Deadline reminder – proposed improvements to IFRSs
20 Nov 2009
We remind you that comments are due on 24 November 2009 on Exposure Draft (ED): Proposals for Amendments under its Annual Improvements Project.
The ED was issued on 26 August 2009. It proposes amendments to eleven IFRSs. The most significant proposals address:
- measurement of non-controlling interests under IFRS 3 Business Combinations
- impairment of investments in subsidiaries, associates, and jointly controlled entities in the separate financial statements of the parent, investor, or joint venturer
- amendments to the disclosure principles for interim reporting under IAS 34 Interim Financial Reporting
- removal of the requirements in IAS 40 Investment Property to transfer investment property carried at fair value to inventories when it will be developed for sale
