The Authority adopts the limited amendments introduced by the International Council to each of International Financial Reporting Standard No. 9 and No. 7

الهيئة تعتمد التعديلات المحدودة التي أدخلها المجلس الدولي على كل من المعيار الدولي للتقرير المالي رقم 9 و7

The Saudi Organization for Chartered and Professional Accountants, represented by its Accounting Standards Board, has adopted the limited amendments introduced by the International Accounting Standards Board to International Financial Reporting Standard No. 9 and International Financial Reporting Standard No. 7. The amendments to IFRS 9 add application guidance paragraphs clarifying the dates of recognition and derecognition of financial assets and liabilities, the settlement date for financial liabilities settled through electronic payment systems, and the assessment of contractual cash flows that represent solely payments of principal and interest. The amendments to IFRS 7 revise disclosures relating to fair value and fair value gains and losses for investments measured at fair value through other comprehensive income.

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