3-4-2009 | EFRAG requests comments on its initial assessments of Amendments to IFRS 7 Improving Disclosures about Financial Instruments

EFRAG is today issuing a draft endorsement advice letter and a draft effect study report relating to the endorsement of the Amendments to IFRS 7 Improving Disclosures about Financial Instruments and is asking for comments on this material. EFRAG is consulting both on its initial assessment of the Interpretation against the EU endorsement criteria and on its assessment of the costs and benefits that would arise from the implementation of the Interpretation in the EU. Comments are requested by 15 May 2009.
	EFRAG's initial assessment is that the Amendments to IFRS 7 Improving Disclosures about Financial Instruments meets the criteria for EU endorsement and that the benefits that will arise from its implementation in the EU are likely to exceed the costs incurred in implementing it.
Document : EFRAGs ITC IFRS 7 Improving Disclosures About Financial Instruments.doc
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