Annual improvements – 2006-2008 cycle
Background
The annual improvements project provides a vehicle for making non-urgent but necessary amendments to IFRSs.
This page deals with improvements that were included in the 2006-2008 cycle. A number of issues from this cycle were held over to the annual improvements 2007-2009 cycle.
Current status of the project
This project has been completed. The IASB issued Improvements to IFRSs on 22 May 2008.
Project milestones
| Date | Development | Comments |
|---|---|---|
| 11 October 2007 | Exposure Draft Improvements to International Financial Reporting Standards published | Comment deadline 11 January 2008 |
| 22 May 2008 | Improvements to IFRSs issued | Effective for annual periods beginning on or after either 1 January 2009 or 1 July 2009 |
