IASB addresses 'counter-intuitive' effects of fair Value measurement of financial liabilities.

• Position: IRS NEWS - International Accounting Standards Board - Brief article

The International Accounting Standards Board has published for public comment its proposed changes to the accounting for financial liabilities. The proposal follows work already completed on the classification and measurement of financial assets (IFRS 9 Financial Instruments).

The IASB is proposing limited changes to the accounting for liabilities, with changes to the fair value option. The proposals respond to the view expressed by many investors and others in the extensive consultations...