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The future of IFRS

The future of IFRS

KPMG’s insights on the IASB’s Conceptual Framework and the future of financial reporting.

KPMG’s insights on the IASB’s Conceptual Framework and the future of financial reporting.

What does the future hold for IFRS?

With a great majority of countries now committed to IFRS and companies facing increasingly complex transactions, what does the future hold for IFRS?

The IASB’s 2015 Agenda Consultation sets out its vision for keeping IFRS fit for purpose, while the Board’s commitment to revising the Conceptual Framework for Financial Reporting – the IASB’s foundation for developing accounting standards – could have major consequences for IFRS in the future.

Our materials will keep you informed about the IASB’s proposals and the changes and challenges ahead.

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