EFRAG recommends adoption of IFRS 2 for use in Europe
27 Apr 2004
The European Financial Reporting Advisory Group (EFRAG) has written to the European Commission recommending the adoption of IFRS 2 Share-based Payment for use in Europe.
"EFRAG supports the IASB conclusion that an expense should be recognised even though the share-based payment transaction does not require the entity to sacrifice any
cash or other assets." Click to Download EFRAG's Letter (PDF 40k).