The Australian Accounting Standards Board
(AASB) has issued a consultation to identify any improvements that
could be made to the principles in IFRS 3 Business Combinations and
IAS 38 Intangible Assets.

The AASB said it is
gathering information for the purposes of a post-implementation
review of the principles.

The questionnaire seeks
information on participants experiences in using information
prepared in accordance with particular aspects of the original
version of IFRS 3 and revised version of IFRS 3 or similar
GAAP.

The consultations
follows a recent AASB staff research questionnaire for preparers,
advisors, auditors and regulators on the initial accounting for
intangible assets acquired in business combinations under IFRS 3
and IAS 38.

The deadline to complete
the questionnaire, which is intended for users of financial
statements, is 15 December.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData