In 2018, EFRAG actively served the European public interest by developing and promoting European views in the field of financial and corporate reporting.
Highlights include EFRAG's continued work on IFRS 17 Insurance Contracts including case studies and user outreach culminating in the IASB’s re-deliberations of IFRS 17; EFRAG’s work on the EC requests relating to the potential effect on long-term investment of IFRS 9’s requirements on accounting for equity instruments; and EFRAG’s position on the IASB project Financial Instruments with Characteristics of Equity with inputs resulting from a wide outreach programme as well as an early stage analysis.
After a public consultation on its research agenda EFRAG initiated three new research projects. Furthermore, EFRAG launched the European Corporate Reporting Lab following a request of the EC in its March 2018 Action Plan.
The Annual Review is available here.
You can download the Annual Review 2018