18/02/26 (Agence Europe) –
The European Commission Regulation adopting the International Financial Reporting Standards (IFRS 18) into EU law was published on Monday 16 February in the Official Journal of the European Union. This new international standard modernises the presentation of financial statements to improve the readability and comparability of company performance for investors. In particular, it introduces new requirements for the presentation of the income statement, the transparency of performance indicators defined by management and the structuring of financial information. Its adoption entails technical adjustments to many existing IFRS standards and replaces the current ‘IAS 1’ (International Accounting Standard 1). Companies will have to apply these rules no later than for financial years beginning on or after 1 January 2027. See the legal act published in the Official Journal of the EU: https://aeur.eu/f/ksd (BD)
