The Financial Supervisory Authority of Norway has launched a consultation on amendments to the regulation governing simplified application of international accounting standards. The proposals would permit entities to use the financial statement presentation formats under IFRS 18 Presentation and Disclosure in Financial Statements, following IFRS 18’s incorporation into Norwegian law in July 2026. The amendments would also update references to reflect IFRS 18’s replacement of IAS 1 Presentation of Financial Statements and revise the treatment of group contributions and related tax effects.
Source: 2026-09-29Norwegian Finanstilsynet
Financial Supervisory Authority of Norway launches consultation on simplified IFRS rules for IFRS 18 and group contributions
The Financial Supervisory Authority of Norway is consulting on changes to simplified IFRS rules. The proposals would allow use of IFRS 18 presentation formats, update references following IFRS 18’s replacement of IAS 1 and revise rules for group contributions and related tax effects.