This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Newsletter on amendments to IAS 24

  • iaspupdate.jpg Image

16 Nov 2009

Deloitte's IFRS Global Office has published an (PDF 68k) explaining the changes to IAS 24 that the IASB issued on 4 November 2009. The amendments provide a partial exemption from the disclosure requirements for government-related entities and clarify the definition of a related party.

The revised IAS 24 also clarifies that disclosure is required of any commitments of a related party to do something if a particular event occurs or does not occur in the future, including executory contracts (recognised and unrecognised). The revised standard is effective for annual periods beginning on or after 1 January 2011, with earlier application permitted.
Click to view IAS Plus Update IASB Issues Amendments to IAS 24 (PDF 68k). Links to all past IAS Plus Update newsletters are Here.

 

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.