What do you think about the proposed annual improvements to IFRS® Standards?

The International Accounting Standards Board (IASB) is proposing amendments to:

  • IAS 12 Income Taxes;
  • IAS 23 Borrowing Costs; and
  • IAS 28 Investments in Associates and Joint Ventures.

We would like to know your views about the proposed amendments.

The proposed amendments are minor improvements. They are set out in IASB ED/2017/1 Annual Improvements to IFRS Standards 2015–2017 Cycle.

We are committed to adopting international standards, while also ensuring those standards reflect our New Zealand conditions. This ensures we remain internationally competitive.

Once the IASB issues the final amendments, we will issue equivalent amendments in New Zealand for those for-profit entities that apply NZ IFRS. Therefore, this exposure draft is your opportunity to comment on the proposals.

You can comment on any of the proposals. Comments can be in an email or letter and can be formal or informal.

Send your comments on the proposals in IASB ED/2017/1 to the NZASB by 17 March 2017, or send comments directly to the IASB by 12 April 2017, with a copy to the NZASB.

Read IASB ED/2017/1 Annual Improvements to IFRS Standards 2015–2017 Cycle