The International Accounting Standards Board (IASB) published the Exposure Draft Financial Instruments with Characteristics of Equity. The IASB has proposed amendments to address the existing challenges in companies’ financial reporting on financial instruments with characteristics of equity.
The proposals in the Exposure Draft would amend IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures, and IAS 1 Presentation of Financial Statements.
The proposals include:
The IASB met on 20 May 2024 to discuss a summary of stakeholder feedback on the Exposure Draft Financial Instruments with Characteristics of Equity, which proposed amendments to IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures and IAS 1 Presentation of Financial Statements.
The IASB was not asked to make any decisions.
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International Accounting Standards Board May 2024