Responses to IASB Documents for Comment
IFRS 2 Share-based Payment
Exposure Draft – Classification and Measurement of Share-based Payment Transactions (Proposed amendments to IFRS 2) – November 2014
On March 26, 2015, the AcSB submitted a comment letter responding to the IASB’s Exposure Draft issued in November 2014. Overall, the letter supports the IASB’s proposals. However, the AcSB recommended that certain of the proposals provide additional clarification, be expanded to include guidance for other share-based payment modification transactions and be amended to reflect that changes to the fair value of a modified share-based payment liability may relate to a future service period and that the immediate recognition of this incremental change in profit and loss may not be appropriate when there are further vesting conditions. Read the AcSB letter posted by the IASB.