28-10-2008 | EFRAG letter to the IASB on IFRS for Private Entities

EFRAG has written to the IASB to reiterate some of the comments it made in its comment letter on the ED of an IFRS for SMEs (now called IFRS for Private Entities) about the need for substantive and useful recognition and measurement simplifications. The letter also draws the IASB’s attention to a recent survey of the information needs of users of Private Entity financial statements undertaken by the German standard-setter. That survey confirms a number of the comments made in EFRAG’s comment letter.
	The letter can be downloaded below. The research paper of the German Accounting Standards Board to which the letter refers can be downloaded here.
Document : EFRAG letter to IASB on the IFRS for PEs.pdf
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