Newsletter on proposed improvements to IFRS 7

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01 Nov 2008

Deloitte's IFRS Global Office has published a special edition of our IAS Plus Newsletter explaining the Proposals to Improve Disclosures about Financial Instruments (IFRS 7).

The proposals are set out in an Exposure Draft of proposed amendments to IFRS 7 Financial Instruments: Disclosures. The proposals form part of the IASB's response to the credit crisis and follow recommendations of the Financial Stability Forum, which had the support of the Group of Seven (G-7) Finance Ministers. The proposals also reflect discussions by the IASB's Expert Advisory Panel on measuring and disclosing fair values of financial instruments when markets are no longer active. The ED, titled Improving Disclosures about Financial Instruments, may be downloaded without charge from the IASB's Website. The comment letter deadline is 15 December 2008 with a proposed effective date of 1 July 2009.
Click to view Proposals to Improve Disclosures about Financial Instruments (IFRS 7) (PDF 202k). You will find all Past IAS Plus Newsletters Here.

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