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GAAP.RUNewsASB challenges IASB over derecognition

ASB challenges IASB over derecognition

IASB approach conflicts with investor demands

Author: Pat Sweet

Publication date: 5 May 2010

The Accounting Standards Board (ASB) has criticized the International Accounting Standards Board’s (IASB) derecognition project, accusing the regulator of potential inconsistencies in its approach to handling accounting for off-balance sheet instruments.

The Accounting Standards Board (ASB) has criticized the International Accounting Standards Board’s (IASB) derecognition project, accusing the regulator of potential inconsistencies in its approach to handling accounting for off-balance sheet instruments.