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الراي
Securities Authority Urges IFRS 18 Compliance
The Capital Markets Authority called on listed companies, authorized persons, and collective investment scheme managers to prepare for the implementation of the International Financial Reporting Standard (IFRS 18), which will replace IAS 1 starting from January 2027. The Authority emphasized that the new standard aims to improve the accuracy and transparency of financial information and represents a significant shift in the presentation of data and financial analysis, thereby enhancing investor protection and improving the quality of disclosures. Accordingly, the relevant entities are advised to conduct gap analyses, update technical systems, and develop capacities through all training means to ensure full readiness.
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