Global Standards for the world economy

Saturday 20 July 2019

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The Board decided not to proceed with the work on the cash restrictions proposals

 14 December 2016


Proposed amendments to IAS 7—cash restrictions proposals

Agenda Paper 11D: Disclosures about restrictions on cash and cash equivalents

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.

Next Steps

The Board expects to start balloting the final Practice Statement on materiality and the Exposure Draft on the definition of materiality in the first quarter of 2017.