EFRAG issues draft endorsement advice on amendments to IAS 40

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

21 Feb 2017

The European Financial Reporting Advisory Group (EFRAG) has issued for comment its draft endorsement advice for the use of 'Transfers of Investment Property (Amendments to IAS 40)' in the European Union (EU).

In December 2016, the IASB issued the amendments to IAS 40 to clarify transfers of property to, or from, investment property. 

The EFRAG has performed a preliminary assessment of the amendments to IAS 40 and believes the amendments meet the tech­nical re­quire­ments of the Reg­u­la­tion (EC) No 1606/2002 of the European Par­lia­ment and of the Council on the ap­plic­a­tion of in­ter­na­tional ac­count­ing stand­ards.   

In addition, the EFRAG has updated its endorsement status report and is requesting comments on its preliminary conclusions by 20 March 2017. 

For more information, see the press release, draft endorsement advice and the invitation to comment on the EFRAG’s website.

Related Topics

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.