2-11-2009 | EFRAG requests comments on its draft endorsement advice and draft effects study report on IFRS 9 Financial Instruments relating to classification and measurement of financial assets

IFRS 9 Financial Instruments is the first phase of the IASB's replacement of IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 amends the classification and measurement requirements for financial assets. EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of IFRS 9. It is consulting both on its assessment of IFRS 9 against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of IFRS 9 in the EU. Comments are requested by 13 November 2009.
Document : EFRAG draft endorsement advice and effects study report on IFRS 9 invitation to comment.doc
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