As part of its annual improvements project, the IASB published for public comment an exposure draft of proposed, narrowly scoped amendments to 11 IFRSs.

Subjects of the proposals include shortterm receivables and payables in IFRS 13, Fair Value Measurement; recognition of deferred tax assets for unrealized losses in IAS 12, Income Taxes; and current/noncurrent classification of liabilities in IAS 1, Presentation of Financial Statements.

The IASB’s annual improvements project is designed to provide a streamlined process for efficient engineering of narrowly scoped amendments to IFRSs. The proposed changes reflect issues the IASB has discussed in a project cycle that began in 2010.

Comments on the ED, available at, are due Sept. 5.



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