EFRAG roundtable on the statement of cash flows - Financial Institutions
02 Nov, 2023
The European Financial Reporting Advisory Group (EFRAG) will hold a roundtable discussion for financial institutions and auditors of financial institutions on its proactive research project on the statement of cash flows.
The discussion will focus on the objectives and uses of the statement of cash flows, and issues with how the statement of cash flows is currently prepared under the requirements of IAS 7 Statement of Cash Flows.
As part of its research project on the statement of cash flows, EFRAG is planning to issue a Discussion Paper for public comments that will:
- List, and shortly discuss, different alternative objectives/uses of the statement of cash flows. This will include considering whether the statement should reflect changes in cash, changes in cash and cash equivalents or changes in working capital or net debt.
- List the issues with current requirements/practice. The issues would be categorised/labelled according to which objective/use of the statement of cash flows (in (1)) they would be related to.
- Discuss whether the IASB could consider the issues by targeted amendments to IAS 7, or a comprehensive review would be necessary to deal with the issues in a satisfactory manner.
The roundtable discussions are intended to receive input for (1) and (2) listed above.
The closed event will be held online on 17 November 2023.
Further details, including the discussion paper and details of how to register are available on the EFRAG website.