Global Standards for the world economy

Friday 25 September 2020

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The IASB decide that the due process had been adequately complied with and asked the staff to begin balloting the proposals

 20 February 2015

At its meeting on 20 February 2015, the IASB reviewed the due process steps that had been taken to date in preparation for the publication of two forthcoming Exposure Drafts:

  1. Remeasurement at a plan amendment, curtailment and settlement/Availability of a refund of a surplus from a defined benefit plan (Proposed amendments to IAS 19 Employee Benefits and IFRIC 14 IAS19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction); and
  2. Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed Amendments to IFRS 10 and IAS 28 (2015)), formerly Elimination of Gains or Losses arising from Transactions between an Entity and its Associate or Joint Venture.

All IASB members confirmed that they are satisfied that the IASB has complied with the necessary due process steps to date and therefore instructed the staff to begin the balloting process for both documents. One IASB member indicated that he would dissent from the Exposure Draft described in (b) above. No IASB members indicated their intention to dissent from the publication of the Exposure Draft described in paragraph (a) above.

Next steps

The staff will start the balloting processes for the forthcoming Exposure Drafts.


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