Considerations on the Profile of Respondents to the Comment Letters Submitted for IFRS 9 Financial Instruments. Phase 1 and 2

Maria Huian

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1288-1293

Abstract: The paper examines the profile of the respondents to the exposure drafts published by the IASB as part of the IFRS 9 „Financial Instruments” project – phase 1 and 2. The analysis of the 650 comment letters submitted showed that preparers (consisting of financial institutions and their trade associations and also non-financial corporations and their trade associations) were the most active group of stakeholders, even though the accounting profession and the regulators were also very interested. The users had a low rate of participation in all 3 documents analyzed. The geographic analysis showed a 2-continent battle between Europe and North America with the Europeans submitting the greatest number of letters for the ED/2009/7 and ED/2009/12 and the North-Americans surpassing them in reponses for the SD/2011.

Keywords: financial instruments; comment letters; IFRS 9; IASB. (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1288-1293

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