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EFRAG news

• 12/09/2018 - EFRAG Endorsement Status Report Update

  ​The ARC voted by written procedure on IAS 28 - Long-Term Interest in Associates and Joint Ventures.

• 30/08/2018 - EFRAG Update August 2018

  ​The August 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 15/08/2018 - EFRAG Endorsement Status Report Update

  ​The ARC votes by written procedure on  IFRIC 23 and Annual Improvements to IFRS Standards 2015-2017 are now reflected in the EFRAG Endorsement Status Report.

• 31/07/2018 - EFRAG Update July 2018

  ​The July 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 18/07/2018 - EFRAG privacy policy update

  ​EFRAG has updated its privacy policy.  ​
  

• 12/07/2018 - Bilateral meeting between EFRAG and ASBJ

  ​Representatives of EFRAG and the Accounting Standards Board of Japan (ASBJ) met on 11 July 2018, in Brussels, Belgium. Both provided updates on their respective activities and exchanged views on the opportunities for cooperation.​​
  

• 27/06/2018 - EFRAG Update June 2018

  ​The June 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 05/06/2018 - EFRAG Update May 2018

  The May 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 25/05/2018 - Symposium on different business models and consistent reporting

  ​EFRAG and the OIC sponsor high-level panel discussion at the 41^st EAA congress in Milan.

• 25/04/2018 - EFRAG Update April 2018

  The April 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 05/04/2018 - EFRAG has a new main telephone number

  EFRAG's main telephone number has been changed and you can now reach us at +32 (0)2 207 93 00.
  

• 03/04/2018 - EFRAG Endorsement Status Report - Update

  ​The endorsement by the European Commission of IFRIC 22 Foreign Currency Transactions and Advance Consideration is now reflected in the Endorsement Status Report. 

• 29/03/2018 - EFRAG Endorsement Status Report - Update

  The Endorsement Status Report now reflects the publication of Amendments to References to the Conceptual Framework in IFRS Standards by the IASB on 29 March 2018.

• 28/03/2018 - EFRAG Update March 2018

  The March 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.​​

• 26/03/2018 - EFRAG Endorsement Status Report - Update

  ​The endorsement by the European Commission of Prepayment Features with Negative Compensation (Amendments to IFRS 9) is now reflected in the Endorsement Status Report.

• 21/03/2018 - Annual Review 2017

  ​EFRAG has published its Annual Review 2017. Find out how EFRAG is working to deliver financial reporting in Europe's interest. 

• 15/03/2018 - EFRAG Endorsement Status Report - Update

  ​The endorsement by the European Commission of Transfers of Investment Property (Amendments to IAS 40) is now reflected in the Endorsement Status Report.

• 06/03/2018 - Perception audit of EFRAG published

  ​EFRAG commissioned an independent perception audit in the fourth quarter of 2017 to gauge awareness of its work in the financial reporting community and provide a snapshot of the organisation's progress in delivering on its European public interest mission.  ​​​
  

• 05/03/2018 - EFRAG is going live!

  ​​EFRAG is excited to announce that it will start broadcasting its public meetings from March 2018 onwards. To register to our first live EFRAG TEG meeting, please click here.

• 28/02/2018 - EFRAG Update February 2018

  ​The February 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 27/02/2018 - EFRAG Endorsement Status Report - Update

  ​The endorsement by the European Commission of Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2) is now reflected in the Endorsement Status Report.

• 08/02/2018 - EFRAG Endorsement Status Report - Update 8 February 2018

  ​The endorsement by the European Commission of Annual Improvements to IFRS Standards 2014-2016 Cycle is now reflected in the EFRAG Endorsement Status Report.

• 07/02/2018 - EFRAG Endorsement Status Report - Update 7 February 2018

  ​The Endorsement Status Report now reflects the publication of ​Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) by the IASB on 7 February 2018 and other timing changes.

• 26/01/2018 - EFRAG Open Call for Tenders related to IFRS 17 Insurance Contracts

  ​EFRAG has issued today an open call for tenders to assist EFRAG in its impact analysis of IFRS 17 Insurance Contracts. EFRAG is specifically looking for economic and behavioural expertise as input to EFRAG's endorsement advice on IFRS 17.

• 26/01/2018 - EFRAG Update January 2018

  ​The January 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 20/12/2017 - EFRAG Update December 2017

  ​The December 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 19/12/2017 - Happy Holidays!

  ​​On behalf of everyone at EFRAG, we wish you a happy holiday season. 
  

• 15/12/2017 - EFRAG Endorsement Status Report - Update 15 December 2017

  ​The Endorsement Status Report now reflects:

  • the publication of EFRAG's draft endorsement advice letter and invitation to comment on Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) on 15 December 2017; and
  • the publication of Annual Improvements to IFRS Standards 2015-2017 Cycle by the IASB on 12 December 2017.

• 11/12/2017 - New EFRAG TEG composition announced

  ​The new EFRAG Technical Expert Group (TEG) composition, effective 1 April 2018, has been approved by the EFRAG Board. EFRAG TEG welcomes two new members, Emmanuelle Guyomard and Jed Wrigley, as Nicolas de Paillerets and Serge Pattyn retire as EFRAG TEG members​. Nicklas Grip is reappointed as EFRAG TEG Vice-Chairman and five other members are also reappointed: Ana Cortez, Guenther Gebhardt, Heinz Hense, Soren Kok Olsen and Andrew Spooner.​
  

• 08/12/2017 - Philippe Maystadt

  ​It is with great sadness that EFRAG acknowledges the passing away of Philippe Maystadt on 7 December.

• 27/11/2017 - EFRAG Update November 2017

  ​The November 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 09/11/2017 - EFRAG Endorsement Status Report - Update 9 November 2017

  ​The European Commission has endorsed the following IFRS Standards and amendments:

  • IFRS 16 Leases
  • Clarifications to IFRS 15 Revenue from Contracts with Customers
  • Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4)
  • Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12)
  • Disclosure Initiative (Amendments to IAS 7)

• 30/10/2017 - EFRAG Update October 2017

  ​The October 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 26/10/2017 - New EFRAG Board appointed

  ​The composition of the new EFRAG Board has been unanimously agreed by the EFRAG General Assembly.
  

• 26/10/2017 - EFRAG welcomes ICAC as its latest member organisation

  Further to the EFRAG General Assembly ICAC, the Spanish standard setter, has joined EFRAG.
  
  

• 12/10/2017 - EFRAG Endorsement Status Report 12 October 2017

  ​The publication of Prepayment Features with Negative Compensation (Amendments to IFRS 9) and Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) on 12 October 2017 are now reflected in the Endorsement Status Report. 

• 28/09/2017 - EFRAG Update survey

   Are you an EFRAG Update reader? Please help us improve our newsletter by completing this super short survey right now.

• 25/09/2017 - EFRAG Update September 2017

  The September 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded ​​below.

• 31/08/2017 - Introducing EFRAG

  ​A new brochure providing a brief overview of EFRAG's work and highlighting the three core activities of the organisation.
  

• 28/07/2017 - EFRAG Update July 2017

  The July 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded ​below.​

• 19/07/2017 - EFRAG is recruiting an academic fellow with financial reporting expertise

  ​EFRAG is seeking an academic fellow with experience in financial reporting and IFRS to work with EFRAG during a sabbatical leave period of between 6 months and two years.

• 10/07/2017 - CALL FOR EFRAG TEG APPLICANTS

  ​EFRAG is calling for candidates for its Technical Expert Group (EFRAG TEG). Eight of the sixteen members of EFRAG TEG will reach the end of their current term of appointment on 31 March 2018. Six of these eight members are eligible for reappointment and two will reach the end of their maximum term and cannot be reappointed.

• 06/07/2017 - EFRAG Endorsement Status Report 6 July 2017

  ​The ARC vote by written procedure on Amendments to IAS 7, Amendments to IAS 12 and Clarifications to IFRS 15 is now reflected in the EFRAG Endorsement Status Report.

   

• 30/06/2017 - EFRAG Update June 2017

  The June 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded ​below.

• 29/06/2017 - EFRAG Endorsement Status Report 29 June 2017

  ​The ARC vote on IFRS 16 Leases and Amendments to IFRS 4 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts is now reflected in the EFRAG Endorsement Status Report.

• 15/06/2017 - EFRAG Annual Review 2016 now available

  ​Featuring recent highlights from the European voice in financial reporting, find out how EFRAG’s new leadership team has set about enhancing the organisation’s three core activities: providing upstream influence; improving IFRS; and delivering endorsement advice.
  

• 12/06/2017 - Changes to the composition of the EFRAG Board and EFRAG TEG

  ​EFRAG announces replacements in the EFRAG Board and EFRAG TEG. Chris De Noose has been appointed as EFRAG Board member on one of the banking seats and Ana Cortez has been appointed as EFRAG TEG member.

• 07/06/2017 - EFRAG Endorsement Status Report 7 June 2017

  ​The publication of IFRIC 23 Uncertainty over Income Tax Treatments on 7 June 2017 is now reflected in the Endorsement Status Report.

• 07/06/2017 - Invitation to nominate candidates to the new EFRAG Board

  ​European Stakeholder Organisations and National Standard Setters are invited to nominate candidates to serve as members of the EFRAG Board from 1 November 2017. The invitation coincides with EFRAG’s move to broaden its membership base. Having all European organisations with an interest in financial reporting and a wider geographical coverage helps EFRAG to fulfil its public interest mission of developing and promoting European views in the IASB standard-setting process and ensuring that new IFRS are suitable for Europe.

• 06/06/2017 - EFRAG Update May 2017

  The May 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded ​below.

• 31/05/2017 - European Commission interviews EFRAG President Jean-Paul Gauzès

  The President discusses the role of EFRAG in international financial reporting standard-setting, its relationship with the IASB, future priorities and how his political background contributes to his current role.
  

• 30/05/2017 - Joint meeting between EFRAG and the KASB

  ​Representatives of the European Financial Reporting Advisory Group (EFRAG) and the Korea Accounting Standards Board (KASB) held their second joint meeting on 15 May 2017 in Seoul.
  

• 18/05/2017 - EFRAG and the ASBJ hold bilateral meeting

  The third bilateral meeting between EFRAG and the Accounting Standards Board of Japan (ASBJ) ​took place on 17 and 18 May 2017 
  

• 18/05/2017 - EFRAG Endorsement Status Report 18 May 2017

  ​The publication of IFRS 17 Insurance Contracts on 18 May 2017 is now reflected in the Endorsement Status Report.

• 03/05/2017 - EFRAG Update April 2017

  The April 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below​.

• 05/04/2017 - EFRAG Academic Panel and new Academic Network to boost EFRAG’s evidence-based work on financial reporting

  EFRAG TEG approves composition of the EFRAG Academic Panel and greenlights the establishment of the EFRAG Academic Network.

• 03/04/2017 - EFRAG announces the new composition of its Rate-regulated Activities Working Group

  ​EFRAG TEG approves renewed composition of the EFRAG Rate-regulated Activities Working Group.

• 31/03/2017 - EFRAG Update March 2017

  The March 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.​

• 21/03/2017 - EFRAG seeking to broaden its membership

  ​EFRAG membership provides an opportunity to contribute to EFRAG’s public interest mission by developing and promoting European views in the field of financial reporting and ensuring these views are properly considered in the IASB standard-setting process and in related international debates.

• 01/03/2017 - European Council and European Parliament express confidence in EFRAG governance

  ​​EFRAG welcomes the provisional agreement reached between the Maltese Presidency and the European Parliament representatives on EFRAG’s funding.

• 28/02/2017 - EFRAG announces the composition of its Pension Plans Advisory Panel

  ​EFRAG TEG has approved in its February  meeting the composition of the EFRAG Pension Plans Advisory Panel.

• 27/02/2017 - EFRAG Update February 2017

  The February 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.​

• 31/01/2017 - EFRAG Update January 2017

  The January 2017 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 19/01/2017 - EFRAG calls for new members of its EFRAG Rate-regulated Activities Working Group

  ​EFRAG has decided to renew the membership of its Rate-regulated Activities Working Group (EFRAG RRAWG).

• 17/01/2017 - EFRAG calls for candidates for its Advisory Panel on Pension Plans

  ​EFRAG has started a Research project to investigate possible improvements to the current requirements for accounting for pension plans under IFRS. EFRAG’s current focus is on plans that provide benefits linked to the return on specified assets. To provide expert advice on the project, EFRAG is setting up a pan-European Advisory Panel. If you are interested, please write to us at nominations@efrag.org by 20 February 2017.

• 16/01/2017 - NEW EFRAG TEG COMPOSITION – APRIL 2017

  ​On 13 December, the EFRAG Board decided to appoint Silvia Dinova (Grant Thornton, Bulgaria) as a new member of EFRAG TEG. The Board also reappointed Geert Ewalts, Günther Gebhardt, Heinz Hense, Andrew Spooner and Ambrogio Virgilio as EFRAG TEG members for a new term.

• 13/01/2017 - EFRAG calls for candidates for its new Academic Panel

  ​Research activities will be increasingly important in the IASB and EFRAG work plans in the coming years. The academic community can provide valuable input on many aspects of these activities.  EFRAG intends to strengthen its relationship with the academic community by setting up an Academic Panel on financial reporting and accounting and is therefore launching a call for nominations to the Panel. If you are interested, please write to us at nominations@efrag.org by 1 March 2017.

• 21/12/2016 - EFRAG Update December 2016

  The December 2016 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below​.

• 19/12/2016 - BEST WISHES!

  ​On behalf of everyone at EFRAG, we thank you for your contribution to our activities in 2016 and we are looking forward to our continued cooperation in 2017. Merry Christmas and all the best for 2017!

• 16/12/2016 - Appointment EFRAG Board Vice-President and EFRAG General Assembly Nominating Committee

  ​The EFRAG General Assembly appointed in its meeting of 15 December, Andreas Barckow, President of the German Standard Setter ASCG as Vice- President of the EFRAG Board. The EFRAG General Assembly confirmed the composition of the EFRAG General Assembly Nominating Committee.

• 08/12/2016 - EFRAG Endorsement Status Report 8 December 2016

  ​Three IASB publications on 8 December 2016 are now reflected in the Endorsement Status Report.

• 29/11/2016 - EFRAG Endorsement Status Report 29 November 2016

  ​The endorsement by the European Commission of IFRS 9 Financial Instruments is now reflected in the EFRAG Endorsement Status Report.

• 28/11/2016 - EFRAG Update November 2016

  The November 2016 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below​.

• 02/11/2016 - EFRAG Update October 2016

  ​The October 2016 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 31/10/2016 - EFRAG Endorsement Status Report 31 October 2016

  ​The endorsement by the European Commission of IFRS 15 Revenue from Contracts with Customers including amendments to IFRS 15: Effective date of IFRS 15 is now reflected in the EFRAG Endorsement Status Report.

• 04/10/2016 - Reminder Call for EFRAG TEG Applicants – Contribute to European input in the IFRS process

  ​EFRAG is calling for candidates for its Technical Expert Group (EFRAG TEG). The present mandate period of six of the sixteen EFRAG TEG members expires on 31 March 2017 and the mandate of three country liaison members expires on 30 November 2016. All existing members are eligible for reappointment.  We remind you that the call is soon closing and recommend that all candidates should submit their candidatures preferably by 7 October 2016.

• 26/09/2016 - EFRAG Endorsement Status Report 23 September 2016

  ​The endorsement by the European Commission of Amendments to IFRS 10, IFRS 12 and IAS 28: Investment Entities - Applying the Consolidation Exception is now reflected in the EFRAG Endorsement Status Report.

• 19/09/2016 - EFRAG Update September 2016

  ​The September 2016 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.​

• 12/09/2016 - EFRAG Endorsement Status Report 12 September 2016

  ​The publication of Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) on 12 September 2016 is now reflected in the Endorsement Status Report.

• 29/07/2016 - EFRAG announces the new composition of its Insurance Accounting Working Group and Financial Instruments Working Group

  ​EFRAG TEG has approved in its July meeting the new composition of the EFRAG Insurance Accounting Working Group and the EFRAG Financial Instruments Working Group effective from 1 September 2016.

• 28/07/2016 - EFRAG Update July 2016

  The July 2016 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.​

• 20/07/2016 - Call for EFRAG TEG Applicants

  ​EFRAG is calling for candidates for its Technical Expert Group (EFRAG TEG). The present mandate period of six of the sixteen EFRAG TEG members expires on 31 March 2017 and the mandate of three country liaison members expires on 30 November 2016. All existing members are eligible for reappointment.

• 11/07/2016 - First Joint Meeting between EFRAG and KASB

  Representatives of the European Financial Reporting Advisory Group (EFRAG) and the Korean Accounting Standards Board (KASB) held their first joint meeting on 5 July 2016 in Brussels.

• 05/07/2016 - EFRAG Update June 2016

  ​The June 2016 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 04/07/2016 - EFRAG Open Call for Tenders related to IFRS 16 Leases

  ​EFRAG has issued today an open call for tenders to assist EFRAG in its impact analysis of IFRS 16 Leases. EFRAG is specifically looking for economic and behavioural expertise as input for EFRAG’s endorsement advice on leases.

• 01/07/2016 - EFRAG Appoints New President

  ​EFRAG welcomed today the appointment by the EFRAG General Assembly of Jean-Paul Gauzès, a former MEP, as EFRAG Board President.

• 27/06/2016 - EFRAG Endorsement Status Report 27 June 2016

  ​The ARC vote on IFRS 9 Financial Instruments is now reflected in the EFRAG Endorsement Status Report.
  

• 21/06/2016 - EFRAG Endorsement Status Report 21 June 2016

  ​The publication of Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2) on 20 June 2016 is now reflected in the EFRAG Endorsement Status Report.

• 14/06/2016 - EFRAG publishes Annual Review 2015

  EFRAG is pleased to share the review of its 2015 important events and activities.

• 03/06/2016 - EFRAG Update May 2016

  ​The May 2016 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 30/05/2016 - Call for new members of the EFRAG Insurance Accounting Working Group

  ​EFRAG has decided to renew the membership of the Insurance Accounting Working Group (EFRAG IAWG).

• 27/05/2016 - Call for new members of the EFRAG Financial Instruments Working Group

  ​EFRAG has decided to renew the membership of the Financial Instruments Working Group (EFRAG FIWG).

• 02/05/2016 - EFRAG Update April 2016

  ​The April 2016 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.

• 20/04/2016 - EFRAG Endorsement Status Report 20 April 2016

  The ARC vote on Amendments to IFRS 10, IFRS 12 and IAS 28 is now reflected in the EFRAG Endorsement Status Report.
  

• 18/04/2016 - EFRAG Endorsement Status Report 18 April 2016

  ​The date of the ARC vote on IFRS 15 is now reflected in the EFRAG Endorsement Status Report.

• 13/04/2016 - EFRAG Endorsement Status Report 13 April 2016

  ​The publication of Clarifications to IFRS 15 on 12 April 2016 is now reflected in the EFRAG Endorsement Status Report.

• 11/04/2016 - Welcome to the new EFRAG website!

  ​Pay a visit to EFRAG's new website and discover easier navigation and access to information on EFRAG's current and past activities!

• 12/01/2016 - EFRAG endorsement status report

  The publication of  IFRS 16 Leases on 13 January 2016 is now reflected in EFRAG Endorsement Status Report.

• 03/01/2016 - ARE YOU A FINANCIAL REPORTING PROFESSIONAL INTERESTED IN BRINGING THE EUROPEAN VIEW IN FINANCIAL REPORTING? JOIN EFRAG!

  EFRAG is seeking financial reporting professionals with IFRS expertise to join the EFRAG team.

• 21/12/2015 - EFRAG TEG ROTATION 2016: appointments and reappointments

  On 24 November, the EFRAG Board decided to appoint Nicklas Grip as EFRAG TEG vice-Chair. The Board also appointed Søren Kok Olsen and Nicolas de Paillerets as new TEG Members. Christian Chiarasini and Serge Pattyn have seen their mandates renewed for another 2-year term.

• 20/12/2015 - EFRAG endorsement status report

  The endorsement by the European Commission of Amendments to IAS 1 is now reflected in EFRAG Endorsement Status Report.

• 15/12/2015 - EFRAG endorsement status report

  The endorsement by the European Commission of Annual Improvements to IFRS 2012-2014 Cycle is now reflected in EFRAG Endorsement Status Report.