New research has shown that many corporate treasurers areuncertain about the relevance and implications of new globalaccounting standards to their treasury operations.

According to the research, undertaken by IT2 Treasury Solutions,a leading provider of treasury management software to corporatetreasuries and financial institutions, just 52% of the respondingcorporate treasurers reported that they were aware of the contentand impact of impending changes in IFRS. In Europe, IFRS 9, thestandard for classifying and measuring financial instruments whichwas released in November 2009, will apply to accounting periodsbeginning on or after 1 January 2013.

Kevin Grant, CEO of IT2 Treasury Solutions, said: “In less thantwo years, corporate treasurers will have to respond to the onerousfinancial reporting requirements of IFRS 9. Within one year, thewindow of opportunity to take the benefits of early adoption willclose. IFRS 9 may still be a work in progress, but its scope andadoption timetable strongly suggest that treasurers should beactively evaluating the requirements of compliance.”