The IASB has recently issued amendments to IFRS 7 Financial Instruments: Disclosures as part of its review of off balance sheet activities. The amendments will allow users of financial statements to improve their understanding of transfer transactions of financial assets (for example, securitisations), including understanding the possible effects of any risks that may remain with the entity that transferred the assets. The amendments also require additional disclosures if a disproportionate amount of transfer transactions are undertaken around the end of a reporting period. The AASB is expected to consider issuing an amendment to AASB 7 at this month’s AASB meeting.


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Rob Mackay
T +61 3 8635 1800
rmackay@moorestephens.com.au 

www.moorestephens.com.au