NEW YORK-The International Accounting Standards Board (IASB) issued on January 17, 2008 an amendment to IFRS 2 Share-based Payment.
The amendment deals with two matters. It clarifies that vesting conditions are service conditions and performance conditions only. Other features of a share-based payment are not vesting conditions. It also specifies that all cancellations, whether by the entity or by other parties, should receive the same accounting treatment.
The amendment will apply for annual periods beginning on or after January 1, 2009.
IASB is committed to developing in the public interest a single set of high quality global accounting standards.
For more information please visit the following website: www.iasb.org