A concise overview of IFRS 18, outlining key presentation changes, new mandatory disclosures and transition requirements effective from 2027.
IFRS 18 introduces a new structure for financial statements, replacing IAS 1 and enhancing transparency in financial reporting. The standard, effective from 1 January 2027, adds new profit subtotals, clearer categories for income and expenses, and stricter disclosure requirements. Learn how your organization can prepare for IFRS 18 with insights from Grant Thornton.
Grant Thornton’s IFRS Example Consolidated Financial Statements 2025 offers practical guidance for preparing IFRS-compliant financial statements.
As Caribbean businesses rapidly adopt digital technologies like AI, blockchain, and cloud computing, cybersecurity has become a strategic priority. Organizations face growing threats, including phishing, ransomware, and data breaches, which can impact both operations and customer trust. Grant Thornton emphasizes a holistic approach that combines governance, privacy, technology, and human insight. Key practices for cyber-resilient organizations include understanding technology limits, establishing clear governance, embedding privacy and data protection, investing in employee training, and maintaining a tested incident response plan. Strengthening cybersecurity not only safeguards individual businesses but also reinforces regional economic resilience, trust, and sustainable growth in the Caribbean’s interconnected digital landscape.
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IFRS Alerts covering the latest changes published by the International Accounting Standards Board (IASB).
Although there are signs of an improving global economic outlook, mid-market firms are under no illusions about the difficulties ahead.
