EFRAG tentatively agrees to endorse IFRIC 12
30 Jan 2007
The European Financial Reporting Advisory Group (EFRAG) held a special meeting on 23 January 2007 at which it discussed its draft endorsement advice on IFRIC 12 Service Concession Arrangements.
At the end of the discussion, EFRAG members voted 5 to 4, with 3 abstentions, in favour of issuing a positive draft endorsement advice. A draft endorsement letter, with a basis for conclusions and views from the dissenters, will be published for comment in the next week, with a comment deadline around the end of February.
Click for IAS Plus IFRIC 12 page.