Overview of IFRS 18
At present, the IFRS 18 project is at the Exposure Draft stage. It is expected to be finalised and officially published in April 2024. The proposed IFRS 18 will set out requirements on presentation and disclosures in financial statements and will replace IAS 1 Presentation of Financial Statements.
All entities that apply IFRS Accounting Standards to prepare financial statements. However, the effect of these proposals will vary between entities.
