IASB publishes amendments to IAS 7 and IFRS 7 regarding supplier finance arrangements
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IFRS EU endorsement process [June 2023]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 2 June 2023.
As of 27 June 2023, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:
Amendments
- Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (issued in September 2014)
- Amendments to IFRS 16 Lease Liability in a Sale and Leaseback (issued in September 2022)
- Amendments to IAS 1 Classification of Liabilities as Current or Non-Current and Classification of Liabilities as Current or Non-current — Deferral of Effective Date (issued in January 2020 and July 2020 respectively)
- Amendments to IAS 1 Non-current Liabilities with Covenants (issued in October 2022)
- Amendments to IAS 7 and IFRS 7 Supplier Finance Arrangements (issued in May 2023)
- Amendments to IAS 12 International Tax Reform — Pillar Two Model Rules (issued in May 2023)
Click here for the Endorsement Status Report
