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IASB Investor Education

Webcast series with the CFA Institute


Investor Education video: IASB Efforts to Plug the Loopholes on Off-Balance Sheet Accounting

 14 February 2014


During the financial crisis, several loopholes with off-balance sheet accounting that impinged on the transparency of reporting entities became quite apparent. These loopholes included the inconsistent application of the accounting standards. In response to calls from a broad array of stakeholders, including the G20, the IASB updated its requirements for consolidation and disclosure of structured entities, with the objective of plugging the observed loopholes.

This video produced by the CFA Institute features a mini roundtable discussion between IASB board member Patrick Finnegan, IASB investor education manager Fred Nieto, and CFA Institute financial reporting policy director Vincent Papa. The video highlights rationale and nature of the key changes, effective dates, and what investors can expect from the mentioned updates to consolidation and structured entity disclosure standards.

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