The International Accounting Standards Board Wednesday held off on a vote for companies to disclose more details of supplier finance arrangements after several members objected it wasn’t being implemented fast enough.
The IASB was discussing forcing companies to map out their supplier finance arrangements more clearly, following complaints that firms were hiding debt by delaying payments. Changes were supposed to enter force in 2025, but the 14-member board delayed a decision until February after some called for changes to take effect in 2024 instead.
- Investors demanded more details on supplier finance arrangements following the collapse of Carillion Plc in 2018. ...
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