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01 March 2011

ASB Konsultation zu Änderungen zu FRS 29 (IFRS 7) Disclosures - Transfers of Financial Assets


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The ASB of the FRC published a Financial Reporting Exposure Draft (FRED) for public comment, aimed at improving the disclosures on transfers of financial assets. The comments are expected by 30 April 2011.


The proposals amend the disclosure requirements in FRS 29 (IFRS 7) "Financial Instruments: Disclosures." They incorporate new disclosure requirements that would help users of financial statements evaluate an entity’s risk exposure arising from transfers of financial assets as well as any resulting impact on its financial position.
The need for the proposed amendment has arisen as a result of the International Accounting Standards Board (IASB) amendments of the disclosure requirements in International Financial Reporting Standard (IFRS) 7 "Financial Instruments: Disclosures" during October 2010. The amendment enhances the information currently provided in financial statements in relation to risk exposures arising from transfers of financial assets by an entity. As the requirements in FRS 29 are converged with those in IFRS 7, the proposals in this ASB amendment to FRS 29 (IFRS 7) are identical to those IASB amendments and would ensure that the requirements in the two standards do not diverge.

Press release


© FRC


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