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AcSB response – Deferred tax related to assets and liabilities arising from a single transaction (Amendments to IAS 12)

  • IFRS - AcSB Image

Dec 12, 2019

On December 12, 2019, the Accounting Standards Board's (AcSB) comment letter on the International Accounting Standards Board's (IASB) Exposure Draft issued in July 2019, was published by the IASB. The letter agrees with the intent of the proposals, but recommends that the drafting of the amendments should be revised to better communicate the guidance to stakeholders.

Due to the complexity of this topic, the AcSB also recommends that illustrative examples be provided in IAS 12 to demonstrate the application of the proposed guidance.

Review the letter on the IASB's website.

Correction list for hyphenation

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