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AASB issues improvements exposure draft

  • AASB (Australian Accounting Standards Board) (lt blue) Image

06 Jul 2011

The Australian Accounting Standards Board (AASB) has issued ED 213 'Improvements to IFRSs', equivalent to the IASB exposure draft of the same name.

The IASB uses the annual improvements project to make necessary, but non-urgent, amendments to IFRSs that will not be included as part of another major project. The ED proposes that all of the amendments will be effective for annual periods beginning on or after 1 January 2013, although entities shall be permitted to adopt them earlier.

More information about the proposals in the exposure draft can be found in our IFRS in Focus Newsletter — IASB issues Exposure Draft on Improvements to IFRSs 2011.

Comments to the AASB are requested by 6 September 2011, with comments on the IASB's exposure draft closing on 21 October 2011. Click for AASB announcement (link to AASB website).

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