IFRS 7 Amendments: Improving Disclosure About Financial Instruments
- Published in the Official Journal
- Didier Andries
As part of its response to the credit crisis, the IASB undertook the improvement of IFRS 7 by introducing a fair value hierarchy and by enhancing the liquidity risk disclosure.
EFRAG published its final comment to the IFRS 7 Amendments on 15 December 2008 and its endorsement advice on 27 May 2009.