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The International Accounting Standards Board (IASB) has published a webcast on implementing IFRS 19 Subsidiaries without Public Accountability: Disclosures. This webcast offers viewers an overview of this new Accounting Standard and its benefits for eligible subsidiaries as well as practical insights into its implementation.
The discussion is led by Michelle Sansom, Technical Director at the IASB, and it features perspectives from both Global Preparers Forum (GPF) and IASB members.
This new Accounting Standard will simplify reporting systems and processes for companies, reducing the costs of preparing eligible subsidiaries’ financial statements while maintaining the usefulness of those financial statements for their users.
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