EFRAG recommends deferring further work as the IASB and the FASB are currently involved in a joint project on distinguishing equity from liabilities.
EFRAG recommends deferring further work as the IASB and the FASB are currently involved in a joint project on distinguishing equity from liabilities, and the outcome of this project is likely to change the current split between equity and liabilities.
Also, although EFRAG agrees that the introduction of the fair value method is an improvement from a measurement perspective, it needs to be accompanied by additional disclosures if some important information is not to be lost, EFRAG notes.
Comment letter
© EFRAG - European Financial Reporting Advisory Group
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