We have published the IFRS Alert 2017 - 07: IASB issues 'Annual Improvements to IFRS Standards 2015-2017 Cycle'.
The Annual Improvements address minor, but necessary, changes to various IFRS Standards to clarify wording or eliminate inconsistencies between Standards. This year's Annual Improvements process makes minor changes to the following Standards:
- IAS 12 'Income Taxes'
- IAS 23 'Borrowing Costs'
- IFRS 3 'Business Combinations'
- IFRS 11 'Joint Arrangements'