AcSB Exposure Draft – Supplier Finance Arrangements – Proposed Amendments to IAS 7 and IFRS 7
Dec 14, 2021
On December 14, 2021, the Accounting Standards Board (AcSB) issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. The AcSB will not be submitting a response letter to the IASB.
However, this decision will be reviewed throughout the comment period and reconsidered based on stakeholder feedback. As a result, stakeholders are encouraged to reply to the AcSB prior to February 28, 2022, to support their ongoing discussions.
The AcSB would like input from Canadian respondents on the following additional question regarding the proposed amendment:
- The IASB has developed the proposed amendment in accordance with its due process for application around the world. Assuming the Exposure Draft proposals are finalized and approved by the IASB in accordance with its due process, do you think that the proposals are appropriate for application in Canada? If not, please specify which aspects of the proposals, and what circumstances, make the accounting requirements proposed in the Exposure Draft inappropriate.
Review the press release and exposure draft on the AcSB's website.
