Having considered the comments received, the Interpretations Committee recommended that the IASB should finalise the proposed amendment to paragraph 2(a) of IFRS 3. Specifically, the Interpretations Committee recommended that the proposed amendment should confirm that:
- the formation of all types of joint arrangements as defined in IFRS 11 is excluded from the scope of IFRS 3, and
- the scope exception only applies to the accounting in the financial statements of the joint arrangement itself.
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