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Updated EFRAG endorsement status report for draft endorsement advice letter on amendments to IAS 16 and IAS 41

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

23 Jul 2014

The European Financial Reporting Advisory Group (EFRAG) has updated its Endorsement Status Report to include its draft endorsement advice letter on 'Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41)'.

The IASB issued the amendments to IAS 16 Property, Plant and Equipment and IAS 41 Agriculture on 30 June 2014. They are effective for annual periods beginning on or after 1 January 2016, with earlier application being permitted. The draft endorsement advice letter seeks comments on the assessment of the amendments against the technical criteria for endorsement in the EU and on the initial costs and benefits of implementing and applying the amendments in the EU. Comments are requested by 5 September 2014.

The endorsement status report, dated 23 July 2014, is available here.

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.