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EFRAG asks for more time to consider IASB proposals

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19 Dec 2011

The European Financial Reporting Advisory Group (EFRAG) has written to the IASB to request that the comment period on the Exposure Draft 'Revenue from Contracts with Customers' be extended by 60 days and that the comment period on the Review Draft on General Hedge Accounting is set such that constituents have three months, outside their year-end closing period, to respond and participate in field-testing activities.

The request follows an earlier EFRAG request for the IASB to consider a deferral of the effective date of the 'suite of standards' on consolidation, joint arrangement and disclosures (see our earlier story).

Click for access to the EFRAG letter (link to EFRAG website).

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