IFRIC 10 — Interim Financial Reporting and Impairment

Effective date:	First effective as Canadian GAAP under Part I for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011. Earlier application of Part I was permitted.
Published by the IASB:	July 2006
Included in Part I of CPA Canada Handbook:	January 2010

Overview

The Interpretation addresses the interaction between the requirements of IAS 34 Interim Financial Reporting and the recognition of impairment losses on goodwill in IAS 36 Impairment of Assets and certain financial assets in IAS 39 Financial Instruments: Recognition and Measurement, and the effect of that interaction on subsequent interim and annual financial statements.

The following table shows the history of this standard subsequent to the adoption of IFRS in Canada.

Date¹	Development	Comments	Included in Part I of the CPA Canada Handbook²
January 2010	Part I of the CPA Canada Handbook issued	Effective for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011. Earlier application is permitted.	January 2010

For further details of relevant developments prior to this, please refer to our Deloitte Global section.
Newly issued, amended or revised IFRSs are part of Canadian GAAP only after they are approved by the Accounting Standards Board in accordance with its due process.

The above summary does not include details of consequential amendments made as the result of other projects.