Consultation of financial instruments
28 Mar 08
The International Accounting Standards Board is seeking comment on a discussion paper on the distinction between equity financial instruments and others (non-equity instruments).
The International Accounting Standards Board is seeking comment on a discussion paper on the distinction between equity financial instruments and others (non-equity instruments).
The paper is the first stage of the IASB’s project to improve and simplify the requirements in IAS 32 Financial Instruments: Presentation.
The project is a modified joint project between the IASB and the US Financial Accounting Standards Board.
The discussion paper seeks the views of interested parties on whether the FASB document is a suitable starting point for the IASB’s deliberations, by 5 September.
IFRS REVIEW
The IASB Fair Value Measurement project team has begun reviewing fair value measurements in international financial reporting standards IFRSs to assess whether each standard’s use of a fair value measurement basis was intended to be an exit price.