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