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In this podcast, Darryn Rundell, one of Deloitte's Accounting Technical Partners, talks with Richard Hayes, Senior Manager - Financial Reporting Global Markets at ANZ, about the bank's experience in applying AASB 7 Financial Instruments: Disclosures.

Darryn and Richard explore some of the practical aspects of adopting AASB 7, including:

• the implications of applying AASB 7 in light of the current global volatility in credit and other financial markets
• the systems and procedures required to prepare for AASB 7
• challenges in complying with the disclosure requirements and the likely commercial impacts
• key messages that apply to both the financial and non-financial sectors
• the importance of the disclosures to analysts, financiers, hedge funds, and others.

Click here to listen (12 minutes 47 seconds)

Related links:

• Accounting alert 2008/05 'Are you ready for AASB 7?'
• IAS Plus Newsletter 'IFRS 7 Financial Instruments: Disclosures' (PDF 58kb)
• Financial instruments advisory services
• Deloitte AASB 7 services
• IFRS-related tools and resources.

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