IAS 34 Interim Financial Reporting applies when an entity prepares an interim financial report, without mandating when an entity should prepare such a report. Permitting less information to be reported than in annual financial statements (on the basis of providing an update to those financial statements), the standard outlines the recognition, measurement and disclosure requirements for interim reports. IAS 34 was issued in June 1998 and is operative for periods beginning on or after 1 January 1999. History of IAS 34 Date Development Comments August 1997 Exposure Draft E57 Interim Financial Reporting published June 1999 IAS 34 Interim Financial Reporting issued Operative for financial statements covering periods beginning on or after 1 January 1999 6 May 2010 Amended by Improvements to IFRSs 2010 (significant transactions and events) Effective for annual periods beginning on or after 1 January 2011 17...
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