ASAF Agenda Paper: Definition of a business
Sep 28, 2017
On September 28, 2017, the Accounting Standards Advisory Forum (ASAF) released a comparison between FASB Amendments and IASB tentative decisions on the definition of a business.
The agenda paper:
- compares the Board’s tentative decisions with the FASB Amendments;
- explains the main differences; and
- asks for ASAF members’ advice on the differences between the Board’s tentative decisions and the FASB Amendments.
Appendix A of this paper includes a table that shows a summary of all the Board’s tentative decisions against the FASB decisions.
Review the agenda paper on the IASB's website.