EU published Amendments to Annual Improvements to IFRS Standards 2015-2017 Cycle

The European Union has published the Commission Regulation (EC) No 2019/412 of 14 March 2019 amending Regulation (EC) No 1226/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council in the Official Journal on 15 March 2019.

This regulation incorporates the amendments to the following Standard:

IFRS 3 Business Combinations
IFRS 11 Joint Arrangements
IAS 12 Income Taxes
IAS 23 Borrowing Cost