EFRAG finalises consultation document on the IASB Exposure Draft of a new Conceptual Framework

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

09 Nov 2015

In July 2015, the European Financial Reporting Advisory Group (EFRAG) published a 'consultation paper' rather than a 'draft comment letter' on the proposed new Conceptual Framework for Financial Reporting as EFRAG had not fully concluded on its preliminary views. The consultation document with preliminary views has now been finalised.

The finalised perliminary views only differ slightly from the position published in July. These changes concern the position on stewardship and on users of general purpose financial statements. EFRAG has published a document explaning the changed position, which can be downloaded from the EFRAG website.

Given it took EFRAG four months to finilase its preliminary views after publishing the first consultation document, the deadline for submitting comments on EFRAG's final preliminary position is now very short. Comments are requested by 18 November 2015. Please click for the press release on the EFRAG website.

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