Technical Update (TT JulAug05 p42-43)

A new IAS 39? Time for a radical rethink
Sir David Tweedie, Chairman of the International Accounting Standards Board (IASB), addressing The Treasurers’ Conference in May, specifically asked for views from treasurers and the ACT on how one might devise a new form of standard for financial instruments to replace IAS 39 Financial Instruments: Recognition and Measurement.