EU formally adopts revised IAS 24/amendment to IFRS 8 and amendments to IFRIC 14

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20 Jul, 2010

The European Union has published the Commission Regulation (EC) No 632/2010 (Revised IAS 24 Related Party Disclosure and Amendment to IFRS 8 Operating Segments) and the Commission Regulation (EC) No 633/2010 (Amendments to IFRIC 14 Prepayments of a Minimum Funding Requirement) endorsing the amendments adopted by the IASB in November 2009. Thus currently only three IASB pronouncements await endorsement action.

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