IASB proposes revised definition of discontinued operations

  • IASB Exposure Draft (original) Image

25 Sep 2008

The IASB has issued an exposure draft of proposed amendments to IFRS 5 'Non-current Assets Held for Sale and Discontinued Operations'.

The proposals are to revise the definition of discontinued operations and require additional disclosure about components of an entity that have been disposed of or are classified as held for sale. The proposals are the result of a joint project by the IASB and the US Financial Accounting Standards Board to develop a common definition of discontinued operations and require common disclosures about them. The FASB is publishing parallel proposals to amend its standards.

Click for Press Release (PDF 35k). The deadline for public comment is 23 January 2009. The ED may be downloaded without charge from IASB's Website.


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