New era in financial statement presentation and disclosure

By Tonderai Washington Mabambe THE issuance of IFRS 18 – Presentation and Disclosure in Financial Statements by the International Accounting Standards Board (IASB) marks a significant and forward-looking development in international financial reporting.This new standard, which replaces the long-standing IAS 1 Presentation of Financial Statements, is designed to enhance the transparency, consistency, and comparability of…