Responses to IASB Documents for Comment

IAS 41 Agriculture

Exposure Draft – Agriculture: Bearer Plants (Proposed amendments to IAS 16 and IAS 41) – June 2013

On October 28, 2013, the AcSB submitted a comment letter responding to the IASB’s Exposure Draft issued in June 2013.  The letter supports the efforts to improve the accounting for bearer biological assets.  The letter recommends that the scope of the proposed amendments be expanded and provides some other input to enhance the quality of the amendments. Read the AcSB letter posted by the IASB.