IFRS 19 is the latest IFRS accounting standard issued in May 2024. It is a disclosure-only standard that will significantly benefit many organisations and increase the pace of the adoption of global financial reporting standards such as IFRS accounting standards.
IFRS 19 results from feedback on permitting certain subsidiaries that meet specific eligibility criteria to have reduced disclosure requirements. It will ensure that eligible subsidiaries provide information that is proportional to the information needs of the users of their financial statements.
