The International Accounting Standards Board is asking for feedback on a proposal Monday to postpone the date when entities need to change some aspects of how they account for transactions between investors and associates or joint ventures.

The proposed postponement would apply to changes introduced by the IASB last year in narrow amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures. Those changes affect how an entity should determine any gain or loss it recognizes when assets are sold or contributed between the entity and an associate or joint venture in which it invests. The changes do not affect other aspects of how entities account for their investments in associates and joint ventures, however.

The proposed postponement would remove the current requirement to make these particular changes by 2016. Instead, entities could wait until after the IASB has carried out a broader review it plans that could result in the simplification of accounting for such transactions and of other aspects of accounting for associates and joint ventures.

The consultation is open for comment until Oct. 9, 2015.

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