3. December 2015

EU published amendments to IAS 16 and IAS 38

The European Union has published the Commission Regulation (EC) No 2015/2231 of 2 December 2015 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 3 December 2015.

With this Regulation amendments to IAS 16 (Property, Plant and Equipment) and IAS 38 (Intangible Assets) Clarification of Acceptable Methods of Depreciation and Amortisation adopted.