IFRS Model Financial Statements for 2007

Deloitte has published model IFRS financial statements for the year ended December 31, 2007. The statements illustrate the application of presentation and disclosure requirements of International Financial Reporting Standards (IFRS) by an entity that is not a first-time adopter. They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative examples provided with a specific Standard. (Download IFRS Model Financial Statements for 2007.)