IASB issues minor changes to IFRS Standards

The IASB has  issued several amendments to IFRS Standards and an Interpretation that clarifies the requirements in particular Standards. In particular:
- Annual Improvements to IFRS Standards 2014-2016 Cycle, that amend IFRS 1, IFRS 12 and IAS 28;
- IFRIC Interpretation 22 Foreign Currency Transactions and Advance Considerationan. It is effective 1 January 2018; and
- Amendments to IAS 40 Investment Property: Transfers of Investment Property, that are effective 1 January 2018.

For more information, please refer to the IASB wesbsite