FRC responds to IASB’s exposure draft ‘Disclosure Initiative – Proposed Amendments to IAS 7'
News types: Consultation Announcement, Statements
Published: 26 March 2015
The Financial Reporting Council (FRC) has responded to the IASB’s exposure draft ‘Disclosure Initiative – Proposed Amendments to IAS 7’.
The FRC broadly supports the IASB’s proposals for the introduction of disclosures around debt and liquidity. The exposure draft was issued in response to requests from investors for better information around net debt.
The FRC encourages the IASB to clarify that entities may build upon the disclosure requirements proposed in the ED to provide a net debt reconciliation. The FRC believes this flexibility will result in more meaningful and useful disclosures for investors.
The FRC broadly supports the IASB’s proposals for the introduction of disclosures around debt and liquidity. The exposure draft was issued in response to requests from investors for better information around net debt.
The FRC encourages the IASB to clarify that entities may build upon the disclosure requirements proposed in the ED to provide a net debt reconciliation. The FRC believes this flexibility will result in more meaningful and useful disclosures for investors.