• IASB adds phase two of its project on IBOR to the work plan

IASB adds phase two of its project on IBOR to the work plan

19 August 2019

The International Accounting Standards Board (Board) has added the second phase of its project focused on potential financial reporting implications linked to the interest rate benchmark reform—IBOR reform—to its work plan.

Phase one of the project focuses on financial reporting issues in the period before the current interest rate benchmark is replaced with an alternative rate, while phase two focuses on potential issues that might affect financial reporting once the existing rate is replaced with an alternative rate.

The Board’s technical staff has started their analysis of the issues to be considered as part of phase two.

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