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Bound Volume of IFRSs will be issued next month

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18 Feb 2010

The IASB has announced that the Bound Volume of IFRSs for 2010 (the 'Red Book') will be published in March as a two-volume set.

This is the traditional Bound Volume that contains the latest versions of IFRSs and the supporting documents (illustrative examples, implementation guidance, bases for conclusions and dissenting opinions) as issued by the IASB at 1 January 2010, including those standards that become mandatory after 1 January 2010. In January, the Board published a version of the Bound Volume (the 'Blue Book') that contains only those pronouncements whose application is mandatory as of 1 January 2010. The main changes in the Red Book are the inclusion of:
  • one new standard: IFRS 9
  • one revised standard: IAS 24 (the 2003 version of IAS 24 that was superseded has been omitted – the superseded version can still be used for 2009 and 2010)
  • amendments to IFRSs that were issued as separate documents
  • amendments to IFRSs issued in the second annual improvements project
  • amendments to other IFRSs resulting from those revised or amended standards ('consequential amendments')
  • two new Interpretations: IFRICs 18 and 19
Because of the growing size of the contents, the 2010 Red Book is published in two parts:
  • Part A presents the unaccompanied IFRSs and their introductions and explanatory rubrics.
  • Part B contains the accompanying (non-mandatory) documents, such as bases for conclusions, implementation guidance, and illustrative examples.


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