SHOW SECTIONS

 

On 25 January 2007 the International Accounting Standards Board (IASB) published for public comment proposals to provide further exemptions from the requirements of IFRSs when they are adopted for the first time.

The proposals were set out in an Exposure Draft of proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards.

The proposals respond to concerns about difficulties encountered by parent companies in measuring the cost of an investment in a subsidiary on adopting IFRSs.

The Exposure Draft was open for comment until 27 April 2007.

This website uses cookies. You can view which cookies are used by viewing the details in our privacy policy.