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