We are pleased to submit this comment letter on the International Accounting Standards Board’s (the Board) exposure draft of Proposed Amendments to International Financial Reporting Standards (IFRS) 5 Non-Current Assets Held for Sale and Discontinued Operations.
We are submitting these comments on behalf of the Real Estate Equity Securitization Alliance (the Alliance), which includes the following real estate organizations:
Association for Real Estate Securitization (ARES) (Japan)
Asian Public Real Estate Association (APREA)
British Property Federation (BPF)
European Public Real Estate Association (EPRA)
National Association of Real Estate Investment Trusts (NAREIT)® (U.S.)
Property Council of Australia (PCA)
Real Property Association of Canada (REALpac)
Members of the organizations identified above would be pleased to meet with the Board or its staff to discuss any questions regarding our comments.
The Alliance has also responded separately to the Financial Accounting Standards Board’s (FASB) proposed Staff Position 144-d that would amend Statement of Financial Accounting Standards No.144 (FAS 144), Accounting for the Impairment or Disposition of Long-Lived Assets (the Proposal).
A copy of this response in attached to this letter.