NZASB Meeting 17 December 2020
Here is a summary of the main matters considered in the public sessions.
Business Combinations—Disclosures, Goodwill and Impairment
The Board considered and approved its draft comment letter to the IASB on Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment (subject to the changes agreed at the meeting).
Business Combinations under Common Control
The Board received an education session on the IASB Discussion Paper DP/2020/2 Business Combinations under Common Control, which was published by the IASB on 30 November 2020.
The Board agreed to comment on the DP. Comments are due to the NZASB by 1 June 2021 and to the IASB by 1 September 2021.
Editorial corrections to NZ IFRS
The Board approved editorial corrections to NZ IFRS 7 Financial Instruments: Disclosures and NZ IAS 34 Interim Financial Reporting.
Next NZASB meeting
Thursday 11 February and Friday 12 February 2021 in Wellington.
This meeting summary refers to the work of the International Accounting Standards Board (IASB) and the International Public Sector Accounting Standards Board (IPSASB) and uses registered trademarks of the IFRS Foundation (for example, IFRS® Standards, IFRIC® Interpretations and IASB® papers).
Date And Time
- By video conference
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