IASB issues minor amendments to IFRS Standards

Posted on May 15, 2020 by Editor

Yesterday the International Accounting Standards Board (IASB) issued a package of narrow-scope amendments to the IFRS Standards.

These included IAS 37, Onerous Contracts; IFRS 3, Reference to the Conceptual Framework; IAS 16, Property, Plant and Equipment; and Annual Improvements to IFRS Standards 2018–2020.

The amendments will come into force in January 2022.

Find out more about the amendments here.

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