AcSB Exposure Draft – Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)
May 13, 2019
On May 13, 2019, the Accounting Standards Board (AcSB) issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Comments are requested by June 17, 2019.
The AcSB would like input from Canadian respondents on the following additional question regarding the proposed amendments:
The IASB has developed the proposed amendments in accordance with its due process for application around the world. Assuming the Exposure Draft proposals are finalized and approved by the IASB in accordance with its due process, do you think that the proposals are appropriate for application in Canada? If not, please specify which aspects of the proposals, and what
circumstances, make the accounting requirements proposed in the Exposure Draft inappropriate.
Review the press release and Exposure Draft on the AcSB's website.