EFRAG proposes to support IFRIC 7
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.