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27. September 2019
The ASCG today sent it’s comment letter on the IASB draft ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3) to the IASB.
In this letter, the ASCG supports the amendments proposed by the IASB:
The ASCG regards this pragmatic approach chosen by the IASB to be an appropriate temporary solution. In the longer term the ASCG considers it necessary to align the liability definition in IAS 37 (including IFRIC 21) with that in the 2018 Conceptual Framework. Hence, the ASCG welcomes that the IASB has taken a project on provisions to its work plan.