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06/04/2016 - Measurement in the IFRS Conceptual Framework

​EFRAG has issued supplementary proposals related to the Measurement Chapter of the IFRS Conceptual Framework

​In its comment letter to the IASB on the Exposure Draft Conceptual Framework for Financial Reporting, EFRAG raised its concern that the Exposure Draft does not provide the expected guidance on how to select a measurement basis. EFRAG decided to provide detailed recommendations as to how the Exposure Draft could easily be expanded to provide the necessary guidance. This project resulted in the paper that will be discussed at the ASAF meeting on 7 April 2016.

The document is available here:

EFRAG paper on measurement for April 2016 ASAF meeting.pdf