AcSB Exposure Draft – Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)

The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. As reported by The Standard. Stakeholders are encouraged to submit their comments by May 24, 2017.

Respondents are asked to email their comment letters (in a Word file) to: Please address your comments to:

Rebecca Villmann, CPA, CA,  CPA (Illinois) Director, Accounting Standards Accounting Standards Board 277 Wellington Street West Toronto, Ontario  M5V 3H2

This Exposure Draft reflects proposals made by the International Accounting Standards Board that the Accounting Standards Board (AcSB) intends to adopt, subject to deliberating comments received, as Canadian generally accepted accounting principles.
Individuals and organizations are invited to send written comments on the Exposure Draft proposals. Comments are requested from those who agree with the Exposure Draft as well as from those who do not.
Comments are most helpful if they are related to a specific paragraph or group of paragraphs. Any comments that express disagreement with the proposals in the Exposure Draft should clearly explain the problem and include a suggested alternative, supported by specific reasoning. All comments received by the AcSB will be available on the web site shortly after the comment deadline, unless confidentiality

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