IFRIC 9 — Scope of IFRIC 9 and revised IFRS 3
Background
In January 2009, the IASB agreed to amend paragraph 5 of IFRIC 9 Reassessment of Embedded Derivatives to clarify that the scope of IFRIC 9 excludes contracts with embedded derivatives acquired in a combination between entities under common control or in the formation of a joint venture.
Current status of the project
This project has been completed. After initially being exposed in a separate exposure draft (along with the amendments to IFRIC 16), an amendment to IFRIC 9 was included in Improvements to IFRSs, issued on 16 April 2009.
Project milestones
Date | Development | Comments |
---|---|---|
January 2009 | Added to the IASB's agenda | |
30 January 2009 | Exposure Draft ED/2009/1 Post-implementation Revisions to IFRIC Interpretations (Proposed amendments to IFRIC 9 and IFRIC 16) published | Comment deadline 3 March 2009 |
16 April 2009 | Improvements to IFRSs issued | Amendments to IFRIC 9 effective for annual periods beginning on or after 1 July 2009 |