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Analysis Of The Constituents’ Participation In The Development Of The 1st Phase Of Ifrs 9 Financial Instruments

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  • HUIAN MARIA CARMEN

    (UNIVERSITATEA AL. I .CUZA IASI, FACULTATEA DE ECONOMIE ŞI ADMINISTRAREA AFACERILOR)

Abstract

The paper examines the level of involvement of all major stakeholder groups in the development of IFRS 9 Financial Instruments – Phase 1 through the submission of comment letters on the ED/2009/7 and also their level of support/opposition for the aforementioned ED. In addition, it keeps track of the degree in which the respondents’ concerns and complaints were integrated in the final standard. The findings confirmed the ever-growing interest in the subject of accounting for financial instruments. The huge number of comment letters submitted by all stakeholder interest groups from all over the world highlighted that fact. Europeans, financial institutions and their trade associations (users) reacted the most by sending the largest number of letters. Content analysis of the comment letters analyzed in this paper revealed split views over the ED between supporters and opponents. All respondents disapproved the proposals to a certain extent (with higher level of disagreement from financial institutions and Europeans), but they also displayed strong and widespread support for certain proposals/questions. Moreover, there was a satisfactory level of integration of the respondents’ opinions and positions in the final version of IFRS 9.

Suggested Citation

  • Huian Maria Carmen, 2013. "Analysis Of The Constituents’ Participation In The Development Of The 1st Phase Of Ifrs 9 Financial Instruments," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 209-216, February.
    • Handle: RePEc:cbu:jrnlec:y:2013:v:1:p:209-216
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    References listed on IDEAS

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    Cited by:

    1. Denis Cormier & Charlotte Beauchamp, 2016. "Le rôle des acteurs dans la normalisation comptable internationale : Le cas de la norme IFRS 9," Post-Print hal-01902328, HAL.
    2. Maria Carmen HUIAN, 2015. "Impact Of The Ifrs Adoption On Financial Assets And Liabilities. Empirical Evidence From Bucharest Stock Exchange," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 16, pages 69-90, December.

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