The European Financial Reporting Advisory
Group (EFRGA) said it supports the international standard setter’s
exposure draft on offsetting financial assets and financial

EFRAG said the International Accounting
Standards Board (IASB) should consider early adoption of the
proposal as there is need for its adoption to be aligned with IFRS

But EFRAG has expressed some concern over the
level of detail required in the IASB’s proposal. It is urging the
standard setter to consider the exposure draft in the context of
existing disclosure requirements in IFRS 7 and to ensure the
standard remains consistent and balanced across topics.

The proposal on offsetting is open for comment
until 28 April 2011.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.