Updated EFRAG endorsement status report
30 May 2013
The European Financial Reporting Advisory Group (EFRAG) has updated its report showing the status of endorsement, under the EU Accounting Regulation, of each IFRS, including standards, interpretations, and amendments. The latest report reflects the publication of 'Recoverable Amount Disclosures for Non-Financial Assets' (Amendments to IAS 36) by the IASB.
On 29 May 2013, the IASB published amendments to IAS 36 which provided guidance to address disclosure about the recoverable amount of impaired assets if that amount is based on fair value less costs of disposal. The EFRAG has therefore updated its endorsement status report. Endorsement of these of the amendments for application in Europe might be expected in the first quarter of 2014.
Please click for the EFRAG Endorsement Status Report as of 30 May 2013.
