Updated EFRAG endorsement status report reflects EU adoption of IFRIC 21 and draft endorsement advice letter on IFRS 11 amendments
16 Jun 2014
The European Financial Reporting Advisory Group (EFRAG) has updated its Endorsement Status Report to reflect that the European Union has published a Commission Regulation endorsing IFRIC 21 'Levies'. In addition, the report has been updated for the issuance of a draft endorsement advice letter on the amendments to IFRS 11.
IFRIC 21 is effective in the EU for annual periods beginning on or after 17 June 2014, however, earlier application is permitted so EU companies can adopt in accordance with the IASB effective date (1 January 2014).
The endorsement status report, dated 16 June 2014, is available here.
