Amendments to the Classification and Measurement of Financial Instruments – International Accounting Standards Board
Date recorded:
At its meeting on November 22-24, 2022, the IASB met to discuss proposed amendments to IFRS 9 and IFRS 7 relating to (i) contractually linked instruments and (ii) accounting policy choice for derecognition of financial liabilities. Following a discussion, the IASB made tentative decisions in respect of both of these items. With respect to due process, the IASB members confirmed they were satisfied the IASB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the Exposure Draft. The IASB plans to issue the Exposure Draft in Q2/2023.
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