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21/12/2016 - EFRAG calls for more guidance on asymmetry in the Conceptual Framework

​​EFRAG has submitted a letter to the IASB asking for the Conceptual Framework to include directions for the use of asymmetry.

​​In its letter, EFRAG notes that it is pleased that the IASB's tentative decisions on the treatment of asymmetry in the Conceptual Framework reflects the view of EFRAG that asymmetry is an important idea that should be considered in the development of accounting standards. EFRAG, however, considers that the Conceptual Framework should provide some direction as to the circumstances in which asymmetry may and may not play a part.

EFRAG's letter to the IASB is available here.