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Press Releases

IASB proposes to clarify the transition guidance in IFRS 10

 20 December 2011


The International Accounting Standards Board (IASB) today published for public comment proposed amendments to IFRS 10 Consolidated Financial Statements.

The objective of the proposed amendments is to clarify the transition guidance in IFRS 10 by confirming when an entity needs to apply IFRS 10 retrospectively. The proposals should allay the concerns of some who thought that the transition provisions were more burdensome than originally intended.

It is proposed that the effective date of the proposed amendments would be aligned with the effective date of IFRS 10.

The exposure draft Transition Guidance (Proposed amendments to IFRS 10) is open for comment until 21 March 2012 and can be accessed via the ‘Comment on a Proposal’ section of the IFRS website.

Press enquiries

  • Mark Byatt, Director of Communications and External Affairs, IFRS Foundation
    Telephone: +44 (0)20 7246 6472

Technical enquiries


  • Michael Stewart, Director of Implementation Activities, IASB
    Telephone: +44 (0)20 7246 6922




Related information 

  • View  the proposed amendments to IFRS 10 Consolidated Financial Statements
  • Click here for a print friendly PDF of the press release
  • Click here to go to the project page