IFRS 9 debate illustrates divide between EC, IASB

01/18/2010 | WebCPA

Debate over IFRS 9 is focused largely on whether to fair value or amortized cost measurement should be applied to specific financial instruments. "Of further concern is that different member states appear to articulate their discomfort with IFRS 9 based on idiosyncratic, country-specific reasons," writes Vincent Papa. "We hope this [European Commission] recent deferral decision does not further contribute to multiple member states seemingly picking and choosing which standards or issues to block."

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