In early January, the IASB published on its website an article in which four of its members (Sue Lloyd, Gary Kabureck, Darrel Scott and Stephen Cooper) offered some practical advice to entities about putting IFRS 16 – Leases into practice.
On 12th January 2017, the IASB published its draft Improvements to IFRSs – 2015 - 2017 Cycle.
After a pause of several months, the IASB has started the year by presenting its annual improvements in a short exposure draft, with the next consultations expected as of April.
On 8 December 2016, the IASB published amendments to IAS 40 – Investment Property. The changes clarify when an entity must transfer a property asset to (or from) the ‘investment property’ category.
On 8 December 2016, the IASB published the Annual Improvements to IFRS Standards 2014-2016 Cycle. This makes minor changes to the following standards: