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EFRAG endorsement recommendation on guarantees

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

25 Oct 2005

In August, the IASB amended the provisions relating to financial guarantee contracts that are in IAS 39 Financial Instruments: Recognition and Measurement and IFRS 4 Insurance Contracts.

The European Financial Reporting Advisory Group (EFRAG) has reviewed those amendments and, in a letter to the European Commission, has recommended that the Commission endorse the guarantee contract amendments for use in Europe. Click to download EFRAG Endorsement Letter (PDF 17k).

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