The International Accounting Standards Board (IASB) has published for public comment an Exposure Draft of proposed amendments to four International Financial Reporting Standards (IFRS) under its annual improvements project. The project provides a streamlined process for dealing efficiently with a collection of narrow scope amendments to IFRS.

The proposed amendments reflect issues discussed by the IASB in the project cycle that began in 2011. These amendments meet the criteria for the annual improvements process set out in the Due Process Handbook for the IASB. The criteria helps in deciding whether a matter relating to the clarification or correction of IFRS should be addressed using the annual improvements process.

The proposed effective date for the amendments is for annual periods beginning on or after 1 January 2014, although entities are permitted to adopt them earlier.

The closing date for comment is 18 February 2013. The Exposure Draft can be accessed via the project website or on the 'Comment on a proposal' page at the here