IASB proposes package of IFRS amendments

IASB proposes package of IFRS amendments: "As part of its annual improvements project, the International Accounting Standards Board (IASB) published for public comment Thursday an exposure draft of proposed, narrowly scoped amendments to 11 IFRSs.

Subjects of the proposals include short-term 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."

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