AcSB Exposure Draft – Reference to the Conceptual Framework (Proposed amendments to IFRS 3, Business Combinations)

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Jun 14, 2019

On June 14, 2019, the Ac­count­ing Stan­dards Board (AcSB) is­sued its Ex­po­sure Draft that cor­re­sponds to the IASB’s Ex­po­sure Draft on this topic. Stake­hold­ers are en­cour­aged to sub­mit their com­ments by September 27, 2019.

The IASB proposes to amend IFRS 3 to replace the reference to The Framework for

the Preparation and Presentation of Financial Statements with the revised Conceptual Framework for Financial Reporting in a way that avoid conflicts with other IFRS® Standards

For fur­ther de­tails, re­fer to the Ex­po­sure Draft on the AcSB’s web­site.

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