Together, the two cycles of final amendments cover a total of nine standards, with consequential amendments to other standards. Most of the amendments will apply prospectively for annual periods beginning on or after 1 July 2014.
The cycle of proposed amendments would affect another four standards. Most of the proposals would apply retrospectively for annual periods beginning on or after 1 January 2016. Comments on the proposals are due to the IASB by 13 March 2014.