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IFRS 9 included in the EFRAG status report again

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

19 Dec 2014

The European Financial Reporting Advisory Group (EFRAG) has published a new endorsement status report reflecting (i) the issuance of final amendments resulting from two implementation projects by the IASB yesterday, (ii) the issuance of final endorsement advice on 'Equity Method in Separate Financial Statements (Amendments to IAS 27)' today, and (iii) the fact that endorsement of IFRS 9 'Financial instruments' has been put onto the agenda of the European Union again.

Endorsement of IFRS 9 Financial Instruments had so far been "postponed", however, following the publication of the final version of IFRS 9 in July 2014 the European Commission requested the EFRAG to deliver its opinion on the new standard. A letter to that effect was included in the meeting papers for the 17 December 2014 meeting of the new EFRAG Board as was a timeline for possible IFRS 9 endorsement (please use the 'Download running order' in this EFRAG meeting announcement to access all public papers for the meeting). The new EFRAG status report concludes that endorsement of IFRS 9 for use in the European Union might be expected in the second half of 2015.

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