IASB proposes amendments to 3 IFRS standards

Please note: This item is from our archives and was published in 2017. It is provided for historical reference. The content may be out of date and links may no longer function.

The International Accounting Standards Board (IASB) proposed amendments Thursday to three IFRS standards as part of the board’s annual improvements process.

The IASB is proposing amendments to standards related to income taxes, borrowing costs, and investments in associates and joint ventures.

The proposed amendments are:

  • International Accounting Standard (IAS) 12, Income Taxes. The board’s proposed change clarifies that an entity should account for all income tax consequences of dividends in the same way, regardless of how the tax arises.
  • IAS 23, Borrowing Costs. The board’s proposed change clarifies which borrowing costs are eligible for capitalisation as part of the cost of an asset in particular circumstances.
  • IAS 28, Investments in Associates and Joint Ventures. The board’s proposed change clarifies that an entity should apply IFRS 9, Financial Instruments, to long-term interests in an associate or joint venture to which it does not apply the equity method.

The deadline for comments on the exposure draft is April 12th. Comments can be made on the IASB website.

Neil Amato (Neil.Amato@aicpa-cima.com) is a CGMA Magazine senior editor.

Up Next

Decarbonisation benefits boost climate investments globally

By Steph Brown
September 25, 2025
Revenue growth and operational savings from climate-related initiatives are incentivising the push for technology-driven migration and adaptation solutions.

Related Articles