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Annual improvements — 2013-2015 cycle


The IASB's annual improvements project provides a streamlined process for dealing efficiently with a collection of amendments to IFRSs. The primary objective of the process is to enhance the quality of standards, by amending existing IFRSs to clarify guidance and wording, or to correct for relatively minor unintended consequences, conflicts or oversights. Amendments are made through the annual improvements process when the amendment is considered non-urgent but necessary.

This page tracks developments in the annual improvements process for the 2013-2015 cycle.


Current status of the project

The 2013-2015 cycle of annual improvements was formally added to the IASB work plan in December 2013, and discontinued in 2014. The IASB decided at its July 2014 meeting to discontinue the 2013-2015 cycle of annual improvements in favour of a new 2014-2016 cycle. The one proposed amendment identified as part of the 2013-2015 cycle will be considered as part of the 2014-2016 cycle.


Project milestones

December 2013 2013-2015 cycle formally added to IASB agenda
July 2014 IASB decided to discontinue the 2013-2015 cycle

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.