EFRAG supports conclusions in DI/2015/2

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

13 Nov 2015

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on IFRS Interpretations Committee exposure draft DI/2015/2 'Foreign Currency Transactions and Advance Consideration'.

In its draft comment letter, EFRAG welcomes the guidance proposed in the draft interpretation, as it will help reduce the identified diversity in practice. EFRAG also agrees with the proposed consensus and believes it is consistent with the underlying principles in IAS 21 The Effects of Changes in Foreign Exchange Rates.

Please click to access the draft comment letter on the EFRAG website. Comments are requested by 13 January 2016.

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