IASB warns over early adoption of IFRS9
Wednesday 6 October 2010 - by Andrew Hickley
The International Accounting Standards Board has warned that companies which choose to adopt IFRS 9 principles early could face problems over comparability.
Firms are allowed to take up IFRS 9 principles before the agreed deadline of 1 January 2013.
IASB board members questioned whether companies that choose to adopt IFRS 9 before the mandatory deadline must adopt all finalised requirements of the directive that they do not already apply. The consensus was reached that they should.
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