The International Accounting Standards Board (IASB) has released amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures, completing its scheduled updates to the Standard.

IFRS 19, which was introduced in May 2024, enables qualifying subsidiaries to adopt IFRS Accounting Standards with fewer disclosure requirements.

The initial version accounted for reduced disclosure obligations for other Standards or amendments that were in effect up to February 2021.

The newly issued amendments to IFRS 19 aim to further ease the disclosure burden for eligible subsidiaries by reducing requirements for Standards and amendments that were issued between February 2021 and May 2024.

The updates specifically address IFRS 18 Presentation and Disclosure in Financial Statements, Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7), International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12).

It also addresses Lack of Exchangeability (Amendments to IAS 21), and Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7).

These amendments ensure that IFRS 19 reflects the changes to IFRS Accounting Standards that will take effect by 1 January 2027, the date on which IFRS 19 will be applicable.

In future, IFRS 19 will be revised in conjunction with the IASB’s issuance or modification of other IFRS Accounting Standards.

Earlierin August 2025, IASB appointed Elena Poeschl as a new member of its Global Preparers Forum (GPF) for an initial five-year term.

Operating independently from the IASB and the IFRS Foundation, the GPF aimed to gather ongoing feedback from the global community of financial statement preparers.

The forum comprised members with significant practical expertise in financial reporting.