IFRS 1 and IFRS 6 Amendments

The amendments clarify the IASB's intention with respect to an exemption provided to first-time adopters of International Financial Reporting Standards (IFRSs) who choose to adopt IFRS 6 before 1 January 2006.

EFRAG issued its comment letter in response to the Exposure Draft in June 2005 and submitted its endorsement advice to the European Commission in September 2005. 

[The publication dates of some of the documents related to this project do not necessarily reflect the date when the document was received of published on EFRAG's website].