EFRAG explains its conclusion that IFRS 9 is not contrary to 'true and fair'

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01 Dec, 2015

Upon the request of the European Commission, the European Financial Reporting Advisory Group (EFRAG) has further explained how it has reached the conclusion contained in its endorsement advice that IFRS 9 is not contrary to the true and fair principle.

The letter does not provide additional elements of assessment on the subject but brings together in one place the elements, contained in the appendices to EFRAG’s endorsement advice on IFRS 9 Financial Instruments, that are relevant for the assessment of 'true and fair'.

Please click to access the letter with the explanations on the EFRAG website.

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