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A need for preparation

While the implementation date for the International Accounting Standard 39 is still a few years down the line, Chua Kim Chiu of PricewaterhouseCoopers argues that Asia’s financial institutions must start looking at the implications now.

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International Accounting Standard 39 (IAS 39) is arguably the most complex accounting standard ever issued by the International Accounting Standards Board (IASB). The fact that its users had raised more than 200 questions by the end of 2001, leading to the publication of the IAS 39 Implementation Guidance Questions and Answers by the IAS 39 Implementation Guidance Committee, gives a good

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