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IASB finalizes amendments to IAS 1 under the Disclosure initiative

  • IFRS - IASB Image

Dec 18, 2014

The International Accounting Standards Board (IASB) published "Disclosure Initiative (Amendments to IAS 1)". The amendments aim at clarifying IAS 1 to address perceived impediments to preparers exercising their judgement in presenting their financial reports.

They are effective for annual periods beginning on or after January 1, 2016, with earlier application being permitted.

Review the IASB's press release.

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.