International Accounting Standards Board (IASB) has announced amendments to International
Financial Reporting Standards (IFRS) which are applicable for reporting periods beginning on
or after 1 January 2022. These amendments were issued by the IASB in May 2020 as narrow
scope amendments. This article is a refresher on these IFRS amendments announced in 2020
which are now applicable. From an Indian perspective, these amendments if implemented in
Indian Accounting Standards (Ind AS) will certainly be a qualitative addition.

Click here to read more