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Novation of Derivatives and Continuation of Hedge Accounting Proposed amendments to IAS 39 and IFRS 9 Comments to be received by 2 April 2013 Securities and Exchange Board of India (SEMI) welcomes
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Proposed amendments to IAS refer to suggested changes or updates to the International Accounting Standards (IAS) that are being considered.
Entities that follow IAS and are affected by the proposed amendments are required to file them.
The proposed amendments to IAS can be filled out by providing the necessary information and justifications for the suggested changes.
The purpose of proposed amendments to IAS is to ensure that the accounting standards remain relevant and up-to-date with the changing business environment.
The information reported on proposed amendments to IAS typically includes the specific changes being suggested, the rationale behind the changes, and any potential impact on financial reporting.
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