EFRAG is consulting both on its initial assessment of the Amendments tested against the EU endorsement criteria and on its assessment of the costs and benefits that would arise from their implementation in the EU.
EFRAG is consulting both on its initial assessment of the Amendments tested against the EU endorsement criteria and on its assessment of the costs and benefits that would arise from their implementation in the EU.
The Amendments clarify the scope of
IFRS and the accounting for group cash-settled share-based payment transactions in the separate or individual financial statements of the entity receiving the goods or services when the entity does not have the obligation to settle the transaction. The Amendments also incorporate the guidance included in
IFRIC 8-
Scope of IFRS 2 and
IFRIC 11-
Group and Treasury Share Transactions.
EFRAG's initial assessment is that the Amendments meet the criteria for endorsement in the EU and that the benefits that will arise from their implementation are likely to exceed the costs incurred to implement them.
The deadline for the consultation is 4 September 2009
© EFRAG - European Financial Reporting Advisory Group
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