Feedback statement on the Discussion Paper on levies

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

09 Feb, 2015

The European Financial Reporting Advisory Group (EFRAG) has published a feedback statement of the responses to the 'Short Discussion Series' paper 'Levies: What would have to be changed in IFRS for a different accounting outcome?'.

The paper, published in August 2014, focused on possible changes to International Financial Reporting Standards that could achieve a different accounting treatment for levies whose obligating event occurs at a point in time. A majority of respondents favoured amending IAS 34 Interim Financial Reporting to address their concerns.

The feedback statement is available on the EFRAG website.

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