Narrow scope amendments

Title Description
Annual improvements — 2012-2014 cycle Completed 2014. The IASB issued 'Annual Improvements to IFRSs 2012–2014 Cycle' on 25 September 2014.
Annual improvements — 2013-2015 cycle Discontinued 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.
Different effective dates of IFRS 9 and the new insurance contracts standard Completed 2016. Final amendments to IFRS 4 'Insurance Contracts' were issued on 12 September 2016.
IAS 1 — Disclosures about going concern A narrow scope project to clarify the disclosure requirements about the assessment of going concern in IAS 1 'Presentation of Financial Statements'. This project has been incorporated into the IASB's short-term disclosure initiative of amendments to IAS 1.
IAS 16/IAS 38 — Acceptable methods of depreciation and amortisation Completed 2014. The IASB issued 'Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38)' on 12 May 2014.
IAS 19/IFRIC 14 — Remeasurement at a plan amendment, curtailment or settlement / Availability of a refund of a surplus from a defined benefit plan A narrow scope project to clarify (a) the calculation of current service cost and net interest an when entity remeasures the net defined benefit liability (asset) when a plan amendment, curtailment or settlement occurs; and (b) whether a trustee's power to augment benefits or to wind up a plan affects the employer's unconditional right to a refund and thus, in accordance with IFRIC 14, restricts recognition of an asset. An exposure draft was published on 18 June 2015 with comment letter deadline 19 October 2015. Amendments to IAS 19 regarding (a) were issued on 7 February 2018. Amendments regarding (b) are still outstanding.
IAS 21 — Lack of exchangeability The IFRS Interpretations Committee received a submission about the determination of the exchange rate when there is a long-term lack of exchangeability as IAS 21 'The Effects of Changes in Foreign Exchange Rates' does not include explicit requirements on the exchange rate an entity uses when the spot exchange rate is not observable. The IASB took the matter over and published an exposure draft of proposed amendments on 20 April 2021 with comments requested by 1 September 2021.
IAS 27 — Equity method in separate financial statements Completed 2014. The IASB issued 'Equity Method in Separate Financial Statements (Amendments to IAS 27)' on 12 August 2014.
IAS 28 — Reflecting other net asset changes when applying the equity method of accounting Discontinued 2014. In light of insufficient members in favour of approving finalised amendments at the IASB's May 2014 meeting, the IASB will not proceed with the originally proposed amendments to provide guidance on whether and where an investor should account for its share of the changes in the net assets of the associate that are not recognised in profit or loss or other comprehensive income (OCI) of the associate (i.e. ‘other net asset changes’).
IAS 32 — Put options over non-controlling interests (NCIs) Discontinued as a project in its own right in 2014. The issues will now be discussed as part of the project 'Financial instruments with characteristics of equity'.
IAS 41 — Bearer plants Completed 2014. The IASB issued 'Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41)' on 30 June 2014.
IFRS 3/IFRS 11 — Remeasurement of previously held interests This project has been completed. The proposed amendments were finalised as part of the annual improvements 2015-2017 on 12 December 2017.
IFRS 10/IAS 28 — Sales or contributions of assets between an investor and its associate/joint venture Completed 2014. The IASB issued 'Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)' on 11 September 2014.
IFRS 11 — Acquisition of an interest in a joint operation Completed 2014. The IASB issued 'Accounting for Acquisitions of Interests in Joint Operations (Amendments to IFRS 11)' on 6 May 2014.
Supplier finance arrangements The Board is looking into the claim that the information entities provide about supplier finance arrangements applying existing IFRS requirements does not meet all investor information needs. An exposure draft of proposed amendments was published on 26 November 2021 with comment requested by 28 March 2022.

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