The Exposure Draft proposes amendments in the following Standards on below subjects:
||Subject of proposed amendment
|IFRS 1 First-time Adoption of International Financial Reporting Standards
||Subsidiary as a first-time adopter of IFRS Standards
|IFRS 9 Financial Instruments
||Fees included in the ‘10 percent’ test for derecognition of financial liabilities.
|Illustrative Examples accompanying IFRS 16 Leases
|IAS 41 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.