IFRS 11 — Acquisition of an Interest in a Joint Operation
Date recorded:
The project manager provided background of the paper explaining that it contains a summary of the proposed amendments and that the changes introduced to the existing standard are not fundamental
A tentative decision was made that the effective date be 1 January 2015. The IASB concluded that due process had been followed and that re-exposure was not necessary.
The IASB confirmed that the amendment would be issued in Q1 2014.