IFRS 9: A Complete Package for Investors
24 July 2014
Sue Lloyd, a member of the IASB, discusses the new accounting standard for financial instruments.
This month the IASB finalised its project to improve the accounting for financial instruments with the publication of IFRS 9 Financial Instruments (2014) (IFRS 9 or the Standard). IFRS 9 completes our main response to the global financial crisis and brings together all aspects of the accounting for financial instruments—classification and measurement, impairment and hedge accounting. Together with these changes, information about financial instruments is enhanced by an accompanying package of improved disclosures.
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