IFRSdel

IFRSdel is a term that emerged in discussions surrounding the International Financial Reporting Standards (IFRS) and potential modifications or interpretations of existing standards. It is not an official designation or a formal accounting standard itself. Instead, it is often used informally to describe a perceived tendency or action to remove, simplify, or reduce the scope of certain IFRS requirements.

The concept of IFRSdel might arise when stakeholders, such as preparers of financial statements or regulators, identify areas within IFRS that are perceived as overly complex, burdensome, or not providing significant value. This could lead to proposals for amendments to existing standards or the issuance of specific guidance that effectively de-emphasizes or removes certain aspects. The motivations behind such a perceived "deletion" can vary, including a desire for greater comparability, reduced implementation costs, or a focus on more material information.

Discussions related to IFRSdel often occur within the International Accounting Standards Board (IASB) or during consultations on proposed changes to IFRS. While the IASB's process is formal and involves rigorous due process, informal terms like IFRSdel can reflect the sentiment or outcomes of these deliberations. It's important to note that any changes to IFRS are formally communicated through exposure drafts and final pronouncements issued by the IASB, not through informal terminology.