This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

IAS plus update

September 2009


DOWNLOAD  

IASB releases omnibus exposure draft of annual improvements

On 26 August 2009, the International Accounting Standards Board (IASB) published for public comment an omnibus exposure draft (ED) ED/2009/11 Improvements to IFRSs (Proposed amendments to International Financial Reporting Standards). The IASB has requested comments on the proposals by 24 November 2009.

The IASB’s annual improvements process is designed to deal with non-urgent but necessary amendments to Standards, focussing on areas of inconsistency in Standards and where clarification of wording is required.

The ED includes proposals for 15 separate amendments which would affect 10 different Standards and one IFRIC Interpretation, as summarised in the table in attached PDF.

The most significant proposals address:

  • measurement of non-controlling interests that are not currently entitled to a proportionate share of the acquiree’s net assets;
  • impairment of investments in subsidiaries, associates and jointly controlled entities in the separate financial statements of the parent/investor/joint venturer;
  • the disclosure principles for interim reporting; and
  • the classification of investment property held for sale.

Share

 

Stay connected:
Get connected
Share your comments
More on Deloitte Luxembourg
Learn about our site

Recently published