IFRS® Standards

Annual Improvements 2010 – 2012

Summary

The Accounting Standards Board (AcSB) is participating in the International Accounting Standards Board’ s(IASB) project to amend 11 International Financial Reporting Standards (IFRSs) as part of its 2010—2012 Annual Improvements project.  

Staff Contact(s)

Katharine Christopoulos, CPA, CA, CPA (Illinois)

Senior Principal, Accounting Standards Board

Meeting & event summaries


August 20, 2012

AcSB Decision Summary – August 20, 2012

The AcSB approved its response to the IASB’s Exposure Draft, “Annual Improvements to IFRSs 2010—2012 Cycle.” The AcSB also considered the IFRS Discussion Group's suggestion from its July 19, 2012 meeting to raise the issue “IAS 1: Classification of Long-term Debt to Be Repaid from an Offering” in the AcSB’s response to the IASB’s Exposure Draft. The AcSB agreed that the amendment to IAS 1 Presentation of Financial Statements proposed by the IASB does not relate to the same issue that the IFRS Discussion Group had identified.  The AcSB will consider the Group’s recommendation to refer its issue to the IFRS Interpretations Committee at a future meeting.

The AcSB encourages Canadian stakeholders to submit their views on the Exposure Draft directly to the IASB by September 5, 2012.

July 11, 2012

AcSB Decision Summary – July 11, 2012

The AcSB discussed the key points to be included in its response to the IASB’s Exposure Draft, “Annual Improvements to IFRSs 2010—2012 Cycle,” and will recommend that some aspects of the proposals be clarified.  The AcSB encourages Canadian stakeholders to submit their views on the Exposure Draft to the IASB by September 5, 2012.

June 13, 2012

AcSB Decision Summary – June 13, 2012

The AcSB approved the issuance of an exposure draft in respect of the IASB’s Exposure Draft, “Annual Improvements to IFRSs 2010—2012 Cycle.” 

November 8, 2011

AcSB Decision Summary – November 8, 2011

The AcSB approved the issuance of an exposure draft reflecting the IASB's forthcoming Exposure Draft, "Annual Improvements to IFRSs 2010-2012 Cycle." The AcSB directed staff to develop a response to the IASB’s Exposure Draft and to consult with stakeholders when appropriate.

News


December 17, 2013

News

Final Amendments – Annual Improvements to IFRSs 2010 – 2012 Cycle

December 17, 2013. The IASB has issued final amendments to six IFRSs as part of its annual improvements project. The amendments are effective for annual periods beginning on or after July 1, 2014.

October 9, 2012

News

AcSB Response – Annual Improvements to IFRSs 2010—2012 Cycle

October 9, 2012. The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft.

June 19, 2012

News

Exposure Draft – Annual Improvements to IFRSs 2010—2012 Cycle

June 19, 2012. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Canadian stakeholders are encouraged to submit their comments, on the form provided, by September 5, 2012.

May 7, 2012

News

Exposure Draft – Annual Improvements to IFRSs 2010-2012 Cycle

May 7, 2012. The IASB has issued an Exposure Draft proposing amendments to 11 IFRSs resulting from its annual improvements project. The comment deadline is September 5, 2012.

Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.