Global Standards for the world economy

Sunday 30 April 2017

Banner graphic


 Staff draft of proposed standard


This staff draft contains proposals to revise the definition of discontinued operations and require additional disclosure related to individually material components of an entity that have been (or will be) disposed of. As a result of this joint project, the IASB would expect to amend IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. Similarly, the FASB would expect to amend Subtopic 205-20 Presentation of Financial Statements � Discontinued Operations of the FASB Accounting Standards Codification �.

The IASB is not formally inviting comments on the staff draft; however, it welcomes input from interested parties. The boards expect to publish an exposure draft for public comment in early 2011.


Related information

Click here for the introduction to the staff draft

Click here for the staff draft