Navigating the changes to IFRS 2026
Insights into IFRSWe have released the 2026 edition of our annual publication Navigating the Changes to IFRS, updated for the changes to IFRS Accounting Standards issued in 2025.
In 2024, the International Accounting Standards Board (IASB), issued a new Standard IFRS 18 ‘Presentation and Disclosures in Financial Statements’.
IFRS 18 replaces IAS 1 ‘Presentation of Financial Statements’ for annual reporting periods beginning on or after 1 January 2027.
Our ‘Insights into IFRS 18’ series explains the new requirements of IFRS 18, highlighting some areas of the standard that we believe will be challenging to apply in practice. They also aim to help users of IFRS financial statements to understand how financial statements will change when applying the new Standard.
This article provides a comprehensive analysis of IFRS 18’s classification requirements, exception, and practical challenges. It builds on the high-level overview in our ‘Get ready for IFRS 18’ publication and goes deeper into application issues.
Chetan Hans
Partner – Head of CFO Advisory
Avinash Musti
Partner - Audit and Assurance
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