Exposure Draft and Comment letters
On 11 December 2013, the International Accounting Standards Board (IASB) published for public comment an Exposure Draft of five proposed amendments to four International Financial Reporting Standards (IFRSs) under its annual improvements project. The project provides a streamlined process for dealing efficiently with a collection of narrow-scope amendments to IFRSs.
The proposed amendments reflect issues discussed by the IASB in the project cycle that began in 2012.
These amendments meet the criteria for the annual improvements process set out in the IASB Due Process Handbook. 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 2016, although the IASB proposes that entities would be permitted to apply them earlier.
Proposed Amendments - Exposure Draft: Annual Improvements to IFRSs 2012-2014 Cycle
The Exposure Draft was updated on Monday 16 December 2013.
Comment letter deadline
The Exposure Draft is open for comments until 13 March 2014.
All comment letters should be submitted via the online upload page below. Please refrain from sending comment letters to IASB or IFRS Foundation individuals as this risks duplication and may cause delays in the posting of letters onto the ifrs.org website. Board and staff members have access to all comment letters submitted via the online upload page. You must be a registered eIFRS user to submit a comment letter. Registration is free, and you can register here (registration is free).
Submit a comment letter.
Please note: when submitting a comment letter or when communicating with the IFRS Foundation, the IASB or any of its constituent bodies, you acknowledge and accept the IFRS Foundation Written Communication policy which details how we use and process your data.
View the Comment letters.