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EFRAG draft comment letter on proposed annual improvements to IFRS standards 2018-2020

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

05 Jun 2019

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB exposure draft ED/2019/2 ‘Annual Improvements to IFRS Standards 2018-2020 Cycle’.

EFRAG generally agrees with the IASB proposal; however, it proposes that IAS 39 should be amended in the same way as the proposed amendments to IFRS 9. In additional, the EFRAG suggests that further guidance be added to IFRS 16 when reimbursement of leasehold improvements maybe be considered as a lease incentive.

Comments on EFRAG's draft comment letter are requested by 5 August 2019. For more in­for­ma­tion, see the press release and the draft comment letter on the EFRAG website.

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