IBOR reform – Phase 2
On 26 September 2019, the IASB concluded Phase 1 of the project by publishing amendments to IFRS 9, IAS 39 and IFRS 7, and has now commenced work on Phase 2.
Keywords: Mazars, Thailand, IFRS, IBOR, ASAF, IASB, IFRS 7, IFRS 9, IAS 39
18 December 2019
Phase 2 will address the accounting impacts raised by the replacement of interest rate benchmarks at the replacement date. The IASB has published several documents on this subject, setting out the work that it will undertake over the coming months:
- Papers discussed at the Board meeting on 22-23 October 2019
- Documents discussed at the ASAF meeting on 3 October 2019