IASB publishes Exposure Draft on Financial Instrument Disclosures

22 July 2004

The International Accounting Standards Board (IASB) published proposals to improve disclosures about financial instruments in financial statements. The proposals are set out in an Exposure Draft of an International Financial Reporting Standard (IFRS) ED 7 Financial Instruments: Disclosures. If adopted, the proposed IFRS would apply to all entities. However, the extent of disclosure required would depend on the extent of the entity’s use of financial instruments and of its exposure to risk.

The text will be available from 2 August on the IASB’s Website

Press release

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