IASB publishes proposals for amendments under its annual improvements project

20 November 2012

The IASB published for public comment an Exposure Draft of proposed amendments to four IFRSs under its annual improvements project. The project provides a streamlined process for dealing efficiently with a collection of narrow scope amendments to IFRSs. Comments are requested by 18 February, 2013.

The proposed amendments reflect issues discussed by the IASB in the project cycle that began in 2011. These amendments meet the criteria for the annual improvements process set out in the 'Due Process Handbook for the IASB'. The criteria help in deciding whether a matter relating to the clarification or correction of IFRSs should be addressed using the annual improvements process.

The proposed effective date for the amendments is for annual periods beginning on or after 1 January, 2014, although entities are permitted to adopt them earlier.

Press release

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