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Wednesday 31 August 2016

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The IFRS IC recommended that the Board propose an amendment to paragraph 42C(c) of IFRS 7

 15 May 2013

The IASB issued Disclosures—Transfers of Financial Assets (Amendments to IFRS 7) (the transfer disclosures) in October 2010. The transfer disclosures amended IFRS 7 Financial Instruments: Disclosures to require an entity to disclose information related to the transfer of financial assets, including its continuing involvement in the transferred assets. The amendments to IFRS 7 also included a description of the term “continuing involvement” in paragraph 42C for the purpose of the transfer disclosures.

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