IFRS Publishes 2017 Annual Report
2017 was a good year for Financial Reporting. Alongside the first truly international accounting standard for insurance contracts (IFRS 17), the foundation has also made substantial progress in improving communication in financial reports, with more regulators requiring the use of the IFRS taxonomy.
Now, 144 different jurisdictions and 15 out of the 20 G20 economies require the use of IFRS standards. This includes over 27,000 domestic listed companies and 88 major stock exchanges using their standards for all things financial.