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
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