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EFRAG tentatively agrees to endorse IFRIC 12

Jan 30, 2007

The European Financial Reporting Advisory Group (EFRAG) held a special meeting on 23 January 2007 at which it discussed its draft endorsement advice on IFRIC 12 Service Concession Arrangements.

At the end of the discussion, EFRAG members voted 5 to 4, with 3 abstentions, in favour of issuing a positive draft endorsement advice. A draft endorsement letter, with a basis for conclusions and views from the dissenters, will be published for comment in the next week, with a comment deadline around the end of February.
Click for IAS Plus IFRIC 12 page.