The IFRS Foundation has announced that the “2012 International Financial Reporting Standards’ Red Book is now available.
This edition is presented in two volume parts A and B, and includes the following changes made during 2011:
•Four new standards–IFRSs 10, 11, 12 and 13;
•One new Interpretation–IFRIC 20;
•Seven revised standards–IFRSs 7 and 9 and IASs 1, 12, 19, 27 and 28;
•Amendments to IFRSs that were issued as separate documents–IFRSs 7 and 9, IASs 1, 19 and 32; and
•Amendments to other IFRSs resulting from those amended standards.
This edition includes amendments to IFRSs that have an effective date after 1 January 2012. It does not contain documents that are being replaced or superseded but remain applicable if the reporting entity chooses not to adopt the newer versions early.