EFRAG concludes that adoption of IFRS 9 is conducive to the European public good

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The European Financial Reporting Advisory Group (EFRAG) has published a draft endorsement advice on IFRS 9 ‘Financial Instruments’. Endorsement of IFRS 9 had been “postponed” in the European Union, 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.

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