In its comment letter, EFRAG supports the proposed amendments as they clarify the existing requirements in IAS 1.

EFRAG also recommends that additional guidance is provided in certain situations when a right to defer settlement is subject to conditions that are assessed after the reporting period and when the timing of a liability is uncertain.

Finally, EFRAG suggests that the IASB further explores whether current guidance always provides the most relevant information when rights to defer settlement are not substantive.

EFRAG’s comment letter