IFRS Alert

IFRS Practice Statement 2: Making Materiality Judgements

The International Accounting Standards Board (IASB) has published guidance on how to make materiality judgements.

The Practice Statement encourages entities to apply judgement so that financial statements focus on the information that is useful to investors rather than trying to comply with an IFRS ‘checklist’.

If you would like to discuss any of the topics raised in the Alert please contact Theunis Schoeman.

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