The Accounting Standards Board (ASB) has today issued an amendment to FRS 26 ‘Financial Instruments: Measurement’ with the aim of keeping the text of the UK Standard in line with that of the International Standard IAS 39 as part of the ASB’s strategy for convergence with International Financial Reporting Standards (IFRS).
The amendment has the effect of implementing in full in FRS 26 the following amendments to IAS 39:
See full Press Release.
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