This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

EFRAG draft comment letter on IFRS for SMEs draft Q&As

  • efrag.gif Image

02 Dec 2011

The European Financial Reporting Advisory Group (EFRAG) has issued its draft comment letter on the SME Implementation Group's (SMEIG) two draft questions and answers.

For the draft Q&A Fallback to IFRS 9 Financial Instruments, the EFRAG agress with the answer provided and thinks the Q&A should be issued. In regards to draft Q&A Recycling of cumulative exchange differences on disposal of a subsidiary, the EFRAG also agrees with the answer provided but does not think the Q&A should be issued.

Comments on the letter are invited by 18 January 2012. The draft comment letter can be downloaded via the press release on EFRAG's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.