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EFRAG updates its endorsement status report once more

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

17 Jun 2014

After publishing endorsement status reports reflecting the adoption of IFRIC 21 'Levies' for use in the EU and the issuance of a draft endorsement advice letter on amendments to IFRS 11, the European Financial Reporting Advisory Group (EFRAG) has updated its Endorsement Status Report for the third time in two days - this time to reflect the issuance of a draft endorsement advice letter on amendments to IAS 16 and IAS 38.

On 12 May 2014, the IASB published Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38) providing additional guidance on how the depreciation or amortisation of property, plant and equipment and intangible assets should be calculated. EFRAG currently expects that the amendments will be endorsed for use in the EU in the first quarter of 2015.

The new endorsement status report, dated 17 June 2014, is available here.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.