IFRS Foundation Releases 2024 Annual Report, Reinforces Global Transparency and Innovation in Financial Reporting

IFRS Foundation Releases 2024 Annual Report, Reinforces Global Transparency and Innovation in Financial Reporting

By Ez-XBRL Team 4 April, 2025
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4 April 2025

The IFRS Foundation has officially published its 2024 Annual Report and Financial Statements, spotlighting a year of transformative progress in global financial and sustainability reporting.

The report highlights the Foundation’s growing global influence in promoting transparency, accountability, and operational efficiency across capital markets. It outlines key milestones that reflect its ongoing commitment to developing high-quality, globally accepted standards that serve investors and stakeholders alike.

Key Highlights from the 2024 Report:

Launch of IFRS 18 & IFRS 19
The introduction of IFRS 18 (Presentation and Disclosure in Financial Statements) and IFRS 19 (Subsidiaries without Public Accountability) marks a significant modernization of financial disclosures, enhancing clarity and comparability for users of financial statements.

Wider Adoption of ISSB Standards (IFRS S1 & S2)
Over 35 jurisdictions have now committed to implementing the ISSB’s sustainability disclosure standards—IFRS S1 and S2—signaling a pivotal shift towards globally aligned ESG reporting. These standards provide a comprehensive framework for climate and sustainability disclosures.

Strategic Review for Organizational Efficiency
The IFRS Foundation undertook a strategic review aimed at strengthening funding sustainability and optimizing operational structures. These efforts are designed to support the long-term delivery of investor-focused reporting standards.

Enhanced Stakeholder Engagement
Throughout 2024, the Foundation deepened engagement with regulators, preparers, investors, and other stakeholders to ensure that its standards remain relevant, practical, and effective across diverse markets.

Ez-XBRL: Your Partner in IFRS Reporting Compliance

As the global landscape of financial and sustainability reporting continues to evolve, Ez-XBRL remains a trusted partner for organizations seeking reliable, tech-driven solutions. From cloud-based ESG and IFRS reporting platforms to expert-managed XBRL services, Ez-XBRL empowers companies to stay compliant and future-ready in a rapidly changing regulatory environment.

To find out more details please visit : https://www.ifrs.org/

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