News - Archives 11 Dec 2007 ED of Proposed Amendments to FRS 39 Financial Instruments: Exposures Qualifying for Hedge Accounting, ED 9 Joint Arrangements and ED of Proposed Amendments to IFRS (Annual Improvement Process) are available for comments. Comments should be submitted no later than 11 January 2008. 26 Oct 2007 The Ministry of Finance has issued a media release regarding the appointment of the Accounting Standards Council.