The International Accounting Standards Board (IASB) is to consult on its plans to amend the classification and measurement of financial assets in financial statements by adding a new category.

IASB has published a survey on its November 2012 Exposure Draft, Classification and Measurement: Limited Amendments to IFRS 9 (Proposed amendments to IFRS 9 (2010).

It is looking for input on proposals to create a third category for the classification of financial assets, Fair Value through Other Comprehensive Income (FVOCI), which IASB says will provide a better portrayal of how financial assets are managed.

For more information about the survey contact [email protected].