Public sector standards body focuses on financial instruments
29 Jun 09
The IPSASB of IFAC has reaffirmed its commitment to its global convergence programme and the development of standards dealing with financial instruments
The IPSASB confirmed that it will continue its full consultation on exposure drafts ED 37 Financial Instruments: Presentation; ED 38 Financial Instruments: Recognition and Measurement; and ED 39: Financial Instruments: Disclosures, while recognising the intention of the International Accounting Standards Board to modify aspects of its current standards relating to the measurement of financial instruments.
The IPSASB will consider any changes ultimately adopted by the IASB in due course, said Mike Hathorn, chair of the IPSASB.
Comments on EDs 37–39 are requested by 31 July, 2009.