IFRS

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

Sarah Carroll
By:
Sarah Carroll
14 Jul 20251 min read
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IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ (the Standard) 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 summarise 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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How we can help

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 Grant Thornton contact or visit www.grantthornton.global/locations to find your local member firm. 

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  • Sarah Carroll
    Sarah Carroll Sarah is a director of the global corporate reporting team specialising in promoting both sustainability reporting and the consistent application of International Financial Reporting Standards (IFRS). View Profile