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Friday 04 September 2015

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The IASB approved the due process steps undertaken

 17 December 2013


The IASB staff explained the due process steps undertaken by the IASB in completing the narrow-scope amendments to IAS 16 and IAS 38 on the ‘Clarification of Acceptable Methods of Depreciation and Amortisation’.

Agenda Paper 12B: Narrow-scope amendment: IAS 16 and IAS 38

Due process consideration


All IASB members agreed that:

  1. the amendments to IAS 16 and IAS 38 should be finalised without re-exposure;
  2. the effective date of the amendments should be 1 July 2015 and earlier application should be permitted; and
  3. the due process requirements to date have been complied with.

No IASB members indicated that they intend to dissent to the publication of the final amendments to IAS 16 and IAS 38.

Next steps

The IASB plans to publish the final amendments to IAS 16 and IAS 38 in Q1 2014.

Read the December IASB Update



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