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Global Rulemakers Want Supplier Finance Detailed in Accounts

Nov. 22, 2022, 6:18 PM

The International Accounting Standards Board said Tuesday that companies should disclose more details about their supplier finance arrangements based on complaints that delayed suppliers payments could allow firms to hide debt.

All 11 board members voted in favor of making companies disclose the information within notes to the accounts. The members were discussing feedback, which was largely positive, on proposals published in November 2021 that would force companies into more expansive disclosures.

  • Investors have demanded more details on supplier finance arrangements after the collapse of companies such as the UK construction company Carillion Plc. In response, the board drafted ...