Beyond the GAAP no.207 - February 2026
The European Union has also adopted IFRS 18 – Presentation and Disclosure in Financial Statements, which replaces IAS 1 and will be mandatory for financial periods commencing on or after 1 January 2027. ESMA (the European Securities and Markets Authority) encourages issuers to start thinking about transition as soon as possible, and draws their attention to the interaction between the concept of “management-defined performance measures” set out in IFRS 18 and ESMA’s existing guidelines on alternative performance measures (APMs).
IFRS highlights:
- IAS 28 exposure draft: clarifying eligibility for the fair value option.
- Targeted improvements to IAS 37.
- Amortised Cost Measurement project.
- Post-Implementation Review of IFRS 9 – Hedge Accounting begins.
- EU adopts new standard on presentation of financial statements, IFRS 18.
The disclosures presented are not exhaustive as the IASB publications and its advisory bodies but intend to emphasize the main highlights.
We hope that this Forvis Mazars Newsletter will be useful, according to the reality and needs of each one, and enables to alert readers to the topics mentioned.
