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08/02/2018 - EFRAG Endorsement Status Report - Update 8 February 2018

​The endorsement by the European Commission of Annual Improvements to IFRS Standards 2014-2016 Cycle is now reflected in the EFRAG Endorsement Status Report.


The European Union has published a Commission Regulation endorsing Annual Improvements to IFRS Standards 2014-2016 Cycle. The Amendments are effective for annual periods beginning on or after 1 January 2017 and 1 January 2018, with earlier application permitted for some amendments.

The objective of the Amendments is to address non-urgent but necessary issues discussed by the IASB during the project cycle that began in 2014 on areas of inconsistency in IFRS Standards or where clarification of wording is required. The Amendments relate to the following IFRS Standards:

  • IAS 28 Investments in Associates and Joint Ventures
  • IFRS 1 First-time Adoption of International Financial Reporting Standards
  • IFRS 12 Disclosure of Interests in Other Entities

Link to the publication in the Official Journal of the European Union: Commission Regulation (EU) 2018/182 of 7 February 2018

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu 'Endorsement Status'.