The IASB has published proposed narrow-scope amendments to IFRS accounting standards and accompanying guidance as part of its periodic maintenance, a news release said. The proposed improvements are packaged together in one document.
According to the release, it includes clarifications, simplifications, corrections, or changes to improve consistency in:
IFRS 1, First-time Adoption of International Financial Reporting Standards;
IFRS 7, Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7;
IFRS 9, Financial Instruments;
IFRS 10,