EFRAG has launched two online surveys on two IASB Exposure Drafts

On 1 February 2022, EFRAG has launched two online surveys on the IASB’s ED/2021/9 Non-current Liabilities with Covenants and ED/2021/10 Supplier Finance Arrangements. These surveys are open to all interested stakeholders and are intended to prepare and support EFRAG’s comment letters to the IASB on the two aforementioned IASB Exposure Drafts.

On the one hand, EFRAG has published a web-based questionnaire on the IASB ED/2021/9 Non-current Liabilities with Covenants (Proposed Amendments to IAS 1) published by the IASB on 19 November 2021. In this Exposure Draft, the IASB proposes to clarify the classification of debt with covenants (as current or non-current). Furthermore, the Exposure Draft proposes additional presentation and disclosure requirements related to debt with covenants (we reported).

On the other hand, EFRAG has initiated a separate questionnaire on the ED/2021/10 Supplier Finance Arrangements (Proposed Amendments to IAS 7 and IFRS 7) published by the IASB on 26 November 2021. In this Exposure Draft, the IASB proposes to require entities to disclose additional information on supplier finance arrangements, which should enable users of financial statements to assess the effects of these arrangements on the entity’s liabilities and cash flows (we reported).

EFRAG is seeking feedback by 4 March 2022. Further details and access to the surveys can be found here.