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ASAF Agenda Paper: Definition of a business

  • IFRS - ASAF Image

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:

  1. compares the Board’s tentative decisions with the FASB Amendments;
  2. explains the main differences; and
  3. 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.

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