IFRS 18 | Presentation and Disclosure in the Financial Statements

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IFRS 18 | Presentation and Disclosure in the Financial Statements

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IFRS | Certification

Published on March 31, 2026

• 1 min read

Grant Thornton International Ltd has published the first article in its new Insights into IFRS 18 series, entitled A snapshot of IFRS 18’s key requirements.

In April 2024, the International Accounting Standards Board (IASB) issued the new accounting standard IFRS 18 Presentation and Disclosure in Financial Statements (IFRS 18). IFRS 18 is effective for periods beginning on or after January 1, 2027, with earlier application permitted, and will replace IAS 1 Presentation of Financial Statements, which had been applied for many years.

This new Insights into IFRS 18 series explains the new requirements of IFRS 18, highlighting some of the standard’s requirements that are challenging to apply in practice. It also aims to help users of IFRS financial statements understand how financial statements will evolve when the new standard will be applied.

This first article in the series provides a concise snapshot of the key requirements of IFRS 18, including an overview of challenges that could arise during its initial application.

IFRS Adviser Alert | Insights into IFRS 18: Presentation and Disclosure in the Financial Statements | March 2026

Download the document Adviser_Alert_IFRS_18_snapshot_key_requirements_FINAL_P

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