The most controversial accounting standards during the last decade, IAS 39 “Financial instruments: recognition and measurement” and its American equivalents FAS 133 “Accounting for derivative instruments and hedging activities” and FAS 157 “Fair value measurements” have regained...

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...