ACCOUNTING STANDARDS setter the IASB is proposing amendments to 11 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 IASB said.
The proposed effective date for the amendments, which includes changes to the IFRS 13 fair value measurement, is for annual periods beginning on or after 1 January 2014.
The exposure draft is open for comment until 5 September 2012.
Pell admits he was “a bit surprised” by the letter but believed the audit would re-start after a number of issues have been resolved
ICAEW warns of "worrying degree of confusion" over FRS 101
National Audit Office report critical of Department for Education's financial statements, amid huge expansion of academies across England
FRC guidance makes clear requirements relating to going concern and solvency and liquidity risk