Measurement in 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: