4. January 2016

ASCG submits comment letter regarding IAS ED/2015/10

Today, the ASCG has submitted its comment letter regarding the ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle to the IASB as well as to EFRAG. In its comment letter, the ASCG agrees with the proposed amendments to IFRS 1, IFRS 12 and IAS 28. However, the ASCG suggests reconsidering the borderline between (a) narrow-scope and non-urgent amendments, that should be fed into a single annual “omnibus” amendment (i.e. the AIP), and (b) narrow-scope but urgent issues, that warrant a separate narrow-scope amendment. (comment letter to IASB/ to EFRAG).