Annual improvements – comment period
The staff asked the Board about the comment period for the upcoming exposure draft on the 2009-2011 cycle of Improvements to IFRSs. The Board had previously agreed with a 90 day comment period consistent with previous issuance of annual improvements exposure drafts which are usually released in August.
The exposure draft is expected to be issued in June this year; however the 90 day comment period will coincide with the holiday season for the northern hemisphere. As such, the staff asked the Board to permit a 120 day comment period for this round with the intention of reverting back to a 90 day comment period for future annual improvement exposure drafts.
A majority of the Board agreed to permit a 120 day comment period for the forthcoming exposure draft.