IAS Plus newsletter — Proposed amendments regarding discontinued operations (IFRS 5)
Published on:
12 Oct 2008
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In September 2008, the International Accounting Standards Board (IASB) published for public comment an Exposure Draft (ED) of proposed amendments to IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.
The ED was issued simultaneously with a proposed amendment to the equivalent US standard SFAS 144 Accounting for the Impairment or Disposal of Long-Lived Assets. The ED is the result of a limited review of IFRS 5 and proposes to revise the definition of discontinued operations and to require additional disclosures regarding components of an entity that have been or will be disposed of.
