Global Standards for the world economy

Saturday 05 December 2020

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Financial Instruments Working Group

Financial Instruments Working Group


The Financial Instruments Working Group will help the IASB to take a fresh look at the accounting standard IAS 39 Financial Instruments: Recognition and Measurement by examining and questioning the fundamentals of the standard within the context of the IASB's Framework.

The review will therefore focus on improving, simplifying and ultimately replacing IAS 39, and will examine broader questions on the application and extent of fair value accounting, a topic on which the IASB has not reached any conclusion.

Although any major revision of IAS 39 may take several years to complete, the IASB is willing to revise the standard in the short term if any immediate solutions emerge from the working group's discussions.

Past meetings


A meeting was held in London on  5 August 2011 

A meeting was held in London on 9 December 2009.

A meeting was held in London on 9 September 2009 to discuss the exposure draft Financial Instruments: Classification and Measurement.

  • To access a recording from this meeting, click here.



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