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The IASB tentatively decided on the next steps for the unresolved IFRS 5-related issues

 14 July 2015


Next steps for a series of issues relating to IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (Agenda Paper 12C)

The IASB considered various IFRS 5 issues that the IFRS Interpretations Committee (the ╦ťInterpretations Committee) has discussed but has not yet resolved, and discussed what further work would be appropriate.

The IASB decided that the issues should be divided into those that could be considered in the short term and those that could be considered in the medium to longer term. For the medium- to longer-term issues, the IASB tentatively decided to include a reference to the IFRS 5 concerns raised by the Interpretations Committee in the Request for Views for the forthcoming Agenda Consultation.

All IASB members agreed with these decisions.

For the short-term issues, the IASB decided that Issues 5 and 9 in Agenda Paper 12C should be referred to the Interpretations Committee for possible agenda decisions. Issue 11 in Agenda Paper 12C was considered separately through the discussion of Agenda Paper 12D.

Eleven IASB members agreed with this decision and three IASB members disagreed.

Next steps

The issues identified for possible agenda decisions will be discussed by the Interpretations Committee at its next meeting. The Request for Views that will be issued as part of the forthcoming Agenda Consultation will include a reference to the IFRS 5 concerns raised by the Interpretations Committee.



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