IASB publishes editorial corrections
11 Mar 2014
The International Accounting Standards Board (IASB) has published its first batch of editorial corrections for 2014. The corrections impact consequential amendments, stand-alone standards, and the IASB's “A Guide Through IFRS 2013”, “2014 IFRS (Blue Book)”, and “2013 IFRS (Red Book)”.
Editorial corrections to consequential amendments affect the following standards:
- Defined Benefit Plans: Employee Contributions (Amendments to IAS 19) (issued November 2013)
- IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) (issued November 2013)
- Annual Improvements to IFRSs 2010–2012 Cycle (issued December 2013)
Editorial corrections affect the following individual pronouncements:
- IFRS 9 Financial Instruments (issued November 2009)
- IFRS 9 Financial Instruments (issued October 2010)
- Government Loans (Amendments to IFRS 1) (issued March 2012)
- IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) (issued November 2013)
- Annual Improvements to IFRSs 2010–2012 Cycle (issued December 2013)
- Annual Improvements to IFRSs 2011–2013 Cycle (issued December 2013)
- Exposure Draft Annual Improvements to 2012–2014 Cycle (issued December 2013)
Editorial corrections to the 2013 IFRS (Red Book), A Guide through IFRS 2013 and 2014 IFRS (Blue Book) affect the following standards:
- IFRS 1 First-time Adoption of International Financial Reporting Standards
- IAS 21 The Effects of Changes in Foreign Exchange Rates
- IAS 33 Earnings per Share
- IAS 39 Financial Instruments: Recognition and Measurement
Editorial corrections do not change the meaning or application of pronouncements, but instead correct inadvertent errors. Full details of the editorial corrections are available on the IASB website.