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EFRAG draft comment letter on proposed amendments to the IFRS Foundation Due Process Handbook

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

14 Jun 2019

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB exposure draft ‘Proposed amendments to the IFRS Foundation Due Process Handbook’.

EFRAG agrees that most IASB proposals will improve the Due Process Handbook; however, it proposes that major projects should have detailed effect analysis reports issued when key due process documents are issued. In ad­di­tional, the EFRAG suggests that the IASB should “ensure in its due process that agenda decisions only contain explanatory material and references to the mandatory content of IFRS Standards and that diversity in practice and IFRS-like guidance is addressed through standard-setting such as through the annual improvements process.”

Comments on EFRAG's draft comment letter are requested by 12 July 2019. For more in­for­ma­tion, see the press release and the draft comment letter on the EFRAG website.

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