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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.