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29 October 2010

EFRAG: Final comment letter on IASB ED removal of fixed dates for first-time adopters (proposed amendments to IFRS 1)


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EFRAG hat seine endgültigen Stellungnahme zu ED 2010/10 des IASB - Entfernung von festen Terminen für Erstanwender (vorgeschlagener Änderungen an IFRS 1) veröffentlicht. EFRAG stimmt den Vorschlägen und die Begründung des Exposure Drafts zu.


EFRAG supports the proposed changes to IFRS 1 First-time Adoption of International Financial Reporting Standard (‘IFRS 1’). Specifically, EFRAG:
(a) agrees that the fixed dates in IFRS 1 should be changed to the ‘date of transition to IFRS’ so that the exception is meaningful to entities that are planning to adopt IFRS in the future; and
(b) supports the rationale for amendment on the basis that the benefits would likely exceed the costs involved.


© EFRAG - European Financial Reporting Advisory Group


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