The Institute of Chartered Accountants of India
(Setup by an Act of Parliament)
(Setup by an Act of Parliament)
The objective of the Exposure Draft is to propose amendments to IPSAS 40, Public Sector Combinations to align with amendments to IFRS 3 Business Combinations arising from Definition of a Business (Amendments to IFRS 3) and Reference to the Conceptual Framework (Amendments to IFRS 3) issued by the International Accounting Standards Board.
The Exposure Draft is open for comment until 19th June, 2026
| Due process documents |
| Exposure Draft 96 Definition of an Operation and Recognition of Acquired Liabilities and Contingent Liabilities (Amendments to IPSAS 40) [PDF] |