Wednesday, May 19, 2010

IASB - Annual improvements to IFRS

The International Accounting Standards Board (IASB) has issued Improvements to IFRS - a collection of amendments to seven International Financial Reporting Standards (IFRS) - as its latest set of annual improvements. Unless otherwise specified, the amendments are effective for annual periods beginning on or after January 1, 2011, with earlier application permitted. (Read the IASB Press Release.)