View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 18, 2011

AASB consults on potential IFRS 3 and IAS 38 improvements

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.



NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to International Accounting Bulletin