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17 July 2012

EFRAG(欧州財務報告アドバイザリーグループ)とASB(英国会計基準審議会):プロジェクト「会計基準の影響を考える」に関するポジションペーパー及びフィードバック


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The EFRAG and the ASB of the FRC published the Position Paper, 'Considering the Effects of Accounting Standards', together with the related Feedback Statement.


The Position Paper has been developed as part of EFRAG’s proactive agenda to contribute to improving the way in which accounting standard setters develop and implement standards throughout their due process, from start to finish. EFRAG and the ASB have finalised the position paper and the feedback statement that they jointly developed on ‘Considering the Effects of Accounting Standards’. Comment letters were received from Europe, but also from a wider audience, in the public consultation to the Discussion Paper, ‘Considering the Effects of Accounting Standards’, published in January 2011, and that input has proven to be invaluable to EFRAG and the ASB.
 
EFRAG and the ASB express the view that ‘effect analysis’ should be integrated into the standard-setting process over the life cycle of projects, from the agenda proposal stage through to the final standard stage,  in order to enhance further the transparency of the due process and  to increase the accountability and credibility of the standard-setter. Effect analysis may be used to assess the extent to which a standard will meet its intended outcomes, as defined at the outset of the project.

The paper affirms that the standard-setter should primarily assess the effects of a standard from the standpoint of whether it contributes to the delivery of improved financial reporting. Micro-economic effects, that are the effects on investors and reporting entities, should be the focus of the standard-setter. Potential macro-economic effects, if identified, should trigger communication with relevant authorities, so that appropriate actions or coordination can take place.

Reflecting on comments received, EFRAG and the ASB have limited their recommendations to setting out an outline process (objective and key steps) for effect analyses. A detailed methodology should be developed by the standard-setter, after gaining benefit from practical experience. The IFRS Foundation has asked the IASB to take action to that end. EFRAG and the ASB are ready to contribute to this effort.

Press release

Final Position Paper

Final Feedback Statement



© EFRAG - European Financial Reporting Advisory Group


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