Exposure Draft ED 326 Annual Improvements to Australian Accounting Standards – Volume 11

Monday, September 25, 2023

The International Accounting Standards Board (IASB) has published proposed narrow-scope amendments to IFRS Accounting Standards and accompanying guidance as part of its periodic maintenance of the Accounting Standards. The AASB proposes the same amendments to Australian Accounting Standards in        ED 326.

The proposed amendments include clarifications, corrections or changes to improve consistency in AASB 1 First-time Adoption of Australian Accounting Standards, AASB 7 Financial Instruments: Disclosures, AASB 9 Financial Instruments, AASB 10 Consolidated Financial Statements and AASB 107 Statement of Cash Flows.

Comments to the AASB are requested by 7 November 2023. The IASB’s comment period closes on 11 December.

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