AMMAN – HE Dr. Talal Abu-Ghazaleh, chairman of the International Arab Society of Certified Accountants (IASCA), announced that IASCA has issued the latest Arabic translated edition of the 2025 International Financial Reporting Standards (IFRS), in cooperation with the International Financial Reporting Standards (IFRS) Foundation.

This edition is the only official printed version of the consolidated text of the official pronouncements issued by the International Accounting Standards Board (IASB), as issued on January 1, 2025, and translated by the Saudi Organization for Chartered and Professional Accountants (SOCPA).

Dr. Abu-Ghazaleh noted that the edition includes new standards and amendments that will significantly change the way financial statements are presented and disclosed, including:

• IFRS 18 – Presentation and Disclosure in Financial Statements
• IFRS 19 – Subsidiaries without Public Accountability: Disclosures
• Translation to a Hyperinflationary Presentation Currency
• Amendments to IFRS Practice Statement 1 – Management Commentary

The following table and summaries provide further details on the new pronouncements and amendments:

New Amendments Issued as of January 1, 2026

 IASCA had previously signed a cooperation agreement with the IFRS Foundation in early 2019 for the reprinting, publication, and distribution of the International Financial Reporting Standards and the IFRS for Small and Medium-sized Entities (IFRS for SMEs). Under the agreement, the Society would distribute both publications throughout the Arab world, further strengthening more than 20 years of cooperation with the IFRS Foundation in serving the accounting profession and its professionals.