UKEB publishes its final comment letter and feedback statement on the IASB’s ED on Financial Instruments with Characteristics of Equity: Proposed Amendments to IAS 32, IFRS 7 and IAS 1
07 Apr, 2024
The UK Endorsement Board (UKEB) has published its final comment letter and feedback statement relating to the International Accounting Standards Board's (IASB's) Exposure Draft (ED) 2023/5 'Financial Instruments with Characteristics of Equity: Proposed amendments to IAS 32, IFRS 7 and IAS 1' ("the Amendments").
ED/2023/5 was published by the IASB in November 2023.
The UKEB supports the IASB’s objectives in developing the Amendments and is broadly supportive of the proposals. Whilst supporting the proposals in the ED, the UKEB highlights the importance of providing clarity and minimising the risk of diversity in accounting practice in this complex area. As such, the final comment letter sets out a number of observations and recommendations to enhance the proposals which have been identified from analysis and outreach with stakeholders.
The final comment letter and feedback statement are available on the UKEB website.
