EFRAG seeks views on financial guarantees
14 Sep 2005
The European Financial Reporting Advisory Group (EFRAG) has invited comments on its Draft 'Endorsement Advice' Letter (PDF 20k) to the European Commission on the IASB's August 2005 amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 4 Insurance Contracts relating to Financial Guarantee Contracts.
EFRAG supports the amendments and proposes to recommend their adoption for use in Europe. Comments are due by 14 October 2005.