IASB publishes further editorial corrections

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18 Sep, 2013

The International Accounting Standards Board (IASB) has published the second scheduled batch of editorial corrections for 2013. The corrections impact various individual pronouncements (including a number of exposure drafts) and the IASB's various compilation publications.

In accordance with the IASB's current practice of releasing editorial corrections prior to the publication of its major publications, the editorial corrections precede the expected publication of a revised edition of A Guide through IFRS ('Green Book').

The editorial corrections affect the following individual pronouncements:

  • IFRS 2 Share-based Payment (issued in February 2004)
  • IFRS 3 Business Combinations (issued in January 2008)
  • IFRS 9 Financial Instruments (issued October 2010)
  • IFRS 13 Fair Value Measurement (issued May 2013)
  • IAS 39 Financial Instruments: Recognition and Measurement (issued December 2003)
  • Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12) (issued June 2012)
  • Exposure Draft ED/2012/4 Classification and Measurement: Limited amendments to IFRS 9 (Proposed amendments to IFRS 9 (2010)) (issued November 2012)
  • Exposure Draft ED/2013/3 Financial Instruments: Expected Credit Losses (issued March 2013)
  • Exposure Draft ED/2013/7 Insurance Contracts (issued June 2013)

In addition, the corrections will, to the extent relevant, impact the IASB's publications A Guide through IFRS 2012 ('Green Book'), 2013 IFRS (official pronouncements applicable on 1 January 2013, the 'Blue Book'), 2013 IFRS (all pronouncements issued as at 1 January 2013 even if not applicable at that date, the 'Red Book').  Further editorial corrections are also made to these publications to reflect errors made in their compilation.

Editorial corrections do not change the meaning or application of pronouncements, but instead correct inadvertent errors.  Full details of the editorial corrections is available on the IASB website.

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.