Sunday 23 October 2016
This project is considered for Annual Improvements to clarify the meaning of disclosure of information "elsewhere in the interim financial report"
The definition of the term "interim financial report" in paragraph 4 of IAS 34 is not sufficiently clear with respect to whether the "interim financial report" covers only the information reported under IFRS (meaning the IFRS interim financial statements) or more generally also includes management reports or other elements.
The Interpretations Committee tentatively decided to propose amendments to paragraph 16A of IAS 34, through Annual Improvements process which is expected to be included in the 2012-2014 cycle, to clarify the meaning of disclosure of information "elsewhere in the interim financial report" and to require the inclusion of a cross-reference from the interim financial statements to the location of this information.
IASB publishes proposals for amendments under its annual improvements project (Annual Improvements Cycle 2012-2014)
IFRS IC proposes amendments to paragraph 16A of IAS 34
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