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EFRAG issues feedback statement on IASB's Exposure Draft ED/2014/2

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

10 Oct 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) revised Exposure Draft ED/2014/2 ‘Investment Entities: Applying the Consolidation Exception (Proposed amendments to IFRS 10 'Consolidated Financial Statements' and IAS 28 'Investments in Associates and Joint Ventures').’

The IASB proposed in ED/2014/2 Investment Entities: Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28) amendments aimed at clarifying certain aspects of IFRS 10 and IAS 28.

EFRAG published its draft comment letter in July 2014 and the final comment letter was published earlier in October 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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