IFRS1 January 2026

IFRS amendments effective from 1 January 2026

The 2026 required standards include changes to financial instruments, annual improvements and contracts referencing nature-dependent electricity.

Spot the changeRead the official development and its effective date.

Understand the impactIdentify affected transactions, reporting and decisions.

Take actionConvert the rule into a practical compliance plan.

Our practical view

What the development means

Classification and measurement amendments affect IFRS 9 and related IFRS 7 disclosures.
Annual Improvements—Volume 11 amend IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7.
Nature-dependent electricity amendments address relevant contracts and disclosure requirements.

Recommended actions

What to do now

Complete an applicability assessment before the 2026 year-end process.
Update accounting policies, financial instrument documentation and disclosure checklists.
Quantify transition effects and involve the auditor before closing material judgements.
Include entity-specific disclosures rather than generic statements of compliance.

Read the complete official publication

Always refer to the full source text and its effective-date and transitional provisions.

IFRS Foundation—changes in the 2026 required standards

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