IFRS 7 - What to think about
The arrival of IFRS 7 in January 2007 will be the most significant change in financial instrument accounting since the introduction of IAS 39. The new standard will greatly increase the detail of disclosure surrounding financial instruments as well as requiring complex new quantitative disclosures.
IFRS 7 will apply to all entities, including those that have only few financial instruments. For our thoughts on this topic, please download our IFRS 7 paper, for both banking (PDF, 78 KB) and corporate (PDF, 69 KB) clients.