The International Accounting Standards Board issued an amendment to the fair value option in International Accounting Standard (IAS) 39, Financial Instruments: Recognition and Measurement.The International Accounting Standards Board  An editor has expressed concern that this article or section is .Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and issued an amendment to the fair value option in International Accounting Standard (IAS) 39, Financial Instruments: Recognition and Measurement. In response to regulators' concerns that the option provision in the 2003 revisions of IAS 39 might be misused, the IASB IASB See International Accounting Standards Board (IASB). limited its application to financial instruments that meet certain conditions. The amendment takes effect January 1, 2006, with earlier application encouraged. The IASB also amended International Financial Reporting Standard (IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ) 1, First-time Adoption of International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). , and the Basis for Conclusions on IFRS 6, Exploration for and Evaluation of Mineral Resources. The amendments clarify the board's intentions regarding an exemption for companies first adopting IFRSs before January 1, 2006. Information on both amendments is available at www.iasb.org/news. |
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