UKEB adopts amendments to IAS 7 and IFRS 7 regarding supplier finance arrangements
01 Dec, 2023
The UK Endorsement Board (UKEB) has adopted 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' issued by the International Accounting Standards Board (IASB) in May 2023.
The amendments add disclosure requirements and ‘signposts’ within existing disclosure requirements, that would ask entities to provide qualitative and quantitative information about supplier finance arrangements.
The Endorsement Criteria Assessment and Adoption Statement are available on the UKEB website.
The UKEB has also updated its adoption statement report which is available on its website here.
