Comment letter deadline on ED Proposed amendments to IFRS 3 and IFRS 11
The International Accounting Standards Board (IASB) published for public consultation proposed amendments to IFRS 3, Business Combinations and IFRS 11, Joint Arrangements. It clarifies both the definition of a business and how to account for previously held interests.
Further information about the Exposure Draft—Definition of a Business and Accounting for Previously Held Interests (Proposed Amendments to IFRS 3 and IFRS 11)—can be accessed on the IASB's Web site. The deadline for comments is October 31, 2016.