ARTICLE · 11 JANUARY 2013

IFRS News (December 2012/January 2013)

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The IASB issued an exposure draft in November 2012 proposing limited amendments to the classification and measurement model of IFRS 9 originally issued two years ago.

MaltaAccounting and Audit

Fabio Axisa

Making headway on a comprehensive financial instruments standard

The IFRS 9 project continues to lurch towards completion, although convergence with the FASB is only expected in certain areas. Tina Farington looks at where the project is today and what to expect in 2013.

The IASB issued an exposure draft in November 2012 proposing limited amendments to the classification and measurement model of IFRS 9 originally issued two years ago.

Each phase of the IFRS 9 project is now at a different stage of completion. The project is divided into three main 'phases': (1) classification and measurement, (2) impairment, and (3) general hedge accounting. Macro hedging is a separate project.

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