Annual Improvements to IFRSs 2014–2016 Cycle Exposure Draft and Comment letters (ED/2015/10)
The IASB has a streamlined process for dealing efficiently with issues related to inconsistencies in the application of Standards and where there is a need to clarify the wording in a Standard. This entails combining a collection of proposed narrow-scope amendments into annual improvement cycles and exposing them for public comment collectively.
The IASB published the Exposure Draft Annual Improvements to IFRSs 2014-2016 Cycle on 19 November 2015. This covers proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 12 Disclosure of Interest in Other Entities and IAS 28 Investments in Associates and Joint Ventures.
The IASB is seeking comments on this Exposure Draft by 17 February 2016.
View the Comment Letters.