AASB requests comments on the effective date of IFRS 9
09 Aug 2011
The Australian Accounting Standards Board (AASB) has issued Exposure Draft ED 215 'Mandatory Effective Date of IFRS 9', incorporating IASB ED/2011/3. ED 215 proposes amendments to AASB 9 'Financial Instruments', issued in December 2009 and December 2010, to propose changing the mandatory effective date to annual periods beginning on or after 1 January 2015, rather than annual periods beginning on or after 1 January 2013. Early application of both would continue to be permitted.
More information about the proposals can be found in our Financial Instruments – Effective Date of IFRS 9 page.
Comments on ED 215 are due to the AASB by 7 October 2011 , with comments to the IASB on its exposure draft closing on 21 October 2011. Click for AASB announcement (link to AASB website).
