The International Accounting Standards Board has just published the proposed amendments to IFRS 10, Consolidated Financial Statements, for public comment. The proposed amendments seek to clarify “when an entity needs to apply IFRS 10 retrospectively,” according to an IASB release. The proposals should also “allay the concerns of some who thought that the transition provisions were more burdensome than originally intended.” The board hopes to align the effective date of the proposed amendments with the effective date of IFRS 10; public comments are due by March 21. For more information, visit the Comment on a Proposal section of the IASB/IFRS website.