New IASB pronouncements and amendments
The International Accounting Standards Board (IASB) has recently issued the following documents:
• Reclassification of Financial Assets-Effective Date and Transition (Amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures)
• a revised version of IFRS 1 First-time Adoption of International Financial Reporting Standards
• IFRIC Interpretation 17 Distributions of Non-cash Assets to Owners.