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Final stage

The objective of the project was to develop, jointly with the US Financial Accounting Standards Board, a common definition of discontinued operations, and to require common disclosures related to disposals of components of an entity.

The two boards each published exposure drafts in September 2008. After considering the feedback, the boards decided to adopt a common definition of a discontinued operation based on the current definition in IFRS 5. However, the Board did not publish any proposals in this respect.

The Board decided after the 2015 Agenda Consultation to carry out a Post-implementation Review of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.