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IASB Update – May 2015 - Transfer of Investment Property

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May 27, 2015

On May 27, 2015, the International Accounting Standards Board released a summary of its meeting held on May 18-20, 2015, the IASB met at its offices in London, UK.

On May 19, 2015, the IASB reviewed the due process steps that had been taken to date in preparation for the publication of an Exposure Draft that proposes a narrow scope amendment to IAS 40, Investment Property.

All the twelve IASB members present at the meeting confirmed that they (i) do not intend to dissent from the publication of the proposed narrow scope amendment to IAS 40; (ii) agree with the proposed comment period of 120 days; and (iii) are satisfied that the IASB has completed all of the necessary due process steps on the project to date.

Review the IASB Update.

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