EFRAG issues final endorsement advice on amendments to IFRSs
12 Mar 2014
The European Financial Reporting Advisory Group (EFRAG) has completed its due process for the IASB’s Annual Improvements to IFRSs (2010-2012 cycle) and (2011-2013 cycle). In both cases, the EFRAG has expressed their support of the amendments and has recommended their adoption to the European Commission.
The annual improvements for the 2010-2012 cycle provides amendments to seven Standards (IFRS 2, IFRS 3, IFRS 8, IFRS 13, IAS 16, IAS 24 and IAS 38), while the 2011-2013 cycle amends four standards (IFRS 1, IFRS 3, IFRS 13, IAS 40).
For more information, see (links to EFRAG website):
- Annual Improvements 2010-2012 cycle
- Annual Improvements 2011-2013 cycle
In addition, the EFRAG has updated its endorsement status report to reflect these final endorsements.
