KPMG’s ISG recently released three publications in PDF format to help entities prepare financial statement disclosures under IFRS:
- Guide to Annual Financial Statements – Illustrative Disclosures provides a possible format for presenting annual financial statements prepared under IFRS, based on a fictitious multinational company;
- Guide to Annual Financial Statements – IFRS 12 Supplement provides additional disclosure examples and explanatory notes for IFRS 12, Disclosure of Interests in Other Entities; and
- Guide to Annual Financial Statements – Disclosure Checklist is a companion guide identifies required IFRS disclosures and highlights new requirements.
The Guides consider the effect of several new and revised IFRS, which are effective for the first time for entities that apply IFRS to an annual reporting period ending on or after January 1, 2014.