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Friday 18 April 2014

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Derecognition

Exposure draft and comment letters [Mar 2009]


 

Exposure draft and comment letters



The International Accounting Standards Board (IASB) published on 31 March 2009, for public comment an exposure draft of proposals to improve the derecognition requirements for financial instruments.

Derecognition is when an entity removes a financial instrument from its financial statements. This occurs if the entity no longer controls a financial asset or no longer has an obligation to settle a financial liability.


The exposure draft was open for comment until 31 July2009. The comment period is now closed. To read the comment letters click here.

Access the due process documents


Due process documents
Exposure draft:  Proposed amendments to IAS 39 and IFRS 7 [English] [PDF, 614 KB]
Exposé-sondage:  Projet de modification d’IAS 39 et d’IFRS 7  [French] [PDF, 303 KB]

Related information

Click here for a short presentation

Listen to a web presentation introducing the ED including a Q&A session:
            Session 1, AM Session 2, PM

Click here for the IASB Snapshot on the exposure draft

Click here for IASB press release on the exposure draft