Accounting for long-term investments in equity instruments – Part II

In the first instalment of this article, Dawn Robey examined the background to EFRAG’s recently published advice to the European Commission on the suitability of IFRS 9, Financial Instruments, for businesses holding long-term investments in equity instruments. This concluding part analyses responses concerning the need for IFRS 9 to change, along with the accounting treatment of other equity-like investments and technical considerations in the Conceptual Framework.