Global Standards for the world economy

Tuesday 02 June 2020

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Discontinued operations

Discontinued operations (Paused)

Project milestones


About the project

This project is paused until the IASB concludes its ongoing deliberations about its future work plan (visit the Agenda consultation project page for more information).

The objective of this project is to develop, jointly with the FASB, a common definition of discontinued operations, and to require common disclosures related to disposals of components of an entity. As a result of this joint project, the IASB expects to amend IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, and the FASB expects to amend Subtopic 205-20 Presentation of Financial Statements – Discontinued Operations of the FASB Accounting Standards Codification™.

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Project news

29 March 2011 The IASB discussed the timing for the publication of the exposure draft

9 July 2010 The IASB posts a staff draft of proposed standard

24 June 2010  Revised strategy for discontinued operations

Last IASB meeting update

29 March 2011

The Board tentatively decided that the proposed changes to discontinued operations do not meet the criteria for inclusion in the Annual Improvements Process. The Board also tentatively decided that it would not publish any exposure draft to amend IFRS 5 before the third quarter of 2011.

Read the full meeting update and all previous updates and observer notes for this project.

Click here to listen to the IASB meeting audio playback.

Next discussion by the IASB

If and how the IASB will continue this project will depend on the outcome of the IASB's agenda consultation.


Page last updated: 2 June 2011

Related information

Click here for the full project update in PDF format


Project contacts

Nobu Kawanishi
FASB International Fellow


Fabienne Colignon
IASB Practice Fellow


Holger Obst
IASB Technical Manager