The International Accounting Standards Board (IASB) has issued a collection of narrow-scope amendments to IFRS Standards. The collection includes amendments to three Standards as well as Annual Improvements to IFRS Standards, which addresses non-urgent (but necessary) minor amendments to four standards.

The Amendments issued are as follows:

• Reference to the Conceptual Framework (Amendments to IFRS 3)

• Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16)

• Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37)

• Annual Improvements to IFRS Standards 2018-2020 cycle