IASB: Minor changes to IFRS Standards

08 December 2016

The IASB has issued several amendments to IFRS Standards and an Interpretation that clarifies the requirements in particular Standards. These changes are part of the IASB’s process to maintain IFRS Standards.

The changes include:

• annual improvements to IFRS Standards—these are minor amendments that clarify, correct or remove redundant wording in a Standard;
• an IFRIC^® Interpretation—this interprets a Standard and was developed by the IFRS Interpretations Committee and ratified by the Board; and
• a narrow-scope amendment to an existing Standard—this clarifies particular aspects of the Standard.

Full press release

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