The ISSB will deliver a global baseline of sustainability disclosures to meet capital market needs.
On 25 September 2014, the International Accounting Standards Board issued Annual Improvements to IFRSs 2012–2014 Cycle. The revised standard has an effective date of 1 January 2016.
The amendments clarify the application of the guidance in IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. The guidance is applicable to the case of a change in a disposal plan from a plan to sell a division by means of an initial public offering to a plan to spin off a division and distribute a dividend in kind to its shareholders.
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