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IASB publishes proposals for amendments under its annual improvements project

26 August 2009


The International Accounting Standards Board (IASB) today published for public comment an exposure draft of proposed amendments to eleven International Financial Reporting Standards (IFRSs) under its annual improvements project.

The proposed amendments reflect issues discussed by the IASB in the project cycle that began last year. The proposals range from clarification of the measurement of non controlling interests in IFRS 3 Business Combinations (as revised in 2008) to changes of wording to clarify the meaning of IFRSs and remove unintended inconsistencies.

Unless otherwise specified, the proposed effective date for the amendments is for annual periods beginning on or after 1 January 2011, although entities would be permitted to adopt them earlier. The proposed effective date for the amendments arising from IFRS 3 and the consequential amendments to the transition requirements of IAS 27 Consolidated and Separate Financial Statements (as amended in 2008) is 1 July 2010.

The exposure draft can be accessed via the project website or on the ‘Open to Comment’ section on The IASB requests comments on the exposure draft by 24 November 2009.

Printed copies of the exposure draft Improvements to IFRSs (ISBN 978-1-907026-33-1) will be available shortly, at £10 a copy (plus shipping), from the IASC Foundation Publications Department. Those wishing to subscribe to eIFRSs should visit the online shop at or contact:

IASC Foundation Publications Department,
30 Cannon Street, London EC4M 6XH, United Kingdom.
Tel: +44 (0)20 7332 2730 Fax +44 (0)20 7332 2749
Email: Web:

Press enquiries


For press enquiries, please contact:

  • Mark Byatt, Director of Corporate Communications, IASB
    Telephone: +44 (0)20 7246 6472
  • Sonja Horn, Communications Adviser, IASB
    Telephone: +44 (0)20 7246 6463
Technical enquiries

For technical enquiries, please contact:

  • Michael Kraehnke, Practice Fellow, IASB
    Telephone: +44 (0)20 7246 6912