On August 16, 2024, the 18th Meeting of the Glenif (Latin American Group of Financial Reporting Standards Issuers) Board of Directors was held. During this important meeting, the creation of three new Technical Working Groups (GTT) was discussed, which will focus on key areas for the development and adaptation of financial standards in the region.
GTT 118 will address “Traducción a una Moneda de Presentación Hiperinflacionaria”. GTT 119 will deal with “Modificaciones a la NIIF 19 Subsidiarias sin obligación pública de rendir cuentas – Información a revelar”. Finally, GTT 120 will focus on “Incertidumbres relacionadas con el clima y otras incertidumbres en los estados financieros”.
In addition to discussing these new working groups, the Coordinators presented their respective work plans, outliningthe strategies and goals that will guide these teams’ activities in the coming months.
This meeting reflects Glenif’s ongoing commitment to improving and adapting financial reporting standards to address the specific challenges and needs of the Latin American region.
