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IFRS 10 Transition Guidance

Exposure draft and comment letters [Dec 2011]


 Exposure draft and comment letters


On 20 December 2011 the International Accounting Standards Board (IASB) published for public comment proposed amendments to IFRS 10 Consolidated Financial Statements.

The objective of the proposed amendments is to clarify the transition guidance in IFRS 10 by confirming when an entity needs to apply IFRS 10 retrospectively. The proposals should allay the concerns of some who thought that the transition provisions were more burdensome than originally intended.

It is proposed that the effective date of the proposed amendments would be aligned with the effective date of IFRS 10.

Comment letters

The comment letter deadline is 21 March 2012, click here to read the comment letters.

Due process document
Exposure draft:  Transition Guidance (Proposed amendments to IFRS 10) [PDF]
Exposé-sondage: Dispositions transitoires (projet de modification d’IFRS 10) [French][PDF]

Related information

Click here to read the press release