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Comment Online page Tentative Agenda Decision: Principal versus Agent: Software Reseller (IFRS 15 Revenue from Contracts with Customers)The Tentative Agenda Decision is open for comment until 14 January
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A review of IFRS (International Financial Reporting Standards) refers to the assessment and evaluation of financial statements prepared in accordance with IFRS regulations, ensuring compliance and accuracy.
Entities that are publicly accountable or those that are required to prepare financial statements in accordance with IFRS are generally required to file a review of IFRS.
To fill out a review of IFRS, entities should gather their financial statements, ensure compliance with IFRS requirements, provide necessary disclosures, and complete any required templates or forms as specified by regulatory authorities.
The purpose of a review of IFRS is to ensure that financial statements provide a true and fair view of the entity's financial position, performance, and cash flows, in compliance with the IFRS standards.
A review of IFRS must report information such as the entity's financial statements, notes to the financial statements, disclosures, and any significant accounting policies applied.
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