IFRS 19

Get ready for IFRS 19: Simplified financial reporting for eligible subsidiaries

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IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ creates a reduced set of disclosures that certain in-scope entities can elect to apply instead of the disclosure requirements set out in other IFRS Accounting Standards.

This article discusses the implementation of the disclosure requirements for subsidiaries that meet the criteria to be classified as ‘Subsidiaries without Public Accountability’. In this article we also summarize the practical applications of IFRS 19, with an illustrative analysis of the disclosures of five standards which indicate which disclosures are still required and which are not included in IFRS 19.  

Simplified financial reporting
Get ready for IFRS 19

Simplified financial reporting

This insight covers the disclosure requirements for subsidiaries without public accountability who report under IFRS.

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We hope you find the information in this article helpful in giving you some insight into IFRS 19. If you would like to discuss any of the points raised, please speak to your usual Doane Grant Thornton contact or contact your local office.