Annual improvements [Completed]
Set out below are the completed projects arising from the ongoing annual improvements process of the IFRS.
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Part I - IFRS
- Outstanding exposure drafts
- Updated in the last 3 months
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Completed projects
- International Tax Reform—Pillar Two Model Rules: Potential amendments to IAS 12, Income Taxes [Completed]
- Post-implementation review of IFRS 13 Fair Value Measurement [Completed]
- Improvements to IFRS 8, Operating Segments [Completed]
- Prepayment Features with Negative Compensation (Amendments to IFRS 9) [Completed]
- Supplier Finance Arrangements (Proposed amendments to IAS 7 and IFRS 7) [Completed]
- Extractive Industries (Possible replacement of IFRS 6, Exploration for and Evaluation of Mineral Resources) [Completed]
- Amendments to the Conceptual Framework for Financial Reporting [Completed]
- Pension Benefits that Depend on Asset Returns (Possible amendments to IAS 19) [Completed]
- Classification of Liabilities as Current or Non-current (Amendments to IAS 1) [Completed]
- Transfer of Investment Property (Amendments to IAS 40) [Completed]
- Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction (Amendments to IAS 12) [Completed]
- IASB issues narrow-scope amendments to classification and measurement requirements for financial instruments [Completed]
- Integrated Reporting Framework [Completed]
- Lack of Exchangeability (Possible Amendments to IAS 21) [Completed]
- Annual Improvements to IFRSs 2014-2016 Cycle [Completed]
- Definition of a Business (Amendments to IFRS 3) [Completed]
- Lease Liability in a Sale and Leaseback [Completed]
- Non-current Liabilities with Covenants (Amendments to IAS 1) [Completed]
- Previously Held Interests in a Joint Operation (Amendments to IFRS 3 and IFRS 11) [Completed]
- Clarification of Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2) [Completed]
- IFRIC Interpretation of IAS 21 The Effects of Changes in Foreign Exchange Rates: Foreign currency transactions and advance consideration [Completed]
- Accounting policy changes (Potential Amendments to IAS 8) [Completed]
- AcSB - Framework for Reporting Performance Measures [Completed]
- Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) [Completed]
- Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 [Completed]
- Annual Improvements to IFRSs 2015-2017 Cycle [Completed]
- Annual Improvements to the IFRSs
- Post-implementation Review of IFRS 9 - Impairment [Completed]
- Disclosure initiative — Principles of disclosure [Completed]
- Due Process Handbook Review [Completed]
- Amendments to IFRS 17, Insurance Contracts [Completed]
- Disclosure initiative — Accounting Policies [Completed]
- Accounting Policies and Accounting Estimates (Potential Amendments to IAS 8) [Completed]
- IFRS 16 and Covid 19 [Completed]
- IFRS Accounting Taxonomy Update — Amendments to IAS 12, IAS 21, IAS 7 and IFRS 7 [Completed]
- Narrow-scope amendments to IAS 19 and IFRIC 14 — Remeasurement on a plan amendment, curtailment or settlement / Availability of a refund of a surplus from a defined benefit plan [Completed]
- Initial Application of IFRS 17 and IFRS 9―Comparative Information (Amendments to IFRS 17) [Completed]
- Disclosure initiative — Materiality [Completed]
- Discount Rates [Completed]
- Share-based Payment—Sources of Accounting Complexity [Completed]
- IBOR Reform and the Effects on Financial Reporting – Phase II [Completed]
- Post-implementation Review of IFRS 9 – Classification and Measurement [Completed]
- IBOR Reform and the Effects on Financial Reporting – Phase I [Completed]
- IFRS Accounting Taxonomy 2022, Proposed Update 2—Amendments to IFRS 16 and IAS 1 [Completed]
- Annual improvements [Completed]
- Post-implementation review — IFRS 3
- Effective Date of IFRS 15 - One-year deferral [Completed]
- IFRIC 23: Accounting for Uncertainties in Income Taxes (IAS 12) [Completed]
- Annual Improvements to IFRSs 2018-2020 Cycle [Completed]
- Updating a Reference to the Conceptual Framework (Amendments to IFRS 3) [Completed]
- Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) [Completed]
- Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) [Completed]
- Disclosure initiative — Targeted Standards-level Review of Disclosures [Completed]
- IFRS 17, Insurance Contracts [Completed]
- IASB’s Third Agenda Consultation [Completed]
- Part II - ASPE
- Part III - ASNPO
- Part IV - ASPP
- Public Sector
- Securities Instruments
- Regulatory projects
- Assurance projects
- Sustainability
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Part I - IFRS
- Info
| Project | Completed | Description |
|---|---|---|
| Annual Improvements to IFRSs 2009-2011 Cycle [Completed] | 2012 | Amendments to 5 standards, namely IFRS 1, IAS 1, IAS 16, IAS 32 and IAS 34 |
| Annual Improvements to IFRSs 2010-2012 Cycle [Completed] | 2013 | The standard is a collection of amendments to IFRSs in response to eight issues addressed during the 2010–2012 cycle for annual improvements to IFRSs. |
| Annual Improvements to IFRSs 2011-2013 Cycle [Completed] | 2013 | The standard is a collection of amendments to IFRSs in response to four issues addressed during the 2011–2013 cycle. |
| Annual Improvements to IFRSs 2012- 2014 Cycle [Completed] | 2015 | The standard is a collection of amendments to IFRSs in response to five issues addressed during the 2012–2014 cycle. |
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