Made in Germany: Das Wirtschafts

11. Offsetting Financial Assets and Financial Liabilities - Randall Sogoloff and Andrew Spooner discuss the key aspects



Randall Sogoloff, Leader for Communications in the Deloitte IFRS Global Office, and Andrew Spooner, leader of Deloitte's Global IFRS financial instruments team, discuss the recently issued amendments to IAS 32 and IFRS 7 relating to offsetting of financial assets and financial liabilities. They discuss the clarifications and additional disclosures and provide insights into the likely effect they will have in practice.