EFRAG recommends endorsement of IFRS 9, but withholds comments on insurance industry

Posted by on 15 September, 2015
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The European Financial Reporting Advisory Group (EFRAG) has finalised the long-awaited endorsement advice on IFRS 9 ‘Financial Instruments’. EFRAG states that ‘overall IFRS 9 is conducive to the European public good, except for the impact on the insurance industry of applying IFRS 9 before the finalisation of the forthcoming insurance contracts standard’.

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