The IFRS Foundation has published a specialized disclosure tracker to aid implementation of IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’, effective for annual periods beginning on or after 1 January 2027.
This new tool provides a structured comparison between the disclosure requirements mandated by IFRS 19 and those found within full IFRS Standards. Its primary function is to:
- Map Requirements: List all disclosures required under IFRS 19.
- Identify Counterparts: Match each IFRS 19 disclosure requirement with similar requirements stipulated in other IFRS Standards.
- Highlight Differences: Clearly mark disclosure requirements present in other IFRS Standards that do not have an equivalent in IFRS 19 with an “x”.
The tracker explicitly addresses situations where disclosure requirements are considered broadly equivalent between IFRS 19 and other standards but contain nuanced differences. A prime example cited is that IFRS 19 may not necessitate the presentation of comparative information in specific instances where the corresponding requirement in a full IFRS Standard does.
Recognizing the evolving nature of financial reporting standards, the IFRS Foundation has committed to maintaining the IFRS 19 Disclosure Tracker. It will be regularly updated to reflect any changes to disclosure requirements within other IFRS Standards and any consequential amendments made to IFRS 19 itself.
This tracker is designed to assist preparers, auditors, and regulators in understanding the scope of reduced disclosures available to eligible subsidiaries under IFRS 19 compared to the full suite of IFRS requirements, facilitating smoother application and compliance.
Source: IFRS Foundation, 13 December 2024.