EFRAG comment letter and feedback statement on transfers of investment property
31 Mar, 2016
The European Financial Reporting Advisory Group (EFRAG) has issued its final comment letter on the International Accounting Standard Boards (IASB’s) exposure draft ED/2015/9 ‘Transfers of Investment Property: Proposed amendment to IAS 40 ’. EFRAG has also issued the related feedback statement summarising the main comments received from constituents invited to respond to its draft comment letter.
EFRAG supports the proposed amendments and believes they will reduce divergence in practice and improve the quality of financial reporting under IFRS in regard to investment properties.
The press release, comment letter and feedback statement are available on the EFRAG website.
