EFRAG issues endorsement advice on Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)
06 Oct, 2023
The European Financial Reporting Advisory Group (EFRAG) has issued an endorsement advice letter relating to the use of 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' ('the Amendments') in the European Union and European Economic Area.
EFRAG recommends the endorsement of the Amendments. EFRAG’s assessment is that the Amendments meet the technical requirements of the Regulation (EC) No 1606/2002 of the European Parliament and of the Council on the application of international accounting standards.
For more information, see the press release and the endorsement advice letter on the EFRAG website. EFRAG has also updated its endorsement status report to reflect the endorsement advice.
