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EFRAG issues feedback statement on the IASB's Exposure Draft ED/2013/11 Annual Improvements to IFRSs 2012— 2014 Cycle

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

09 Apr 2014

The European Financial Reporting Advisory Group (EFRAG) has published a feedback statement summarising the main comments received from constituents invited to respond to their draft comment letter in relation to the International Accounting Standards Board’s (IASB’s) Exposure Draft ED/2013/11 ‘Annual Improvements to IFRSs 2012 – 2014 Cycle’.

The ED proposes amendments to IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, IFRS 7 Financial Instruments: Disclosures, IAS 19 Employee Benefits and IAS 34 Interim Financial Reporting

EFRAG published their draft comment letter in January 2014 and the final comment letter was published in March 2014. 

The feedback statement (link to EFRAG website) provides an analysis of the EFRAG tentative position expressed in the draft comment letter, describes the comments received from constituents and then highlight how these comments were considered by the EFRAG Technical Group (EFRAG TEG) in reaching their final position on the IASB ED set out in their final comment letter to the International Accounting Standards Board (IASB). 

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