KPMG’s ISG recently released two publications in PDF format to help entities that prepare interim financial statements under IFRS to apply IAS 34, Interim Financial Reporting:
- Guide to Condensed Interim Financial Statements – Illustrative Disclosures illustrates one possible format for interim financial statements based on a fictitious multinational corporation that is involved in general business and applies IFRS, and includes example disclosures that may be required based on a specific set of facts and circumstances.
- Guide to Condensed Interim Financial Statements – Disclosure Checklist identifies required IFRS disclosures and highlights new requirements.
The Guides reflect IFRS that were issued as of March 15, 2016 and that are required to be applied by an entity that applies IFRS and has an annual period beginning on January 1, 2016. The Guides generally do not illustrate early adoption of IFRS that are effective for an annual period beginning after January 1, 2016.