World Accounting Report
Endorsement advice on IFRS 4 and financial instruments
EFRAG has published draft endorsement advice on which it is asking constituents for comment. The advice is to endorse the proposed amendments to IFRS 4 to mitigate the effects of the difference in application date of IFRS 9 and the eventual new insurance standard. EFRAG says the circumstances are unique, and no solution is likely to suit all companies.