IAS 34 — Significant events and transactions
Date recorded:
The IFRIC discussed the comment letters received in response to the Board proposals to amend IAS 34 Interim Financial Reporting to emphasise the disclosure principle and to add further guidance.
The IFRIC in principle agreed with the amendments, subject to clarifications of the terminology used and subject to specifying which disclosure requirements were required (what the principle was and which generic and specific events should be disclosed).
On that basis, the IFRIC recommended to the Board to finalise the amendments subject to editorial drafting suggestions.