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IASB publishes proposals for amendments under its annual improvements project

22 June 2011


The International Accounting Standards Board (IASB) today published for public comment an exposure draft of proposed amendments to five International Financial Reporting Standards (IFRSs) under its annual improvements project. The project provides a streamlined process for dealing efficiently with a collection of narrow scope amendments to IFRSs.

The proposed amendments reflect issues discussed by the IASB in the project cycle that began in 2009. These amendments meet the enhanced criteria for the annual improvements process that were approved by the IFRS Foundation Trustees in February 2011 as part of a revision to the Due Process Handbook for the IASB. The revised criteria were developed to help determine whether a matter relating to the clarification or correction of IFRSs should be addressed using the annual improvements process.

The proposed effective date for the amendments is for annual periods beginning on or after 1 January 2013, although entities are permitted to adopt them earlier.

The exposure draft can be accessed via the project website or on the ‘Comment on a proposal’ page on The IASB requests comments on the exposure draft by 21 October 2011.

For more information about the criteria used to determine whether a topic should be added as part of the annual improvements projects, visit


Press enquiries

  • Mark Byatt, Director of Corporate Communications, IFRS Foundation
    Telephone: +44 (0)20 7246 6472
  • Sonja Lardeau, Communications Manager, IFRS Foundation
    Telephone: +44 (0)20 7246 6463

Technical enquiries

  • Michael Stewart, Director of Implementation Activities, IFRS Foundation
    Telephone: +44 (0)20 7246 6922
  • Fabienne Colignon, Practice Fellow, IFRS Foundation
    Telephone: +44 (0)20 7246 6935
  • Denise Gomez, Technical Manager, IFRS Foundation
    Telephone: +44 (0)20 7246 6469

Related information 

  • Click here for a print-friendly version of this press release
  • Click here for more infomation on the Annual Improvements project