IASB issues minor changes to IFRS Standards
9 December 2016
The IASB has issued several amendments to IFRS Standards and an Interpretation that clarifies the requirements in particular Standards. In particular:
– Annual Improvements to IFRS Standards 2014-2016 Cycle, that amend IFRS 1, IFRS 12 and IAS 28;
– IFRIC Interpretation 22 Foreign Currency Transactions and Advance Considerationan. It is effective 1 January 2018; and
– Amendments to IAS 40 Investment Property: Transfers of Investment Property, that are effective 1 January 2018.
For more information, please refer to the IASB wesbsite
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9 December 2016, 10:58