EFRAG issues final endorsement advice on amendments to IFRSs
12 Mar, 2014
The European Financial Reporting Advisory Group (EFRAG) has completed its due process for the IASB’s Annual Improvements to IFRSs (2010-2012 cycle) and (2011-2013 cycle). In both cases, the EFRAG has expressed their support of the amendments and has recommended their adoption to the European Commission.
The Annual Improvements to IFRSs 2010-2012 Cycle incorporate eight amendments to seven standards being IFRS 2 Share-based Payment, IFRS 3 Business Combinations, IFRS 8 Operating Segments, IFRS 13 Fair Value Measurement, IAS 16 Property, Plant and Equipment, IAS 24 Related Party Disclosures and IAS 38 Intangible Assets.
The Annual Improvements to IFRSs 2011-2013 Cycle incorporate four amendments to four standards being IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 3 Business Combinations, IFRS 13 Fair Value Measurement and IAS 40 Investment Property.
For more information, see (links to EFRAG website):
- Annual Improvements 2010-2012 cycle
- Annual Improvements 2011-2013 cycle
In addition, the EFRAG has updated its endorsement status report to reflect these final endorsements.
Related Topics
- IAS 16 — Property, Plant and Equipment
- IAS 24 — Related Party Disclosures
- IAS 38 — Intangible Assets
- IAS 40 — Investment Property
- IFRS 1 — First-time Adoption of International Financial Reporting Standards
- IFRS 2 — Share-based Payment
- IFRS 3 — Business Combinations
- IFRS 8 — Operating Segments
- IFRS 13 — Fair Value Measurement
