IAS 7: Statement of Cash Flows
Requires the presentation of information about historical changes in cash and cash equivalents through a statement of cash flows.
Why IAS 7 matters
Cash-flow reclassifications (operating vs. investing vs. financing) are among the most common restatement triggers. Auditus.ai reconciles the cash flow before fieldwork.
Framework: International Accounting Standards (IAS)
IAS were issued by the IASC before being superseded by the IASB. Many IAS remain in force and are part of IFRS as adopted in Canada.
Primary source: IFRS Foundation
Frequently asked
What is IAS 7?
Requires the presentation of information about historical changes in cash and cash equivalents through a statement of cash flows.
Why does IAS 7 matter for an audit?
Cash-flow reclassifications (operating vs. investing vs. financing) are among the most common restatement triggers. Auditus.ai reconciles the cash flow before fieldwork.
Which framework does IAS 7 belong to?
IAS 7 falls under International Accounting Standards (IAS). IAS were issued by the IASC before being superseded by the IASB. Many IAS remain in force and are part of IFRS as adopted in Canada.
Related standards — International Accounting Standards (IAS)
See how Auditus checks IAS 7
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including IAS 7.