Comment Letter on Exposure Draft on Improving Disclosures about Financial Instruments
نویسندگان
چکیده
We support the Board’s efforts to enhance the disclosures about financial instruments and to converge the disclosure requirements with Statement of Financial Accounting Standards No. 157, Fair Value Measurements (Statement 157), issued by the U.S. Financial Accounting Standards Board (FASB). We believe the proposal to converge with the fair value hierarchy disclosures in Statement 157 is appropriate because it provides useful information to users of the financial statements. Specifically, we believe that the proposed amendment will result in more consistent fair value hierarchy disclosures among IFRS preparers and improve comparability with entities using Statement 157. We also support the Board’s efforts to clarify the liquidity risk disclosure requirements.
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