EFRAG recommends public fatal flaw review of IASB pronouncements
Posted by mostafa on 30 September, 2014
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The European Financial Reporting Advisory Group (EFRAG) has written a letter to the International Accounting Standards Board (IASB) recommending that prior to finalisation of a standard or a major amendment to a standard a public fatal flaw review should take place. EFRAG believes that this would enhance the IASB’s quality control procedures.