Basis for Conclusions – Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement

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Dec 12, 2018

On December 12, 2018, the Accounting Standards Board (AcSB) released this document which sets out how the AcSB reached its conclusions on the Retractable or Mandatorily Redeemable Shares project, and discussions on significant matters arising from comments received and issues raised in response to its Exposure Draft.

The amendments are effective for annual financial statements beginning on or after January 1, 2020, with earlier application permitted. This would allow stakeholders a full year to adopt the revised standard.

Download the Basis for Conclusions on the AcSB's website.

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