Welcome to the website of the IFRS Foundation and the IASB

Saturday 01 November 2014

Banner graphic

First-time Adoption of International Financial Reporting Standards: Short term exemptions from IFRSs


 Proposed changes – Annual improvements (2014-2016)

IFRS 1 First-time Adoption of International Financial Reporting Standards: Short-term exemptions for first-time adopters

The objective of this project is to delete some of the short-term exemptions from IFRSs in Appendix E of IFRS 1, after those short-term exemptions have served their intended purpose.

Project stages

Deliberations

Expected completion date: Q3 2014