IIF Authors

Status: Will be live at 04/17/2015 00:00

IIF SAG comment letter on Exposure Draft - Disclosure initiative - proposed amendments to IAS 7

Friday, April 17, 2015

On April 17, the IIF Senior Accounting Group (SAG) submitted its response letter on the IASB's proposal to amend IAS 7. The proposal aims to address investors' need to better understand an entity's period-on-period movements in debt and of any liquidity restrictions that affect an entity's ability to deploy its resources. While the IIF SAG agrees that these issues are also critical for the banking industry, the current proposal raises a number of concerns that are developed in the attached letter.