IASB issues proposals on bearer plants that will affect the South African wine industry

The International Accounting Standards Board (IASB) yesterday published, for public comment, an Exposure Draft of proposals to include bearer plants within the scope of IAS 16┬áProperty, Plant and Equipment. It seems that it is no longer just labour unrest and wage negotiations that will be bring unrest to the majestic vines of the South African Cape but now also the …

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