25 October 2018. EFRAG seeks feedback from users to assess the impact of the IASB’s Discussion Paper Financial Instruments with Characteristics of Equity on the distinction between debt and equity. EFRAG invites you to complete our user online survey by 26 November 2018. For the survey click here.
As you probably know, the IASB is reviewing the requirements for distinguishing debt from equity currently set-out in IAS 32 Financial Instruments: Presentation. The proposed changes affect classification, presentation and disclosure of financial instruments that are liabilities or equity. You can find more details in the IASB Discussion Paper Financial Instruments with Characteristics of Equity (DP).
On 28 August 2018, EFRAG issued its draft comment letter to the DP with a comment period deadline of 3 December 2018. To inform its final comment letter, and during the open consultation period, EFRAG is conducting an early stage impact assessment that includes obtaining feedback from users on the usefulness of the proposed changes. EFRAG would welcome your response to our survey. The pdf version is attached for your convenience.
The survey would take approximately 30 minutes to complete. You can interrupt it at any time and come back to where you left if needed. The deadline to complete the survey is 26 November 2018.
Your participation will help us enrich the quality and representativeness of the overall findings.
Please read the complete document here