Practice Statements
These IFRS Practice Statements issued by the IASB relate to accounting standards that are part of the old Accounting Standards Framework. The IFRS Practice Statements have no legal status. A for-profit entity need not comply with the IFRS Practice Statements to be able to assert compliance with IFRSs.
The IFRS Practice Statement is a broad, non-binding framework for the presentation of narrative reporting to accompany financial statements prepared in accordance with IFRSs.
- Financial Reporting Strategy
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Accounting Standards
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Accounting Standards Framework
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Accounting Standards Board
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For-Profit Standards
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Not-for-Profit Standards
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Public sector Standards
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New Accounting Standards
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Archived standards
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Support and resources
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Incorporated societies
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Small charity reporting
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- Audit and Assurance Standards
- Climate-related Disclosures
- COVID-19 Reporting implications