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Update on accounting standards in Taiwan

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09 Jan 2014

Effective 1 January 2014, entities in Taiwan using IFRS can choose the fair value model for investment property as their accounting policy under IAS 40 'Investment Property'. Previously, only the cost-depreciation-impairment model in IAS 40 was permitted.

For more information on the use of IFRSs in Taiwan, see its jurisdiction profile on the IASB's website.

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Correction list for hyphenation

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