I. EXPOSURE DRAFT
1. RISK MITIGATION ACCOUNTING-PROPOSED AMENDMENTS TO IFRS 9 AND IFRS 7
The Exposure Draft sets out the proposed amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. The IASB is proposing:
- to add a risk mitigation accounting model for companies managing repricing risk on a net basis; and
- to require a company to disclose its strategy for managing repricing risk and the effects of its risk management activities.
The IASB is also seeking feedback on the proposed withdrawal of IAS 39 Financial Instruments: Recognition and Measurement.
Public comments submission last date:
May 22, 2026.
Download the Exposure Draft: https://resource.cdn.icai.org/90018asb-aps3657-1.pdf
Submit Comments:
II. ICAI ANNOUNCEMENTS
1. PEER REVIEW PHASE IV EXTENSION
The Peer Review Board of the Institute of Chartered Accountants of India has announced a deferment of Phase IV of the Peer Review mandate, originally effective from 1 January 2026, to now be applicable from 31 December 2026. This extension applies to pr
