EFRAG Endorsement Advice on Annual Improvements to IFRS Standards 2015-2017 Cycle
In December 2017, the IASB issued Annual Improvements to IFRS Standards 2015–2017 Cycle, a collection of amendments to IFRS Standards, in response to the issues addressed during the 2015-2017 cycle.
The Amendments reflect issues discussed by the IASB during the project cycle that began in 2015, and that were issued on 12 January 2017 (ED/2017/1) and on 28 June 2016
(ED/2016/1). The amendments are effective for annual periods beginning on or after 1 January 2019 although entities are permitted to apply them earlier.
EFRAG has submitted its Endorsement Advice relating to the Amendments for use in the European Union and European Economic Area. EFRAG assesses that the Amendments meet all technical endorsement criteria of the IAS Regulation and are conducive to the European public good. It therefore recommends their endorsement. EFRAG's recommendation is explained in the letter to the European Commission and the accompanying appendices.
The Endorsement Advice Letter to the European Commission can be found here.
EFRAG has also updated its Endorsement Status Report, which can be downloaded here on EFRAG's web page.