Exposure draft and Comment letters
On 20 October 2011 the International Accounting Standards Board (IASB) today published for public comment a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards.
The International Accounting Standards Board (IASB) The proposed amendment sets out how a first-time adopter would account for a government loan with a below-market rate of interest when they transition to IFRSs.
Comment letter deadline
The comment letter deadline is 5 January 2012.
Click here to read the comment letters.