Accounting Standard AASB 2026-1 Amendments to Australian Accounting Standards – Disclosures about Uncertainties in the Financial Statements
Standards amended by AASB 2026-1Standards amended by AASB 2026-1
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Standards amended by AASB 2026-1
This Standard makes amendments to AASB 136 Impairment of Assets (August 2015) and AASB 137 Provisions, Contingent Liabilities and Contingent Assets (August 2015).
These amendments arise from the issuance of International Financial Reporting Standard Disclosures about Uncertainties in the Financial Statements (Amendments to Illustrative Examples on IFRS 7, IFRS 18, IAS 1, IAS 8, IAS 36 and IAS 37) by the International Accounting Standards Board (IASB) in November 2025, which introduced new illustrative examples for those Standards.
The examples added by the IASB to the Illustrative Examples accompanying IAS 36 Impairment of Assets and the Implementation Guidance accompanying IAS 37 Provisions, Contingent Liabilities and Contingent Assets are incorporated into the Illustrative Examples accompanying AASB 136 and the Implementation Guidance accompanying AASB 137 through this amending Standard. The remaining new examples (relating to IFRS 7, IFRS 18, IAS 1 and IAS 8) are not included in this amending Standard as the illustrative examples or implementation guidance accompanying those Standards has not been published with the corresponding AASB Standards. Instead, those examples are accessible to users of the AASB website in Australia on the IASB Support Materials page.