ISDA's Comment Letter on the IASB's Request for Views on "Effective Dates and Transition Methods”
ISDA's Accounting Policy Committee has published a comment letter on the IASB's Request for Views on Effective Dates and Transition Methods. ISDA's main points are (1) a preference for a single mandatory date for adoption of the standards described in the Request for Views; (2) the mandatory date of adoption should be no earlier than January 1, 2015, (3) entities should have the ability to adopt standards earlier if they have the ability to do so and (4) the exemption from restating comparative information should be extended to all entities that adopt a standard prior to the mandatory date.
Date
January 31, 2011
Cross References
IFRS 9, IFRS 4