EFRAG – call for comments on draft endorsement advice on IFRS 9

EFRAG – call for comments on draft endorsement advice on IFRS 9

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LAPFF has responded to the draft endorsement advice by the European Financial Reporting Advisory Group (EFRAG) on the proposed replacement of EU-IAS 39 with IFRS 9. LAPFF believes that EFRAG has been lacking objective and transparent legal criteria for assessing the true and fair view principle of the law for IFRS endorsement and as a result has not been following the correct model of true and fair view in endorsing IFRS.

 

 

 

LAPFF