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- Standards. International Accounting Standards (IASs) were issued by the IASC from 1973 to 2000. The IASB replaced the IASC in 2001. Since then, the IASB has amended some IASs, has proposed to amend other IASs, has proposed to replace some IASs with new International Financial Reporting Standards (IFRSs), and has adopted or proposed certain new IFRSs on topics for which there was no previous IAS. Through committees, both the IASC and the IASB also have issued Interpretations of Standards. Financial statements may not be described as complying with IFRSs unless they comply with all of the requirements of each applicable standard and each applicable interpretation.
- Summaries of Standards. Click on an IAS or IFRS number below to go to an unofficial summary of the standard. Please remember that the summaries of IASs and IFRSs only cover highlights and are not a substitute for reading the entire standard. They should not be relied on for preparing financial statements.
- IASB Framework. While not a standard, the IASB Framework for the Preparation and Presentation of Financial Statements serves as a guide to resolving accounting issues that are not addressed directly in a standard. Moreover, in the absence of a standard or an interpretation that specifically applies to a transaction, IAS 8 requires that an entity must use its judgement in developing and applying an accounting policy that results in information that is relevant and reliable. In making that judgement, IAS 8.11 requires management to consider the definitions, recognition criteria and measurement concepts for assets, liabilities, income, and expenses in the Framework. The IASB adopted the Framework in April 2001. It had originally been adopted by the IASC in 1989.
- Preface to IFRSs. Sets out IASB's objectives, the scope of IFRSs, due process, and policies on effective dates, format, and language for IFRSs.
- Effective Dates. Click here for a Table of Effective Dates of Recent Standards.
- How to Obtain.
- The IASB publishes individual copies of its standards, an annual "Bound Volume" of all existing standards and interpretations, and a CD ROM with standards and Interpretations. Subscribers also get access to publications via the Internet. Publications and subscriptions may be ordered on IASB's website www.iasb.org.
- When IASB standards are endorsed by the Accounting Regulatory Committee of the European Commission for use in the European Union, they (minus the non-mandatory guidance and bases for conclusions) are published in the Official Journal of the European Union in all of the EU languages. They Can Be Accessed Here.
- The term 'IFRSs'. The term International Financial Reporting Standards (IFRSs) has both a narrow and a broad meaning. Narrowly, IFRSs refers to the new numbered series of pronouncements that the IASB is issuing, as distinct from the International Accounting Standards (IASs) series issued by its predecessor. More broadly, IFRSs refers to the entire body of IASB pronouncements, including standards and interpretations approved by the IASB and IASs and SIC interpretations approved by the predecessor International Accounting Standards Committee. [On this website, consistent with IASB policy, we abbreviate International Financial Reporting Standards (plural) as IFRSs and International Accounting Standards (plural) as IASs.]
- Interpretations. Click here for information about the Information about Interpretations of IASB Standards.
- Technical Corrections. Click here for information about the IASB's Approach to Making Minor Technical Corrections to Its Standards.
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| International Financial Reporting Standards |
 Preface to International Financial Reporting Standards |
| IFRS 1
First-time Adoption of International Financial Reporting Standards |
| IFRS 2
Share-based Payment |
| IFRS 3
Business Combinations |
| IFRS 4
Insurance Contracts |
| IFRS 5
Non-current Assets Held for Sale and Discontinued Operations |
| IFRS 6
Exploration for and Evaluation of Mineral Assets |
| IFRS 7
Financial Instruments: Disclosures |
| Framework for the Preparation and Presentation of Financial Statements |
| Framework for the Preparation and Presentation of Financial Statements |
| International Accounting Standards |
| IAS 1
Presentation of Financial Statements |
| IAS 2
Inventories |
IAS 3 Consolidated Financial Statements
Originally issued 1976, effective 1 Jan 1977. Superseded in 1989 by IAS 27 and IAS 28. |
IAS 4 Depreciation Accounting
Withdrawn in 1999, replaced by IAS 16, 22, and 38, all of which were issued or revised in 1998. |
IAS 5 Information to Be Disclosed in Financial Statements
Originally issued October 1976, effective 1 January 1997. Superseded by IAS 1 in 1997. |
IAS 6 Accounting Responses to Changing Prices
Superseded by IAS 15, which was withdrawn December 2003 |
| IAS 7
Cash Flow Statements |
| IAS 8
Accounting Policies, Changes in Accounting Estimates, and Errors |
IAS 9 Accounting for Research and Development Activities
Superseded by IAS 38 effective 1.7.99 |
| IAS 10
Events After the Balance Sheet Date |
| IAS 11
Construction Contracts |
| IAS 12
Income Taxes |
IAS 13 Presentation of Current Assets and Current Liabilities
Superseded by IAS 1. |
| IAS 14
Segment Reporting |
IAS 15
Information Reflecting the Effects of Changing Prices
Withdrawn December 2003 |
| IAS 16
Property, Plant and Equipment |
| IAS 17
Leases |
| IAS 18
Revenue |
| IAS 19
Employee Benefits |
| IAS 20
Accounting for Government Grants and Disclosure of Government Assistance |
| IAS 21
The Effects of Changes in Foreign Exchange Rates |
IAS 22
Business Combinations
Superseded by IFRS 3 effective 31 March 2004. |
| IAS 23 Borrowing Costs |
| IAS 24
Related Party Disclosures |
IAS 25 Accounting for Investments
Superseded by IAS 39 and IAS 40 effective 2001. |
| IAS 26
Accounting and Reporting by Retirement Benefit Plans |
| IAS 27
Consolidated and Separate Financial Statements |
| IAS 28
Investments in Associates |
| IAS 29
Financial Reporting in Hyperinflationary Economies |
IAS 30
Disclosures in the Financial Statements of Banks and Similar Financial Institutions
Superseded by IFRS 7 effective 2007. |
| IAS 31 Interests In Joint Ventures |
IAS 32
Financial Instruments: Disclosure and Presentation
Disclosure provisions superseded by IFRS 7 effective 2007. |
| IAS 33
Earnings Per Share |
| IAS 34
Interim Financial Reporting |
IAS 35
Discontinuing Operations
Superseded by IFRS 5 effective 2005. |
| IAS 36
Impairment of Assets |
| IAS 37
Provisions, Contingent Liabilities and Contingent Assets |
| IAS 38
Intangible Assets |
| IAS 39
Financial Instruments: Recognition and Measurement |
| IAS 40
Investment Property |
| IAS 41
Agriculture |
