Question

discuss the changes that have occurred on the IFRS within the prior 12 months in the standards and rulings issued

Answer 1

The following changes have taken place in the IFRS in the last 12 months:

1. IFRS 9 Financial Instruments

2. IFRS 15 Revenue from Contracts with Customers

3. IFRS 16 Leases

4. IFRS 17 Insurance Contracts

5. AS 7 Disclosure Initiative - Amendments to IAS 7

6. IAS 12 Recognition of Deferred Tax Assets for Unrealised Losses - Amendments to IAS 12

7. AIP IFRS 12 Disclosure of Interests in Other Entities - Clarification of the scope of the disclosure requirements in IFRS 12

8. IFRS 15 Revenue from Contracts with Customers

9. IFRS 9 Financial Instruments

10. IFRS 2 Classification and Measurement of Sharebased Payment Transactions - Amendments to IFRS 2