IASB publishes Amendment to IFRS 1 – Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters

The IASB issued a minor amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards.

The effective date of the amendment Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (Amendment to IFRS 1) is 1 July 2010, with earlier application permitted.

Please find the press release herewith attached.