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EFRAG issues final endorsement advice on allowing the application of the equity method in separate financial statements

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

19 Dec 2014

The European Financial Reporting Advisory Group (EFRAG) has submitted to the European Commission its endorsement advice letter and effects study report on the amendments to IAS 27 that reinstate the equity method as an accounting option for investments in subsidiaries, joint ventures and associates in an entity's separate financial statements.

EFRAG supports the amendments. The EFRAG's assessment is that benefits for preparers and users implementing the amendments outweigh the costs and therefore EFRAG recommends that the European Commission (EC) endorses the amendments.

Click for the following information on the EFRAG website:

EFRAG has updated its endorsement status report to reflect that the final endorsement advice has been issued.

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