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EFRAG to hold a Board conference call to discuss draft endorsement advice on IFRS 9

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

07 Apr 2015

The European Financial Reporting Advisory Group (EFRAG) will hold a Board conference call on 9 April 2015 to discuss the EFRAG draft endorsement advice on IFRS 9 'Financial Instruments'.

The objective of the call is for the staff of the International Accounting Standards Board (IASB) to present to the EFRAG Board an updated version of the draft endorsement advice adapted for the remarks of the Board during its March meeting.  The current version of the draft endorsement advice concludes:

Based on the above we have concluded that IFRS 9 would improve the quality of financial reporting and hence support an improved efficiency of capital markets. Our overall conclusion is therefore that IFRS 9 is conducive to the European good. The detailed basis for our conclusions is provided as Appendix 3.  As a result of the above, we conclude that IFRS 9 meets all endorsement criteria and therefore recommend that it be adopted in the EU.        

Supporting papers for the call and details on how to register can be found on the EFRAG website.

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