Responses to IASB Documents for Comment

IAS 40 Investment Property

Exposure Draft – Transfers of Investment Property (Proposed amendment to IAS 40) – November 2015

On March 16, 2016, the AcSB submitted a comment letter responding to the IASB’s Exposure Draft issued in November 2015. The letter supports the proposed narrow-scope amendment and transition provisions. The letter suggests that the description of the IASB’s rationale for the requirement to apply the amendment retrospectively be revised slightly in order to avoid possible confusion.  Read the AcSB letter posted by the IASB.