10-7-2009 | EFRAG requests comments on its initial assessment of the Amendments to IFRS 2 - Group Cash-settled Share-Based Payment Transactions

Today EFRAG is issuing a draft endorsement advice and effect study report of the Amendments to IFRS - Group Cash-settled Share-based Payment Transactions and is asking for comment on this material. Comments are requested by 4 September 2009.
	EFRAG is consulting both on its initial assessment of the Amendments against the EU endorsement criteria and on its assessment of the costs and benefits that would arise from their implementation in the EU. The Amendments clarify the scope of IFRS and the accounting for group cash-settled share-based payment transactions in the separate or individual financial statements of the entity receiving the goods or services when the entity does not have the obligation to settle the transaction. The Amendments also incorporate the guidance included in IFRIC 8-Scope of IFRS 2 and IFRIC 11-Group and Treasury Share Transactions. EFRAG's initial assessment is that the Amendments meet the criteria for endorsement in the EU and that the benefits that will arise from their implementation are likely to exceed the costs incurred to implement them.
Document : IFRS 2 Amendment - Invitation to Comment.v2.doc
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