Australia

Details

  • Service: Audit, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 4/03/2013

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Continuing hedge accounting after derivative novations (2013/02) 

The proposed amendments to IAS 39/IFRS 9 recommend a limited exception to require an existing hedging relationship to continue if a novation occurs.