EFRAG Update with summaries for the late November conference call and the December EFRAG TEG meeting
The European Financial Reporting Advisory Group (EFRAG) has released the December 2011 issue of its EFRAG Update newsletter.
On 18 November 2011, EFRAG held a meeting via public conference call. The EFRAG TEG meeting was held 7 to 9 December 2011. Highlights of the meetings were a draft endorsement advice on the amendments of IFRS 1 and the draft comment letters to the IASB's draft on government loans.