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03/06/2020 - EFRAG has published its Final Comment Letter in response to the IASB's ED Classification of Liabilities as Current or Non-current - Deferral of Effective Date

​​EFRAG has published its Final Comment Letter​  in response to the IASB's Exposure Draft ED/2020/3 Classification of Liabilities as Current or Non-current - Deferral of Effective Date​ (proposed amendments to IAS 1)​.


​On 4 May 2020 the IASB issued the Exposure Draft ED/2020/3 Classification of Liabilities as Current or Non-current - Deferral of Effective Date (proposed amendments to IAS 1) (the 'ED'), which proposes to amend IAS 1 Presentation of Financial Statements​. ​EFRAG has published its Final Comment Letter in response to this Exposure Draft on 3 June 2020.

EFRAG supports the proposed amendments as EFRAG ​considers that the advantages of a deferral during a time of significant disruption such as the current circumstances, due to the covid-19 pandemic​, would outweigh the disadvantages, as earlier application of the amendments will continue to be permitted. ​​

The Final Comment Letter to the IASB can be found here​.