IAS Plus newsletter — IASB releases omnibus exposure draft of annual improvements for 2008

Published on: 15 Aug 2008

On 7 August 2008, the International Accounting Standards Board (IASB) published for public comment an omnibus Exposure Draft (ED) of Improvements to IFRSs (Proposed amendments to International Financial Reporting Standards). The IASB has requested comments by 7 November 2008.

This is the second set of proposals under the IASB’s annual improvements process which is intended to deal with non-urgent but necessary amendments to Standards. The proposed amendments focus on areas of inconsistency in Standards or where clarification of wording is required.

The ED includes 12 separate amendments which impact 8 different Standards. A summary of all of the proposals is set out in the table contained in the newsletter below.


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