July 2009 IFRS News

The third edition of 2009 leads with the publication of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs).  It then looks at the IASB’s plans to develop a replacement for IAS 39, its current standard dealing with the recognition and measurement of financial instruments. The IASB’s ultimate aim is to replace all of the requirements of IAS 39 during 2010, so there have been a number of developments in the last quarter.  This edition of IFRS News also includes changes made to Standards in the last quarter as a result of the crisis as well as some more general developments that have taken place.