Written by: Barbora Choi on Mon Sep 01

IFRS 19 Subsidiaries without Public Accountability: Disclosures

IFRS 19 specifies the disclosure requirements an entity is permitted to apply instead of the disclosure requirements in other IFRS standards.

Accounting Standards in 15 seconds

"Accountability breeds response-ability."

The disclosure relief of IFRS 19 can be adopted by non-listed subsidiaries of an IFRS parent which do not hold assets in fiduciary capacity for others.

I went through 31 financial reports of some of the largest IFRS reporters based on the market cap to see how the "baby" IFRS 19 will be welcomed when entering the real world.

Curious about the results? Take a peak into Accounting Standards in 15 seconds⏩

opening quote by Stepehen Covey.