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Sunday 31 August 2014

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Annual Improvements

Exposure Draft [Aug 2008]


Exposure Draft and Comment Letters


On 7 August 2008 the IASB published an Exposure Draft Improvements to IFRSs (Proposed amendments to International Financial Reporting Standards),the proposed amendments reflect issues discussed by the IASB in the project cycle that began last year.

The proposals range from guidance added to the Appendix of IAS 18 Revenue, on how to determine whether an entity is acting as a principal or as an agent, to changes of wording to clarify the meaning and remove unintended inconsistencies between IFRSs.

The exposure draft was open for comment until 7 November 2008, the comment period is now closed. 

Access the due process documents


Due process documents
Exposure Draft: Improvements to IFRSs [PDF]