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.
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.
EFRAG commissioned a study from an independent economic consultancy as an input to its Endorsement Advice on IFRS 16 Leases. EFRAG's Draft Endorsement Advice, which is open for comment until 13 March 2017, include various references to this study. The aim of the study was to provide input into EFRAG's analysis of potential changes in the behaviour of preparers, investors and lenders arising from IFRS 16 and the economic impact of such changes including on the leasing industry and SMEs. The study also considered the estimated costs and benefits of IFRS 16.
EFRAG has published its draft comment letter in response to the IASB's ED/2017/1 Annual Improvements to IFRS Standards 2015-2017 Cycle and seeks constituents' views on the proposals. Comments are requested by 3 April 2017.
EFRAG has submitted a letter to the IASB asking for the Conceptual Framework to include directions for the use of asymmetry.
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 29 and Thursday 30 March 2017.
EFRAG announces that it will hold its EFRAG Board meeting on Wednesday 22 March 2017.
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 7 February 2017.
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.
EFRAG welcomes the provisional agreement reached between the Maltese Presidency and the European Parliament representatives on EFRAG’s funding.
EFRAG TEG has approved in its February meeting the composition of the EFRAG Pension Plans Advisory Panel.