EFRAG issues final endorsement advice on 'Disclosure Initiative - Amendments to IAS 1'

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20 May, 2015

The European Financial Reporting Advisory Group (EFRAG) has submitted to the European Commission its endorsement advice letter on the IASB's 'Disclosure Initiative - Amendments to IAS 1'.

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

The EFRAG press release and Endorsement Advice Letter to the EC (including Basis for Conclusions and Evaluation of costs and benefits) are both available from the EFRAG website.

The updated EFRAG endorsement status report can be found on our publications pages.

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