The Accounting Standards Board (ASB) has today published for comment exposure drafts of standards that would continue the process of bringing UK accounting standards into line with proposed International Financial Reporting Standards (IFRS).
Financial Reporting Exposure Draft (FRED) 36 ‘Business Combinations (IFRS 3)’ sets out the text of IFRS 3 as amended by recent proposals from the International Accounting Standards Board (IASB); these have been developed jointly with the United States Financial Accounting Standards Board (FASB).
Three other exposure drafts have been published containing consequential amendments to UK accounting standards.
See full Press Release and access Documents.
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