Monday 22 December 2014
Required if request issued
All comment letters that the IASB has received on the ED were posted on the project webpages.
The comment letter analyses prepared by the staff were discussed by the Interpretations Committee on the basis of publicly available Agenda Papers in the meetings of the Interpretations Committee in:
Annual Improvements are, by definition, clarifying or correcting in nature, well-defined and sufficiently narrow in scope so that the consequences of the proposed changes have been considered.
The consequences of the proposed changes have been considered for each amendment as part of the IASB’s discussions, but because of the narrow scope and the expected limited consequences of the amendments, an Effect Analysis is not necessary.
This step will be met by this staff paper.
Analysis of the need to re-expose is included in the main body of this paper.
We expect to publish the final amendments in Q4 of 2013. Because Annual Improvements are, by definition, clarifying or correcting in nature, well-defined and sufficiently narrow in scope, we think that an effective date of 1 July 2014 gives:
The Translations team will review the pre-ballot draft.
The XBRL team will review the pre-ballot draft.
The Editorial team has reviewed the draft amendments in the staff papers on the issues that have been presented at Interpretations Committee meetings or IASB meetings.
The Editorial team will review the drafts during the ballot process.
We will perform an editorial review of the pre-ballot draft with external parties.
A press release will be published with the final amendments and made available to the DPOC together with a summary of the media coverage.
A Feedback Statement is not needed because Annual Improvements are, by definition, clarifying or correcting in nature, well-defined and sufficiently narrow in scope.
Final amendments will be made available on eIFRS on publication date. The DPOC will be informed of the official release.
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