IFRS 18 replacing IAS 1

IFRS 18 is a new accounting standard issued by the International Accounting Standards Board (IASB) in April 2024, replacing IAS 1 Presentation of Financial Statements. It becomes effective from 1 January 2027, with earlier adoption permitted. IFRS – New IFRS Accounting Standard will aid investor analysis of companies’ financial performance Key Improvements in IFRS 18