Global Standards for the world economy

Friday 28 October 2016

Banner graphic

Project news

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.

For more information, please click here.