The IASB consults on its proposals to improve the derecognition requirements as part of review of off balance sheet risk.
The IASB is also proposing to enhance disclosure requirements, especially in situations where an entity continues to have an ongoing involvement in a financial asset that would be derecognised under the proposals. The additional disclosures would allow users to make a better assessment of the risks associated with such an asset.
The IASB will host two live web presentations to introduce its proposals.
Deadline for comments is 31 July 2009.