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Current stage

At its February 2024 meeting, the International Accounting Standards Board (IASB) discussed the feedback on the Exposure Draft Annual Improvements to IFRS Accounting Standards—Volume 11. The IASB tentatively decided to finalise the proposed amendment with no changes.

IASB® Update February 2024

The IASB discussed feedback on its proposed amendments to IFRS 1 First-time adoption of International Financial Reporting Standards. The IASB had proposed to amend paragraphs B5–B6 of IFRS 1 to improve their consistency with the requirements in IFRS 9 Financial Instruments and to add cross-references to improve the accessibility and understandability of IFRS Accounting Standards.

The IASB tentatively decided to proceed with these proposed amendments.

All 14 IASB members agreed with this decision.

Next milestone

Final Amendment