EFRAG submits Endorsement Advice Letter on amendments to IAS 7 and IFRS 7
EFRAG submits Endorsement Advice Letter on amendments to IAS 7 and IFRS 7
In May 2023, the IASB issued Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7). The objective of the amendments is to enhance the transparency of supplier finance arrangements and their effects on a company’s liabilities, cash flows and exposure to liquidity risk through additional disclosure requirements. The amendments are applicable for annual periods beginning on or after 1 January 2024, with earlier application permitted.
EFRAG has now submitted its Endorsement Advice relating to the Amendments for use in the European Union and European Economic Area.
The Endorsement Advice Letter to the European Commission and the updated Endorsement Status Report may be found here.
EFRAG has now submitted its Endorsement Advice relating to the Amendments for use in the European Union and European Economic Area.
The Endorsement Advice Letter to the European Commission and the updated Endorsement Status Report may be found here.