... company that has chosen to prepare its individual accounts using IAS rather than UK GAAP can switch back to UK GAAP have been extended to allow a company to switch back if it ceases to be a ... and receivables, equity instruments and debt securities as well as financial derivatives such as futures, options and swaps. 5.6 “Fair value” can be described as the amount for which an asset ... States have the option to extend use of adopted IAS on a permissive or mandatory basis. In the UK, the application of the Regulation has been extended so that: • publicly traded companies...