Exposure Draft issued by IASB on Annual Improvements to IFRSs 2014–2016 Cycle is for comment only. Comments on the Exposure Draft need to be received by January 18, 2016.

The IASB has a streamlined process for dealing efficiently with issues related to inconsistencies in the application of Standards and where there is a need to clarify the wording in a Standard. This entails combining a collection of proposed narrow-scope amendments into annual improvement cycles and exposing them for public comment collectively.

The IASB published the Exposure Draft Annual Improvements to IFRSs 2014-2016 Cycle. This covers proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 12 Disclosure of Interest in Other Entities and IAS 28Investments in Associates and Joint Ventures.

Invitation to comment

ASB invites comments on the Exposure Draft from the public. The downloadable version of the draft is available at: http://www.ifrs.org/Current-Projects/IASB-Projects/Annual-Improvements/Exposure-Draft-November-2015/Documents/ED-Annual%20-Improvements-to-IFRS%202014_2016%20Cycle_NOV%202015.pdf

How to comment

Comments should be submitted using one of the following methods: