• IFRS IOSCO on New Standards

IFRS IOSCO on New Standards

19 January 2017

This bulletin indicates that they will be looking for more informative disclosure on the effects the new standards (IFRS 9, 15 and 16) will have. The JSE is a member of IOSCO, so when IOSCO give this emphasis the JSE will as well. The boiler plate “still being considered” will not do.

By definition the financial statements of companies with a PI score >350 are of interest to the public so perhaps IRBA will also be looking for this disclosure? Why not speak to our Audit Team to get more assistance.

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