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Sunday 31 July 2016

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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: Deletion of 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.