Close
Close

Comment: Definition of a business and accounting for previously held interests

Grant Thornton International Ltd is pleased to comment on Exposure Draft ED/2016/1 Definition of a Business and Accounting for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11) issued by the International Accounting Standards Board (the Board).  We have considered the ED, as well as the accompanying draft Basis for Conclusions.

We agree with the proposed amendments, subject only to the comments set out in our response to the ED's Invitation to Comment in the attached Appendix.