The International Accounting Standards Board (IASB) has issued proposed amendments to four IFRSs for public comment.
The proposals forms part of the IASB’s annual improvements project, which aims to provide a streamlined process for dealing efficiently with a collection of amendments to IFRSs.
The proposals reflect issues discussed by the IASB in the project cycle that began in 2011, and meet the criteria for the annual improvements process set out in the Due Process Handbook for the IASB.
The amendments will come into effect for annual periods beginning on or after 1 January 2014, though bodies are permitted to adopt them earlier.
Deadline for comment on the proposals is18 February 2013.