IFRS in Focus — IASB publishes package of narrow-scope amendments to IFRS Standards

Published on: 19 May 2020

This IFRS in Focus addresses the recent package of narrow-scope amendments to IFRS Standards that was published by the IASB on 14 May 2020. The individual amendments include:

  • Reference to the Conceptual Framework, which amends IFRS 3 Business Combinations (link to news item);
  • Property, Plant and Equipment — Proceeds before Intended Use, which amends IAS 16 Property, Plant and Equipment (link to news item);
  • Onerous Contracts — Cost of Fulfilling a Contract, which amends IAS 37 Provisions, Contingent Liabilities and Contingent Assets (link to news item); and
  • Annual Improvements to IFRS Standards 2018–2020 (link to news item).


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