IAS 39/IAS 37 – Credit risk in liability measurement
Background
This project examines how an entity's own credit risk or credit standing is reflected in measuring financial liabilities. It is part of the IASB's comprehensive review of accounting issues emerging from the global financial crisis.
Current status of the project
In October 2009, the IASB decided to stop work on this project as a separate project and, instead, to consider the issues in the Conceptual Framework – Measurement project.
The IASB is also considering credit risk in its comprehensive project on financial instruments.
Project milestones
| Date | Development | Comments |
|---|---|---|
| 18 June 2009 | Discussion Paper DP/2009/2 Credit Risk in Liability Measurement published | Comment deadline 1 September 2009 |
| 18 June 2009 | Staff Paper accompanying DP/2009/2 Credit Risk in Liability Measurement published | Comment deadline 1 September 2009 |
| October 2009 | IASB discontinued the project | Issues to be considered in the measurement phase of the Conceptual Framework project |