Beyond the GAAP no.185 - february 2024
Last November, we reported the publication of an IASB exposure draft of proposed amendments to IAS 32, IFRS 7 and IFRS 1 on the classification of financial instruments with characteristics of equity (“FICE”).
In this issue, we present the IASB's proposals on three of the topics covered by these amendments:
1) how to account for rights and obligations arising from legal or regulatory requirements,
2) instruments that are settled in the entity's own equity instruments, and
3) obligations requiring the entity to purchase its own equity instruments (including puts on non-controlling interests).
In this issue, we present the IASB's proposals on three of the topics covered by these amendments:
1) how to account for rights and obligations arising from legal or regulatory requirements,
2) instruments that are settled in the entity's own equity instruments, and
3) obligations requiring the entity to purchase its own equity instruments (including puts on non-controlling interests).
IFRS highlights:
- IASB deliberations on draft amendments to IFRS 9 and IFRS 7.
- First IASB deliberations on the post-implementation review of IFRS 9, Phase 2 – Impairment.
- EFRAG launches two consultations ahead of the IFRS 16 PiR.
The disclosures presented are not exhaustive as the IASB publications and its advisory bodies but intend to emphasize the main highlights.
We hope that this Mazars Newsletter will be useful, according to the reality and needs of each one, and enables to alert readers to the topics mentioned.