RSS-Feed
Restricted Area:  login:  password:  

05/12/2012 | EFRAG issues a Draft Comment Paper on 'Emissions Trading Schemes'

The European Financial Reporting Advisory Group (EFRAG) has published today the Draft Comment Paper on 'Emissions Trading Schemes'. Preliminary views are formulated and expressed at this stage of the due process.
Due to the lack of specific guidance for the accounting treatment of emission rights, diverging accounting practices have emerged for the accounting of assets and liabilities arising from participation in an Emissions Trading Scheme. For this reason, EFRAG welcomes the paper ‘Accounting of GHG Emissions Rights Reflecting Companies’ Business Models’ that was issued by the French standard setter Autorité des Normes Comptables (ANC) issued in May 2012, as it provides a basis to stimulate  a relevant debate. EFRAG believes that European constituents should consider the issues because Emission Trading Schemes affect many entities and have potentially material impacts.

EFRAG intends to publish a feedback statement of all comments received on the Draft Comment Paper, and on that basis, to make its recommendations to the IASB.

Comments are requested by 30 April 2013.

Document : Draft_Comment_Paper_on_Emissions_Trading_Schemes.pdf
Linked Project : click here

EFRAG (IVZW/AISBL) – 35 Square de Meeûs – 1000 Brussels (fifth floor) – Belgium legal notice | site map | powered by devcreator