Dear members,

IASB has issued an exposure draft which is open for comment till September 7, 2009. This IFRIC discusses the treatment when a company will issue its own shares to settle some or all of its liabilities.

The exposure draft talks about the right to acquire own equity instruments.

The draft can be accessed at the following location;

http://www.iasb.org/NR/rdonlyres/974EE382-6274-4294-A92B-230D0504C26E/0/IFRICD25.pdf

Comments can be sent in at the following address;

http://www.iasb.org/Current+Projects/IFRIC+Projects/IFRIC+D25+Extinguishing+Financial+Liabilities+with+Equity+Instruments/Draft+Interpretation+and+comment+letters/Draft+Interpretation+and+comment+letters.htm

Expert (http://www.theaccountantsdesk.com)