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s sustainability reporting becomes a global imperative, the introduction of the International Financial Reporting Standards (IFRS) S1 and S2 marks a significant step toward standardised, transparent, and investor-relevant disclosures. IFRS S1 and S2 are built on frameworks such as Task Force on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB), aiming to provide a universal baseline for sustainability reporting.

IFRS for SMEs - IASB issues a major update in a third edition of this Accounting Standard

This publication is designed to give preparers and reviewers of IFRS financial statements a high-level awareness of recent changes to International Financial Reporting Standards.

The 2024 edition of the publication has been updated for changes to International Financial Reporting Standards (IFRS) that were published between 1 January 2023 and 31 December 2023. The publication now covers 31 March 2023, 30 June 2023, 30 September 2023, 31 December 2023 and 31 March 2024 financial year ends.

The new IFRS 16: Leases standard has been issued by the IASB. The core principle of the new standard is that lessees should recognise all leases on their balance sheet.