EFRAG endorsement recommendation on guarantees
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).