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Style of Standards.

Date recorded:

Other stylistic changes to standards agreed to were:

  • IFRS will include a "main features" section at the beginning and a definitions section at the end of the standard.
  • The word "should" as used in IAS will be replaced by "shall" in IFRS to provide clearer indication as to what is required.
  • The word "enterprise" as used in IAS will be replaced by "entity". This will reflect IASB's focus will be on reporting issues for entities participating in international capital markets.

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.