Annual improvements — 2018-2020 cycle


Annual improvements — 2018-2020 cycle

The IASB's annual im¬provements project provides a streamlined process for dealing efficiently with a collection of amendments to IFRSs. 

The primary objective of the process is to enhance the quality of standards, by amending existing IFRSs to clarify guidance and wording, or to correct for relatively minor unintended consequences, conflicts or oversights. 

Amendments are made through the annual improvements process when the amendment is considered non-urgent but necessary.

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