In most cases the proposed amendments respond to overly prescriptive interpretations of the wording in IAS 1.

Project stages

Financial Reporting Disclosure Feedback Statement

Agenda Consultation 2011

Stage completed: March 2014
Stage completed: December 2014