Financial Reporting

A closer look at IFRS 18

IFRS 18: Bringing greater clarity and consistency to financial performance reporting

IFRS 18 introduces a significant shift in financial reporting, aimed at improving transparency, comparability and consistency in how entities present financial performance, particularly in the statement of profit or loss. It requires clearer classification of income and expenses, enhanced disclosure of management-defined performance measures, and greater structure in financial statements to help users better understand underlying business performance.

For preparers, the changes will require revisiting presentation, systems and judgment frameworks, especially in how performance is communicated to stakeholders. While the standard enhances comparability for users, it also increases the need for discipline and consistency in defining and reporting financial metrics. To explore the full overview and practical implications, you can access the EY technical guide here.

EY Atlas

EY Atlas is EY’s global accounting and auditing research platform. It is a single online resource that allows users to search and access IFRS standards, technical guidance, EY publications (including International GAAP), and other financial reporting insights in one place.

EY Atlas enables management to efficiently resolve technical accounting queries, stay up to date with changes in IFRS, and access EY’s interpretive guidance and thought leadership. This supports more informed accounting judgments, improves the quality of financial reporting, and helps align positions with audit expectations, reducing the risk of late-stage adjustments.

Access to EY Atlas Client Edition is free of charge. Shoprite personnel can register directly via EY’s website by completing a short sign-up form. Once registered, users receive access through the My EY portal, where EY Atlas is available as a standard tool.

If you experience any difficulty in accessing EY Atlas, please reach out to Mandi Bezuidenhout.

Accessing EY Atlas

Initial registration

Navigate to the EY Atlas registration page: EY Atlas Client Edition | EY - Global
Select “Get started” and complete the online registration form.

Account activation

Upon registration, users will receive an email invitation to create or activate their My EY account and a follow-up email containing instructions to access EY Atlas.
Users should accept the My EY invitation and complete the account setup process.

Accessing EY Atlas

Once the account is activated, log in to the My EY portal: EY login – My EY
EY Atlas Client Edition will be available as a tile on the My EY homepage, providing direct access to the platform.

Users who already have a My EY account can request access by:

Logging into My EY
Navigating to the “Tools” section
Searching for “EY Atlas Client Edition”; and
Selecting “Request access”.