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IASB meeting summaries

 IASB April 2009



The Board discussed responses to the ED Discontinued Operations (proposed amendments to IFRS 5). The Board decided to explore the possibility of eliminating the requirement to present discontinued operations in the statement of comprehensive income except for businesses that meet the criteria to be classified as held for sale on acquisition.

This information would be presented in the notes accompanying the financial statements. The Board instructed the staff to seek additional input from users and preparers for their views on this alternative.

Date: 4/22/2009