While no new major International Financial Reporting
Standards (IFRS®) have been issued so far in 2025, it is
important, as the year draws to a close, to reflect on the
standards issued in previous years that will become effective in
the imminent future.
IFRS 19 Subsidiaries without Public Accountability:
Disclosures
IFRS 19 was issued in May 2024, with an effective date of 01
January 2027. It is also part of the IFRS's Disclosure
Initiative projects, and its particular purpose is to reduce the
disclosure burden faced by entities that do not have public
accountability.
IFRS 19 is a voluntary standard that is available for
application by eligible subsidiary companies. A subsidiary is
eligible to apply the standard if:
