Two recommendations from EFRAG

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23 Jun 2005

The European Financial Reporting Advisory Group has Recommended (PDF 18k) to the European Commission that the amendments to the Amendments to IAS 39 relating to cash flow hedge accounting of forecast intragroup transactions be endorsed for use in Europe.

EFRAG has also written to IFRIC supporting the proposal in IFRIC D15 Reassessment of Embedded Derivatives but with some suggestions for change.

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