The QCA Financial Reporting Committee prepared this response to the International Accounting Standards Board's Expsore Draft on annual improvements to IFRS. The QCA noted that many of the proposed amendments addressed areas of ambiguity, but raised practical issues with the proposed amendment to IAS 27, which requires an investor in its separate financial statements to apply the requirements of IAS 39 to test its investments in subsidiaries, jointly controlled entities and associates for impairment.
QCA Response to IASB's Exposure Draft – Improvements to IFRS
The QCA Financial Reporting Committee prepared this response to the International Accounting Standards Board's Expsore Draft on annual improvements to IFRS.
