The International Accounting Standards Board (IASB) has issued the following IFRS Practice Statements and Guides.
These publications provide
non-mandatory guidance. Entities applying IFRS® Standards, are not required to comply with these publications in order to state compliance with IFRS Standards.
Note, if your entity reports in accordance with NZ IFRS, you may be subject to other requirements or guidance on matters covered in these publications. You are still required to comply with all applicable laws and regulations.
Management Commentary |
Making Materiality Judgements |
Provides a broad, non-binding framework for presenting management commentary on financial statements that have been prepared in accordance with IFRS Standards.
Provides guidance and examples that help preparers in making materiality judgements.
The IASB issued illustrative examples demonstrating how Tier 1 and Tier 2 for-profit entities can apply IFRS Accounting Standards when reporting the effects of uncertainties in their financial statements. The examples are non-authoritative and are based on existing IFRS requirements. For more information click here.
Provides guidance on how to apply IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors in selecting and applying accounting policies for transactions, other events and conditions. Read the guidance here.
This page refers to the work of the International Accounting Standards Board (IASB) and uses registered trademarks of the IFRS Foundation (for example, IFRS® Standards, IFRIC® Interpretations and IASB® papers).
Last Updated:
