Financial Instruments Update Project
The objective is to issue a revised IPSAS 29, Financial Instruments: Recognition and Measurement. Additional amendments to IPSAS 28, Financial Instruments: Presentation and IPSAS 30, Financial Instruments: Disclosuresare also expected, however, those amendments are limited compared to the impact on IPSAS 29.
- Jeanine Poggiolini
- Marc Wermuth
- Leona Melamed
- Jani Laakso
- Do-Jin Jung
The scope of this project is to develop updated accounting requirements for financial instruments that are substantially converged with IFRSs.
Issues the project intends to consider include (but are not necessarily limited to)
o Classification of financial assets
o The move from an incurred loss impairment model to an expected loss model
o Hedge accounting requirements
o Additional application guidance for public sector specific securitizations (where future resources from, for example, sovereign rights, taxation rights or other rights not recognized in the statement of financial position are securitized)