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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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Who needs proposed amendments to ias?
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Companies listed on stock exchanges that follow International Accounting Standards (IAS)
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Auditors and accounting professionals who deal with IAS-compliant financial statements
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Financial regulators and standard-setting bodies
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Investors and stakeholders who rely on accurate financial reporting
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Companies preparing for initial public offerings (IPOs) or mergers and acquisitions (M&A)
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Organizations that want to ensure compliance with global accounting standards
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What is proposed amendments to ias?
Proposed amendments to IAS refer to suggested changes or updates to the International Accounting Standards (IAS) that are being considered.
Who is required to file proposed amendments to ias?
Entities that follow IAS and are affected by the proposed amendments are required to file them.
How to fill out proposed amendments to ias?
The proposed amendments to IAS can be filled out by providing the necessary information and justifications for the suggested changes.
What is the purpose of proposed amendments to ias?
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.
What information must be reported on proposed amendments to ias?
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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