The ISG has published Illustrative financial statements. The purpose of this publication is to assist preparers in preparing, and auditors in auditing, financial statements in accordance with IFRS.This publication reflects IFRSs in issue at 1 September 2011 that are required to be applied by an entity with an annual period beginning on 1 January 2011 (‘currently effective’ requirements). IFRSs that are effective for annual periods beginning after 1 January 2011 (‘forthcoming’ requirements) have not been adopted early in preparing these illustrative financial statements.
However, example disclosures for the early adoption of certain new standards and amendments are included in the appendices to these illustrative financial statements
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