The International Accounting Standards Board (Board) has decided not to continue with the work on the cash restrictions proposals (liquidity). Here is the content from the IASB Update from the December Board meeting.
The Board decided not to proceed with the work on the cash restrictions proposals included in its Exposure Draft Disclosure Initiative—Proposed Amendments to IAS 7, which was published in September 2014. The Board noted that the work carried out on these proposals will inform the Post-implementation Review of IFRS 12 Disclosure of Interests in Other Entities.
Six Board members agreed and four disagreed with this decision.