More companies will be able to benefit from the temporary exemption from applying IFRS 9 Financial Instruments, thanks to decisions taken by the IASB this month.
The Board has responded to feedback by agreeing to broader qualifying criteria for the temporary exemption. It has also confirmed aspects of the overlay approach and amended some disclosures, which may enhance comparability between entities.
The IASB is on track to publish its final amendments to IFRS 4 Insurance Contracts in September 2016.
Find out more in this month's newsletter
© 2017 KPMG Channel Islands Limited, a Channel Islands Limited Liability Company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.
KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.