CONCERNS RAISED OVER IAS 39 FINANCIAL INSTRUMENT CHANGES

摘要

Preparers, users and auditors of UK company accounts have voiced concerns over the International Accounting Standards Board's proposals on accounting for financial instruments.rnAt a meeting organised by the UK's Accounting Standards Board, the group said the treatment of financial instrumentsrnshould be changed if the business model changed, rather than reclassified according to 'management intent'.rnThe group also raised concerns over the loss of the 'available for sale' category pending the outcome of projects on insurance accounting and financial statement presentation.