9 September 2011: EFRAG draft comment letter on IASB’s exposure draft on the mandatory effective date of IFRS 9
Posted by mostafa on 9 September, 2011
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The European Financial Reporting Advisory Group (EFRAG) has issued its draft comment letter on the IASB Exposure Draft, Mandatory Effective Date of IFRS 9. In this draft letter, EFRAG agrees that there should be a delay in the effective date of IFRS 9 ‘Financial Instruments’, but expresses concern about the revised effective date of 1 January 2015.