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Comment: Proposed amendments to IAS 7

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​The Grant Thornton International Ltd IFRS team has commented on the IASB Exposure Draft "Disclosure Initiative - Proposed amendments to IAS 7."

In our letter, we support the proposals to provide improved disclosures on changes in debt and liquidity, subject to the Board having robust evidence that there is a demand for this information from investors internationally.

We also express a preference for the IASB to maintain its existing practice of separate exposure drafts on proposed changes to IFRS, followed by separate consultation on related taxonomy changes. This exposure draft had combined both, but we view the IFRS taxonomy as a specialized area that is most relevant to preparers.

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