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IFRS Practice Statement 1 Management Commentary (Revised)
In June 2025, the IASB issued IFRS Practice Statement 1 Management Commentary (the revised Practice Statement).
Management commentary is a form of general purpose financial report that provides information on the entity’s financial position and financial performance as reported in its financial statements. It also provides management’s insights into factors that could affect the entity’s ability to create value and generate future cash flows. It is prepared with the aim of enhancing the users’ understanding of an entity’s prospects.
The revised Practise Statement includes more extensive and comprehensive guidance on management commentary; it can be applied in conjunction with ISSB standards.