| The International Accounting Standards Board (IASB) has issued Exposure Draft on Relationships with the State: Proposed Amendments to IAS 24 with the objective to exempt an entity from disclosing transactions with the state as well as other state-controlled entities, regardless of whether influence actually exists in such relationships. However, the proposal would require an entity to disclose information necessary to draw attention to such transactions. |
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| Invitation to comments |
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| ASB invites comments on the said Draft from the public. The downloadable version of the draft is available at http://www.iasb.org/NR/rdonlyres/601CCCB0-4C4F-4DEB-8F0C-C539A0A4F3C7/0/EDIAS24_1208.pdf. Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording. |
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| Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than January 30, 2009. Comments can also be sent by e-mail at tdte[at]icai[dot]org or edcommentsasb[at]icai[dot]org. |
