SECP issues notification of IFRS 14: SECP vide SRO 1480(I)/2019 (dated November 27, 2019) notified that the International Financial Reporting Standard (IFRS) 14 – Regulatory Deferral Accounts and any further revisions issued by the International Accounting Standards Board (IASB) shall be followed for the preparation of financial statements for the annual reporting periods beginning on or after July 1, 2019 by all classes of companies that are required by the Act to follow IFRS as notified by the Commission.

Posted in IFRS, SECP