Global Standards for the world economy

Thursday 30 March 2017

Banner graphic

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


 Completed work—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.

Project stages