IASB proposes changing the effective date of IFRS 9 to 2015
On 4 August 201, the International Accounting Standards Board (IASB) proposes changing the mandatory effective date of IFRS 9 from 1 January 2011 to 1 January 2015.
The IASB has published for public comment an Exposure Draft: ED/2011/3: Amendments to IFRS 9 Financial Instruments to align the effective dates for all phases of the project (both completed and ongoing).
Please note: The proposed deferral would only change the date when IFRS 9 would be mandatory. Entities could still elect to use IFRS 9 before 2015.
The comment period of the exposure draft closes on 21 October 2011.
