Comments sought on exposure drafts

At BDO, we provide comments locally to the Australian Accounting Standards Board (AASB) and internationally to the International Accounting Standards Board (IASB). We welcome any client comments on exposure drafts that are currently available for comment. If you would like to provide any comments please contact Wayne Basford at



Comments due to AASB by

Comments due to IASB by

ED Fatal Flaw Drafts Income of Not-for-Profit Entities (AASB 10XX and AASB 2016-X)

Proposes to clarify and simplify the income recognition requirements for not-for-profit entities.

21 October 2016


ED 275 Definition of a Business and Accounting for Previously Held Interests

Proposes to amend AASB 3 Business Combinations and AASB 11 Joint Arrangements to clarify:

  • The definition of a business, and
  • Accounting for previously held interests when an entity obtains control of a business that is a joint operation, and when it obtains joint control of a business that is a joint operation

23 September 2016

31 October 2016