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Annual Improvements to IFRSs 2015-2017 Cycle - IASB

Date recorded:

At its meeting on October 18-19, 2016, the IASB continued its discussions on long-term interests in an associate or joint venture. The Board tentatively decided to propose amendments to IAS 28 to clarify that an entity applies IFRS 9, Financial Instruments, in addition to IAS 28, to long-term interests. The Board also tentatively decided to include the proposed amendments in the next cycle of annual improvements (2015–2017).

The Board also tentatively decided to propose an effective date of January 1, 2018, with earlier application permitted.

The Board will consider the comment period and due-process steps taken on the proposed amendments to IAS 28 at a future meeting.

Review the IASB Update on the IASB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.