News
Dr. Abu-Ghazaleh: 2025 International Financial Reporting Standards Issued through Cooperation between IASCA and the IFRS Foundation
08-Sep-2026
AMMAN – HE Dr. Talal Abu-Ghazaleh, chairman of the International Arab Society of Certified Accountants (IASCA), announced that IASCA has issued the latest Arabic translated edition of the 2025 International Financial Reporting Standards (IFRS), in cooperation with the International Financial Reporting Standards (IFRS) Foundation.
This edition is the only official printed version of the consolidated text of the official pronouncements issued by the International Accounting Standards Board (IASB), as issued on January 1, 2025, and translated by the Saudi Organization for Chartered and Professional Accountants (SOCPA).
Dr. Abu-Ghazaleh noted that the edition includes new standards and amendments that will significantly change the way financial statements are presented and disclosed, including:
- IFRS 18 – Presentation and Disclosure in Financial Statements
- IFRS 19 – Subsidiaries without Public Accountability: Disclosures
- Translation to a Hyperinflationary Presentation Currency
- Amendments to IFRS Practice Statement 1 – Management Commentary
The following table and summaries provide further details on the new pronouncements and amendments:
New Amendments Issued as of January 1, 2026
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IFRS Practice Statement 1 Management Commentary
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June 2025
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June 23, 2025
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IFRS Practice Statement 1 Management Commentary
(issued Dec 2010)
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Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures
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August 2025
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January 1, 2027
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IFRS 19
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Disclosures about Uncertainties in the Financial Statements(a)
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November 2025
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IFRS 7, IFRS 18, IAS 1, IAS 8, IAS 36, IAS 37
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Translation to a Hyperinflationary Presentation
Currency
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November 2025
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January 1, 2027
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IFRS 19, IAS 21, IAS 29
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