IASB publishes further editorial corrections

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05 Mar 2013

The International Accounting Standards Board (IASB) has published its first batch of editorial corrections for 2013. The editorial corrections are in respect of the 2013 IFRS 'Blue Book' and remove incorrect references to IFRS 9 'Financial Instruments'. The IASB has issued an 'Blue Book errata' in addition to its usual compilation of editorial corrections which are published three times each year.

The 2013 IFRS 'Blue Book' consolidates all new standards and amendments to International Financial Reporting Standards (IFRS) which are applicable on 1 January 2013, but without early application of other standards and amendments that apply in later periods.

Due to the deferral of the mandatory effective date of IFRS 9 to annual reporting periods beginning on or after 1 January 2015, the 2013 IFRS 'Blue Book' should not contain references to IFRS 9.  The Blue Book 2013 errata removes these references and replace them with equivalent references and other requirements related to IAS 39 Financial Instruments: Recognition and Measurement.

The compilation of editorial corrections includes the following:

  • consequential amendments that should have been included in the stand-alone Standards at the time of publication. These corrections will need to be made to either 2012 IFRS (Red Book), A Guide through IFRS 2012 or 2013 IFRS (Blue Book), or all of them
  • notification that an Error Note was issued in January 2013 to correct the Exposure Draft Recoverable Amount Disclosures for Non-financial Assets (separately available on the IASB website)
  • notification of minor changes made to the content of the Illustrative examples to accompany IFRS 13 Fair Value Measurement Unquoted equity instruments within the scope of IFRS 9 Financial Instruments (separately available on the IASB website)
  • editorial corrections to various individual publications, which may need to be made to 2012 IFRS (Red Book), A Guide through IFRS 2012 (Green Book) and 2013 IFRS (Blue Book)
  • editorial corrections to 2012 IFRS (Red Book), A Guide through IFRS 2012 and 2013 IFRS (Blue Book) as a consequence of errors that were made when compiling those volumes.

Click for the following on the IASB website:

Correction list for hyphenation

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