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26/02/2015 - EFRAG requests comments on its Draft Endorsement Advice on Disclosure Initiative - Amendments to IAS 1

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of Disclosure Initiative - Amendments to IAS 1 (the Amendments). It is consulting both on its assessment of the Amendments against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from their implementation and application in the EU. Comments are requested by 27 March 2015.


In December 2014, the IASB issued Disclosure Initiative - Amendments to IAS 1 (the Amendments). The Amendments, which are effective for annual periods beginning on or after 1 January 2016; clarify some of the presentation and disclosure requirements contained in IAS 1 Presentation of Financial Statements. 

EFRAG has issued an Invitation to Comment relating to the endorsement of the Amendments for use in the European Union and European Economic Area.

EFRAG's initial assessment is that the Amendments satisfy all criteria for EU endorsement and EFRAG should therefore recommend their endorsement.

EFRAG welcomes comments on all aspects of its assessments and conclusions.

Comments are requested by 27 March 2015.

The Invitation to Comment and the Draft Letter to the European Commission are available here: