The European Union has published the Commission Regulation (EC) No 149/2011 endorsing the annual improvements published by the IASB on 6 May 2010. The IASB uses the annual improvements project to make necessary, but non-urgent, amendments to IFRSs that will not be included as part of another major project. Currently another four IASB pronouncements await endorsement action.
See full Press Release.
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