Since March 2016, the IASB has issued the following amendments:
This guide summarises these new amendments and IFRIC plus those standards and amendments issued previously that are effective from 1 January 2017.
It is designed to be used by preparers, users and auditors of IFRS financial statements. It includes a quick reference table of each standard/amendment/interpretation categorised by the effective date, whether early adoption is permitted. The publication gives an overview of the impact of the changes, which may be significant for some entities, helping companies understand if they will be affected and to begin their considerations. It will help entities plan more effectively by flagging up where new processes and systems or more guidance may be needed.