The eleven pronouncements subject to proposed amendments are:

• IFRS 1 First-time Adoption of International Financial Reporting Standards
• IFRS 3 Business Combinations
• IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
• IFRS 7 Financial Instruments: Disclosures
• IAS 1 Presentation of Financial Statements
• IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
• IAS 27 Consolidated and Separate Financial Statements
• IAS 28 Investments in Associates
• IAS 34 Interim Financial Reporting
• IAS 40 Investment Property
• IFRIC 13 Customer Loyalty Programmes

The proposed effective date for most of the amendments is for annual periods beginning on or after 1 January 2011, although entities would be permitted to adopt them earlier.

The proposed effective date for the amendments arising from IFRS 3 Business Combinations and the consequential amendments to the transition requirements of IAS 27 Consolidated and Separate Financial Statements (as amended in 2008) is 1 July 2010.

Comments on the exposure draft are due by 24 November 2009. Click for Press Release (PDF 100k).