EFRAG proposes to support IFRIC 7

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

13 Dec 2005

The European Financial Reporting Advisory Group has invited comments on its draft letter to the European Commission proposing to recommend that IFRIC 7 Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies be adopted for use in Europe.

EFRAG seeks comments on its proposal by 9 January 2006. You can download the draft letter from EFRAG's Website.

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