FRC says cash flow statement preparation needs to improve

Released 17 November 2020

The Financial Reporting Council (FRC) has published a review of corporate reporting in relation to IAS 7 Cash flow statement and the liquidity disclosure requirements in IFRS 7 Financial Instruments: Disclosures.

The FRC continues to identify errors in cash flow statements and this review examines many of the issues faced in their preparation and provides insights into how the quality of cash flow statements can be improved.

Further information, including a link to the review, can be found at

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