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IASB publishes editorial corrections

  • IASB document (blue) Image

19 Sep 2014

The International Accounting Standards Board (IASB) has published its second batch of editorial corrections for 2014. The corrections impact a previous editorial correction, consequential amendments, stand-alone standards, and the IASB's "A Guide Through IFRS 2013", "2014 IFRS (Blue Book)", and "2014 IFRS (Red Book)".

The retraction of a previous editorial correction affects the following standard:

  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

Editorial corrections to consequential amendments affect the following standards:

Editorial corrections affect the following individual pronouncements:

Editorial corrections to the 2014 IFRS (Red Book), A Guide through IFRS 2013 and 2014 IFRS (Blue Book) affect the following standards:

  • IFRS 1 First-time Adoption of International Financial Reporting Standards
  • IFRS 3 Business Combinations
  • IFRS 4 Insurance Contracts
  • IFRS 7 Financial Instruments: Disclosures
  • IFRS 9 Financial Instruments
  • IAS 27 Separate Financial Statements
  • IAS 32 Financial Instruments: Presentation
  • IAS 39 Financial Instruments: Recognition and Measurement
  • IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments
  • IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
  • IFRIC 12 Service Concession Arrangements

Editorial corrections do not change the meaning or application of pronouncements, but instead correct inadvertent errors.  Full details of the editorial corrections are 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.