2.13 COMPARATIVE INFORMATION
2.13.1 Complete Set of Financial Statements
IFRS 1 reaffirms the composition of a complete set of financial statements required by IAS 1.257 IAS 1 specifically identifies each statement within a complete set of financial statements. They include the statement of financial position, the statement of comprehensive income, i.e., under the 2011 Amendments to IAS 1, the statement of profit or loss and other comprehensive income (or an income statement and a statement of comprehensive income – see Paragraph 4.2.2), the statement of changes in equity, the statement of cash flows, and the notes.258
The U.S. Concepts follow the approach of defining the content that a full set of financial statements must represent rather than prescribing specific statements.