European reporting group to evaluate IAS39

Link: IAS special report

EFRAG has called an open meeting of its Technical Experts Group on 22 September in Brussels, with the objective of technically evaluating the Commission’s carve-out proposal for the contentious standard.

Members will evaluate whether certain provisions related to hedge accounting would lead to a technically robust, sound and consistent solution.

‘The aim is not to evaluate whether the carve-out solution in principle is the preferred option,’ EFRAG said.

Comments must be sent to the EFRAG secretariat by the 21 September.

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