IASB July 2011

The IASB discussed whether the mandatory effective date of IFRS 9 should be changed from annual periods beginning on or after 1 January 2013. The Board tentatively decided that:

1. the mandatory effective date of IFRS 9 should be changed to annual periods beginning on or after 1 January 2015,
2. early application should continue to be permitted, and
3. they supported the staff recommendation that an exposure draft should be issued with a comment period of a minimum of 60 days.