The definitions of asset and liability have been changed. The full revised version of IASB’s Conceptual Framework.

In March 2018, the IASB published a revised full version of the Conceptual Framework for Financial Reporting. During a CPD workshop for AAAA members held on February 5, 2019 by Mr. Artur Harutyunyan, Managing Director of AN Audit CJSC, the revised key concepts were discussed, in particular, the definitions of asset and liability.