Deloitte comment letter on IASB ED/2014/6 'Disclosure Initiative (proposed amendments to IAS 7)'

Published on: 01 Apr, 2015

Deloitte Touche Tohmatsu Limited has responded to the International Accounting Standards Board's (IASB) Exposure Draft ED/2014/6 Disclosure Initiative (proposed amendments to IAS 7).

In our comment letter, we support the Board's Disclosure Initiative, but believe that it is premature to make additional disclosure requirements of the sort proposed in the ED ahead of discussions on the Principles of Disclosure element of that project. Specifically, we are concerned that a conceptual basis for a 'debt' or 'net debt' reconciliation has not been established at this time and that, as drafted, the proposals would provide only an incomplete view of movements in items used to fund an entity's activities.


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