Annual Improvements to IFRS Standards 2018–2020 - (23-05-2019)
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Introduction The Exposure Draft proposes amendments in the following Standards on below subjects:
Subject of proposed amendment
First-time Adoption of International Financial Reporting Standards Subsidiary as a first-time adopter of IFRS Standards
Financial Instruments Fees included in the ‘10 percent’ test for derecognition of financial liabilities.
Illustrative Examples accompanying IFRS 16
Leases Lease incentives
Agriculture Taxation in fair value measurements
Invitation to comment ASB invites comments on the Exposure Draft from the public. The downloadable version is available at: https://resource.cdn.icai.org/55328asb44673.pdf How to comment Comments should be submitted using one of the following methods, so as to be received not later than July 8, 2019.
Visit at the following link (Preferred method):
Comments can be sent to:
Secretary, Accounting Standards Board,
The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi 110 002 Further clarifications on this Exposure Draft may be sought by e-mail to firstname.lastname@example.org