The FICE project: proposals

Learning objectives

• Explain that the FICE project is a proposal still under redeliberation and that IAS 32 as currently in force remains the reference.L3
• Assess the possible effect of a proposal without applying it as a rule in force.L4

Normative references

The syntheses of the reference register are written in French: only the paragraph reference is shown here.

1 question

• A colleague at Fjord SA proposes applying right now, to classify an instrument with a contingent settlement provision, a clarification contained in the November 2023 exposure draft of the FICE project, which would lead to a different classification. Case fact: no final amendment to IAS 32 has been published to date. Which answer is correct?L3