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- 2023 Issued Standard – IAS 34
The 2023 Issued Standards include all amendments issued up to and including 1 January 2023.
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Summary
IAS 34 prescribes the minimum content for an interim financial report and the principles for recognition and measurement in such reports. It does not, however, mandate which companies should publish an interim report, how frequently or how soon after the end of an interim period.
Condensed versions of the main financial statements are required within an interim report, along with selected explanatory notes. Guidance is given within the standard for the measurement of items such as revenues affected by seasonality and income taxes.
Current proposals
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ED/2019/7 General Presentation and Disclosures
ED/2019/7 General Presentation and Disclosures was issued in December 2019. This is the exposure draft of a proposed new standard that would replace IAS 1. The standard would carry forward most of the current requirements of IAS 1 and add supplementary requirements, including a requirement to disclose unusual items and management performance measures. Consequential amendments to IAS 34 would reflect this.
Recent amendments
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