International Accounting Standard (IAS) 39

This procedure relates to the adoption and implementation of International Accounting Standard 39, which governs the recognition and measurement of financial instruments. It ensures that financial reporting is transparent and consistent across different jurisdictions to provide a reliable view of an entity's financial position.

This affects companies, financial institutions, and auditors who must apply these standards when reporting assets and liabilities, specifically regarding the hedge accounting and impairment of financial assets.