Welcome to the website of the IFRS Foundation and the IASB

Wednesday 20 August 2014

Banner graphic

Project news


The Interpretations Committee recommended that the IASB should finalise the proposed amendment to IFRS 1

 15 May 2013


Having considered the comments received, the Interpretations Committee recommended that the IASB should finalise the proposed amendment to the Basis for Conclusions of IFRS 1 subject to some wording revisions. Specifically, the Interpretations Committee recommended that the proposed amendment should confirm that an entity has the choice between applying an old Standard that is still effective or applying a new one.

For more information, please click here.