EFRAG issues two final endorsement advices and effects study reports on the amendments to IFRS 11 and IAS 16/IAS 38

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

25 Jul 2014

The European Financial Reporting Advisory Group (EFRAG) has submitted to the European Commission its endorsement advice letter and effects study report on the amendments to IFRS 11 regarding the acquisitions of interests in joint operations and the amendments to IAS 16 and IAS 38 on acceptable methods of depreciation and amortisation.

In both cases, the EFRAG supports the adoption of the amendments and recommends that the European Commission endorses the amendments because it believes implementation that the benefits for preparers and users implementing the amendments outweigh the costs.

Concurrently, EFRAG has updated its report showing the status of endorsement to reflect the final EFRAG endorsement advices.

Click for the following information on the EFRAG website:

Amendments to IFRS 11Amendments to IAS 16 and IAS 38

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