IASB proposes changing the effective date of IFRS 9

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03 Aug 2011

Today, the International Accounting Standards Board (IASB) published an exposure draft proposing to push back the mandatory effective date of IFRS 9 'Financial Instruments' from 1 January 2013 to 1 January 2015.

The Board seeks to align the effective dates for all phases of the project (both completed and ongoing). The proposed deferral would only change the date when IFRS 9 would be mandatory. Entities could still elect to use IFRS 9 Financial Instruments before 2015.

Comments on the exposure draft are due on 21 October 2011.

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