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Adoption of IASC Standards and SIC Interpretations


At its meeting in April 2001, the IASB approved a resolution to adopt the IASC Standards and SIC Interpretations existing at 1 April 2001, the date that IASB assumed responsibility for setting International Accounting Standards.


Current status of the project

The resolution passed was as follows:


All Standards and Interpretations issued under previous constitutions continue to be applicable unless and until they are amended or withdrawn. The international Accounting Standards Board may amend or withdraw International Accounting Standards and SIC Interpretations issued under previous constitutions of IASC as well as issue new Standards and Interpretations.


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.