EFRAG seeks comments on whether the disclosure requirement should be extended to other financial instruments and if contractual maturity date liquidity risk disclosures are useful and should still be required.
EFRAG issued its draft comment letter on the IASB ED Exposure Draft proposing amendments to IFRS 7 Improving Disclosures about Financial Instruments. The ED proposes changes to the fair value disclosure and liquidity risk disclosures already required by IFRS 7.
EFRAG has some remaining doubts about the scope of the fair value sensitivity disclosures. The IASB’s proposal is that the disclosures should be required only of instruments measured in the balance sheet at fair value.
EFRAG seeks comments on whether the disclosure requirement should be extended to other financial instruments and if contractual maturity date liquidity risk disclosures are useful and should still be required.
Deadline for comments is 4 December 2008.
© EFRAG - European Financial Reporting Advisory Group
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