This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

IASB publishes 13 revised IAS

19 Dec 2003

The International Accounting Standards Board has published 13 revised International Accounting Standards reflecting changes resulting from the Improvements Project.

The revised standards mark the near-completion of the Improvements project. The completion of these improved standards brings the IASB closer to its commitment to have a platform of high quality, improved standards in place by the end of March 2004. The IASB has set itself this deadline to ease the implementation of its standards in the many countries, including those of the European Union, that will be adopting international standards from 2005.

The revised standards issued are:

  • IAS 1 Presentation of Financial Statements
  • IAS 2 Inventories
  • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
  • IAS 10 Events after the Balance Sheet Date
  • IAS 16 Property, Plant and Equipment
  • IAS 17 Leases
  • IAS 21 The Effects of Changes in Foreign Exchange Rates
  • IAS 24 Related Party Disclosures
  • IAS 27 Consolidated and Separate Financial Statements
  • IAS 28 Investments in Associates
  • IAS 31 Interests in Joint Ventures
  • IAS 33 Earnings per Share
  • IAS 40 Investment Property

The Board also withdrew IAS 15 Information Reflecting the Effects of Changing Prices.

Click here for IASB Press Release (PDF 39k).