IFRS 18: A New Era in Financial Statement Presentation and Disclosure
The International Accounting Standards Board (IASB) has introduced a groundbreaking standard aimed at enhancing the clarity and comparability of financial statements. On April 9, 2024, the IASB completed its work on IFRS 18, “Presentation and Disclosure in Financial Statements,” which is set to revolutionize the way companies report their financial performance. This new standard is...