Editorial Note

Related commentary and examples in Navigate IFRS Accounting

Issue date

IAS 1 Presentation of Financial Statements (2007) was originally issued in September 2007, effective from 1 January 2009. All effective amendments issued since that date are reflected in the text of the standard. Detailed editorial notes set out the history of major amendments, and prospective amendments not yet effective.

Key amendments

The standard incorporates the following amendments that are already effective:

Definition of Material (Amendments to IAS 1 and IAS 8) (October 2018), effective for annual reporting periods beginning on or after 1 January 2020;

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