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Press Release: Global treasurers unclear about impact of IFRS 9

New standard on measuring financial instruments goes into effect in Europe in 2013

By Other Sources | Updated on February 27, 2011

New research has shown that many corporate treasurers are uncertain about the relevance and implications of new global accounting standards to their treasury operations.

According to the research, undertaken by IT2 Treasury Solutions, a leading provider of treasury management software to corporate treasuries and financial institutions, just 52% of the responding corporate treasurers reported that they were aware of the content and impact of impending changes in IFRS. In Europe, IFRS 9, the standard for classifying and measuring financial instruments which was released in November 2009, will apply to accounting periods beginning on or after 1 January 2013.

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