EFRAG issues feedback statement on its draft comment letter on macro hedging

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

20 Jan, 2015

The European Financial Reporting Advisory Group (EFRAG) has issued a feedback statement to summarise the comments received by the EFRAG on its draft comment letter on the IASB’s Discussion Paper DP/2014/1 ‘Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging’.

On 17 April 2014, the IASB published for public comment a Discussion Paper (DP/2014/1) on macro hedge accounting which contained a possible approach to accounting for an entity’s dynamic risk management activities: the portfolio revaluation approach.

EFRAG issued its draft comment letter in July 2014 and a final comment letter in October 2014.

The EFRAG’s feedback statement 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 DP set out in their final comment letter to the International Accounting Standards Board (IASB).  

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