EFRAG publishes February 2016 issue of 'EFRAG Update'
03 Mar, 2016
The European Financial Reporting Advisory Group (EFRAG) has published an 'EFRAG Update' summarising public technical discussions held and decisions made during February 2016.
The Update reports on EFRAG Board meeting on 11 February, the EFRAG Board conference call on 5 February and the EFRAG Technical Expert Group (EFRAG TEG) meeting on 24 and 25 February. The Update also lists EFRAG publications issued in February:
- EFRAG’s final comment letter on the Draft IFRIC Interpretation DI/2015/2 Foreign Currency Transactions and Advance Consideration;
- EFRAG’s final comment letter on the draft IFRIC Interpretation DI/2015/1 Uncertainty over Income Tax Treatments and the related feedback statement;
- EFRAG’s final comment letter on the IASB’s Exposure Draft ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts;
- EFRAG’s response to the IFRS Foundation’s Invitation to Comment IFRS Taxonomy Due Process and the related feedback statement; and
- EFRAG’s letter to the European Commission following the publication, by the IASB, of revised amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture postponing their effective date indefinitely.
Please click to download the February EFRAG Update from the EFRAG website.