Global Standards for the world economy

Saturday 05 December 2020

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IFRIC recommends a narrow-focus amendment to IAS 1

 13 November 2012

The Interpretations Committee received a request for clarification on IAS 1 Presentation of Financial Statements. This Standard requires that when management are aware of material uncertainties about the entity’s ability to continue as a going concern, those uncertainties shall be disclosed. The Interpretations Committee tentatively decided to deal only with two questions about this disclosure—when to disclose and what to disclose about these uncertainties.

Read the full Update.