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On 22 February 2010, EFRAG published a draft comment letter (‘the DCL’) on the IASB’s Exposure Draft Financial Instruments: Amortised Cost and Impairment (‘the ED’). In the DCL EFRAG cautiously supported the proposals in the ED on conceptual grounds, but noted that it needed to further investigate the practical and implementation issues arising from the proposals. EFRAG therefore decided to conduct an outreach program to more clearly understand the operational concerns inherent in the proposals (‘the Consultation’).
As part of the Consultation, EFRAG has designed a questionnaire that can be downloaded below. The questionnaire includes a number of broad questions designed to provide structure to interviews with preparers.
The results of the Consultation will be considered by EFRAG at its meeting in early May 2010 and will assist in deciding on the most appropriate course of action in finalising its comment letter on the ED to the IASB. An analysis of responses to the questionnaire will be circulated to EFRAG TEG in a summarised form and no individual response or comment will be attributed.
Preparers from all industries are encouraged to participate in the Consultation. If you would like to participate please contact one of the EFRAG staff below to arrange an interview. Alternatively you can forward a written response to the questionnaire. The deadline for both written responses and interviews is 15 April 2010.
EFRAG staff contacts:
Project Managers
Kristy Robinson: kristy.robinson@efrag.org
Marius Van Reenen: marius.vanreenen@efrag.org
Acting Technical Director
Mario Abela: mario.abela@efrag.org |
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