IAS Plus newsletter - IAS Plus Quarterly Newsletter Asia-Pacific Edition

Published on: 22 Jul 2005

IASB issues final IAS 39 fair value option amendment

The IASB has amended IAS 39 and Measurement financial asset or any financial liability to be measured at fair value through profit and loss (the ‘fair value option’). The IASB developed this amendment after commentators, particularly prudential supervisors of banks, securities companies, and insurers, raised concerns that the fair value option contained in the 2003 revisions of IAS 39 might be used inappropriately. The new revisions limit the use of the option to those financial instruments that meet certain conditions.


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