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Activity news

• 15/11/2018 - European Lab Steering Group appointed

  ​The EFRAG General Assembly has appointed the Steering Group for the new European Corporate Reporting Lab (the ‘European Lab@EFRAG’).
  

• 01/11/2018 - A clearer picture on FICE

  EFRAG has issued two bulletins to help constituents better understand the IASB’s Discussion Paper Financial Instruments with Characteristics of Equity and participate in the debate on it.

• 26/10/2018 - Letter to the ESAs on IFRS 17

  ​EFRAG has written to the European Supervisory Authorities (ESAs) on the process of endorsement of IFRS 17.​
  

• 12/10/2018 - EFRAG's endorsement advice on Amendments to References to the Conceptual Framework in IFRS Standards

  ​EFRAG has completed its due process regarding Amendments to References to the Conceptual Framework in IFRS Standards.

• 01/10/2018 - Reminder - Call for candidates - European Lab Steering Group

  EFRAG is looking for candidates from a wide range of backgrounds for the Steering Group of the new European Corporate Reporting Lab (the European Lab). You can apply until 8 October.
  

• 26/09/2018 - FICE consultation update

  ​Get up to speed with EFRAG's draft comment letter on FICE in the latest EFRAG video.  

• 13/09/2018 - Join the new European Corporate Reporting Lab at EFRAG

  ​Call for candidates published for members of the Europe​​​an Lab Steering Group ​
  

• 04/09/2018 - Letter to IASB on IFRS 17

  ​​EFRAG has written to the IASB to highlight certain aspects of IFRS 17 that, in EFRAG's view, merit further consideration.
  

• 29/08/2018 - Summary of Responses - Equity Instruments - Impairment and Recycling

  Due to a technical issue with the prior version of this news item, EFRAG is republishing the news item concerning summary of responses received from constituents on the Discussion Paper Equity Instruments - Impairment and Recycling.
  

• 28/08/2018 - EFRAG Draft Comment Letter on the IASB DP/2018/01 on the distinction between liabilities and equity

  ​EFRAG has published its draft comment letter in response to the IASB's Discussion Paper 2018/1 Financial Instruments with Characteristics of Equity (the 'DP') and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 3 December 2018, by close of business.

• 23/08/2018 - EFRAG’s comment letter and feedback statement on ED/2018/1 Accounting Policy Changes (Proposed amendments to IAS 8)

  ​EFRAG has published its comment letter and its feedback statement in response to the IASB's ED/2018/1 Accounting Policy Changes (Proposed amendments to IAS 8).

• 20/08/2018 - Feedback Statement - 2018 EFRAG Research Agenda Consultation

  ​EFRAG publishes the Feedback Statement on its 2018 Research Agenda consultation.

• 06/07/2018 - EFRAG requests comments on its draft endorsement advice on Amendments to References to the Conceptual Framework in IFRS Standards

  ​EFRAG is consulting on its assessment of Amendments to References to the Conceptual Framework in IFRS Standards. Comments are requested by 14 September 2018.

• 28/05/2018 - EFRAG’s endorsement advice on amendments to IAS 19

  ​EFRAG has completed its due process regarding Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) and has submitted its Endorseme​​nt Advice Letter to the European Commission.
  

• 23/05/2018 - Reminder: Impact of IFRS 17 - Please provide input by 31 May 2018

  ​EFRAG encourages constituents to provide their views on the impact of IFRS 17 as a key input into its endorsement advice to the European Commission. Responses are requested by close of business on Thursday 31 May 2018.

• 17/05/2018 - Have your say on equity instruments - impairment and recycling

  ​​​You have until 25 May 2018 to comment on EFRAG's Discussion Paper on recycling and impairment of equity instruments designated at fair value through other comprehensive income. Constituents' view will help ​develop EFRAG's technical advice to the European Commission.
  

• 04/05/2018 - Your input wanted on the impact of IFRS 17

  ​EFRAG encourages constituents to provide their views on the impact of IFRS 17. Responses are requested by close of business on Thursday 31 May 2018.

• 26/04/2018 - Long-term investment and equity instruments consultation

  ​New video presentation with Research Director Filippo Poli on why EFRAG wants your views on recycling and impairment of equity instruments by 25 May 2018.
  

• 24/04/2018 - EFRAG's endorsement advice on IAS 28 Amendments

  ​EFRAG has completed its due process regarding Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) and has submitted its Endorsement Advice Letter to the European Commission.

• 24/04/2018 - EFRAG's draft comment letter on the IASB's ED/2018/1 Accounting Policy Changes (Proposed amendments to IAS 8)

  ​EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2018/1 Accounting Policy Changes (Proposed amendments to IAS 8) (the 'ED') and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 13 July 2018, by close of business.

• 11/04/2018 - EFRAG invites users of the financial statements of insurers to express their views

  IFRS 17 Insurance Contracts is intended to improve the information that is available to users of financial statements of insurance companies and financial conglomerates. EFRAG is inviting users to express their views on this change to IFRS financial reporting. Expressions of interest in participating in this outreach are requested by close of business on Friday 11 May 2018.

• 05/04/2018 - 2018 EFRAG Research agenda consultation

  ​EFRAG is seeking public input on the strategic direction of its Research activities. Constituents' contributions will help to reflect on the future direction of Research on financial reporting.​ Responses should be submitted by 1 June 2018 also by using the online survey here. 
  

• 28/03/2018 - Independent academic literature review on IFRS 9 and long-term investment

  ​In the context of its investigation on the potential effect of IFRS 9 Financial Instruments ​on long-term investments, EFRAG commissioned a literature review to an independent international academic team. The literature review is part of the evidence that will be considered and complements EFRAG's Discussion Paper.

• 22/03/2018 - Two new IFRS 17 briefing papers

  ​EFRAG issues two background briefing papers on the Release of the Contractual Service Margin and the Transition Requirements of IFRS 17 Insurance Contracts.

• 21/03/2018 - EFRAG Endorsement Advice on Annual Improvements to IFRS Standards 2015-2017 Cycle

  ​​EFRAG has completed its due process regarding Annual Improvements to IFRS Standards 2015-2017 Cycle and has submitted its Endorsement Advice Letter to the European Commission.
  

• 21/03/2018 - EFRAG requests comments on its draft endorsement advice on Plan Amendment, Curtailment or Settlement (Amendments to IAS 19)

  ​EFRAG is consulting on its assessment of Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) both against the technical criteria in the EU and whether those amendments are conducive to the European public good. Comments are requested by 21 April 2018.

• 14/03/2018 - Feedback statement on EFRAG's goodwill impairment paper

  ​In June 2017 EFRAG issued the Discussion Paper Goodwill impairment test: can it be improved? which included suggestions to improve the goodwill impairment test. EFRAG is now issuing a feedback statement which summarises the response received from constituents. The feedback will be used by EFRAG in developing its response to any future IASB proposals arising from its Goodwill and Impairment research project.

• 01/03/2018 - New EFRAG Discussion Paper on Equity Instruments - Impairment and Recycling

  ​​EFRAG is publishing a Discussion Paper to gather constituents' views on recycling and impairment of equity instruments designated at fair value through other comprehensive income to develop its technical advice to the European Commission. Please provide your comments by 25 May 2018.

• 23/02/2018 - EFRAG issues IFRS 17 background briefing paper on level of aggregation

  ​EFRAG issues a background briefing paper on the level of aggregation requirements of IFRS 17 Insurance Contracts. Constituents that wish to comment can do so before 30 April 2018.

• 07/02/2018 - EFRAG issues IFRS 17 simplified case study

  ​European insurers that apply IFRS Standards are invited to complete a simplified case study on the expected impact of IFRS 17 Insurance Contracts. Responses are requested by close of business on Thursday 31 May 2018.

• 26/01/2018 - EFRAG requests comments on its draft endorsement advice on Annual Improvements to IFRS Standards 2015–2017 Cycle

  ​​EFRAG is consulting on both its assessment of Annual Improvements to IFRS Standards 2015–2017 Cycle against the techincal criteria in the EU and on its assessment of whether those amendments are conducive to the European public good. Comments are requested by 26 February 2018.
  

• 23/01/2018 - EFRAG's Comment Letter and Feedback Statement on the IASB's Exposure Draft ED/2017/6 Definition of Material - Proposed amendments to IAS 1 and IAS 8

  ​EFRAG has issued its Comment Letter and Feedback Statement on the IASB's Exposure Draft ED/2017/6 Definition of Material - Proposed amendments to IAS 1 and IAS 8 (the 'ED').

• 17/01/2018 - EFRAG's report to the European Commission on the assessment of the impact of IFRS 9 on long-term investments in equity instruments

  EFRAG issued a letter to the European Commission to report on the findings of the first phase (the assessment phase) of its investigation into the significance of investments in equity instruments and the possible effects on long-term investments of the new requirements in IFRS 9 Financial Instruments.
  

• 08/01/2018 - EFRAG's Comment Letter and Feedback Statement on the IASB's Exposure Draft ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)

  ​EFRAG has issued its Comment Letter and Feedback Statement on the IASB's Exposure Draft ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8).

• 15/12/2017 - EFRAG requests comments on its draft endorsement advice on Amendments to IAS 28

  ​EFRAG is consulting on both its assessment of the Amendments against the techincal criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good. Comments are requested by 16 February 2018.

• 12/12/2017 - REMINDER: Please provide input to EFRAG's consultation on goodwill impairment testing

  ​The IASB expects to publish its proposals on the impairment test for goodwill in 2018. EFRAG’s Discussion Paper Goodwill impairment test: can it be improved? illustrates a number of suggestions to enhance the application and effectiveness and to reduce the complexity of the goodwill impairment test. EFRAG asks European constituents' views on these suggestions by 31 December 2017.

• 15/11/2017 - EFRAG's feedback statement on the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure

  ​EFRAG has published a feedback statement following the publication of its final comment letter on the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure.

• 10/11/2017 - EFRAG's comment letter on the IASB's ED/2017/4 Property, Plant and Equipment - Proceeds before Intended Use (Proposed amendments to IAS 16)

  ​​​EFRAG has published its comment letter in response to the IASB's Exposure Draft ED/2017/4 Property, Plant and Equipment - Proceeds before Intended Use (Proposed amendments to IAS 16).

• 10/11/2017 - EFRAG’s Endorsement Advice on Prepayment Features with Negative Compensation (Amendments to IFRS 9)

  ​EFRAG has completed its due process regarding Prepayment Features with Negative Compensation (Amendments to IFRS 9) and has submitted its Endorsement Advice Letter to the European Commission.

• 06/11/2017 - EFRAG's endorsement advice on IFRIC 23 Uncertainty over Income Tax Treatments

  ​EFRAG has completed its due process regarding IFRIC 23 Uncertainty over Income Tax Treatments and has submitted its Endorsement Advice Letter to the European Commission.

• 18/10/2017 - EFRAG requests comments on its draft endorsement advice on Prepayment Features with Negative Compensation (Amendments to IFRS 9)

  ​​EFRAG is consulting on both its assessment of Prepayment Features with Negative Compensation (Amendments to IFRS 9) against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good.

• 12/10/2017 - EFRAG's comment letter on the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure

  EFRAG has published its comment letter in response to the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure.

• 05/10/2017 - EFRAG's feedback statement on the IASB's ED/2017/2 Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)

  ​​EFRAG has published a feedback statement following the publication of its final comment letter on the IASB's Exposure Draft ED/2017/2 Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34).

• 02/10/2017 - EFRAG's draft comment letter on the IASB's Exposure Draft ED/2017/6 Definition of Material - Proposed amendments to IAS 1 and IAS 8

  ​EFRAG has published its draft comment letter in response to the ​​ED/2017/6 Definition of Material and seeks constituents' views on the proposal. Comments on the draft comment letter and inputs in it are requested by 5 January 2018. 

• 29/09/2017 - EFRAG's draft comment letter on the IASB's ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)

  ​EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 7 December 2017.
  
  

• 19/09/2017 - REMINDER: Please provide input to EFRAG's consultation on equity holdings by 30 September

  Following a request for technical advice from the European Commission, EFRAG is collecting evidence from European Constituents on information about the significance of their existing investments in equity instruments and the possible effects of IFRS 9 Financial Instruments on their equity portfolios. Participants are kindly required to complete this survey by 30 September 2017.

• 08/09/2017 - EXTENSION OF DEADLINE FOR EFRAG CALL FOR AN ACADEMIC LITERATURE REVIEW ON THE INTERACTION OF IFRS 9 AND LONG-TERM INVESTMENT DECISIONS

  The academic literature review will form part of the evidence that EFRAG will consider in its Research on the impairment of equity investments and the relation between an effective impairment model and the recycling of gains or losses on disposal of equity investments designated at fair value through Other Comprehensive Income.

• 22/08/2017 - EFRAG CALLS FOR AN ACADEMIC LITERATURE REVIEW ON THE INTERACTION OF IFRS 9 AND LONG-TERM INVESTMENT DECISIONS

  ​The academic literature review will form part of the evidence that EFRAG will consider in its Research on the impairment of equity investments and the relation between an effective impairment model and the recycling of gains or losses on disposal of equity investments designated at fair value through Other Comprehensive Income.

• 16/08/2017 - REMINDER: EFRAG Call for Evidence – Experiences with IFRS 13

  ​EFRAG is requesting evidence from European Constituents on their experiences with IFRS 13 Fair Value Measurement.

  Do not miss the opportunity to share your views and provide input!

• 03/08/2017 - EFRAG’s final comment letter on the IASB’s Exposure Draft ED/2017/2 Improvements to IFRS 8 Operating Segments – Proposed amendments to IFRS 8 and IAS 34

  ​​​EFRAG has published its final comment letter in response to the IASB's Exposure Draft ED/2017/2 Improvements to IFRS 8 Operating Segments – Proposed amendments to IFRS 8 and IAS 34.

• 02/08/2017 - EFRAG requests comments on its draft endorsement advice on IFRIC 23 Uncertainty over Income Tax Treatments

  ​EFRAG is consulting on its assessment of IFRIC Interpretation 23 Uncertainty over Income Tax Treatments against the endorsement criteria in the IAS Regulation, including the technical criteria and whether IFRIC 23 is conducive to the European public good.​​​ Comments are requested by Monday 9 October 2017, CoB.

• 05/07/2017 - EFRAG's draft comment letter on the IASB's ED/2017/4 Property, Plant and Equipment - Proceeds before Intended Use (Proposed amendments to IAS 16)

  ​​EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2017/4 Property, Plant and Equipment - Proceeds before Intended Use (Proposed amendments to IAS 16) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 13 October 2017.

• 04/07/2017 - EFRAG requests evidence on equity investments held by European constituents and possible effects of IFRS 9

  ​Following a request for technical advice from the European Commission, EFRAG is collecting evidence from European Constituents on information about the significance of their existing investments in equity instruments and the possible effects of IFRS 9 Financial Instruments on their equity portfolios. Participants are kindly required to complete this survey by 30 September 2017.
  

• 03/07/2017 - EFRAG Call for Evidence – Experiences with IFRS 13 Fair Value

  ​EFRAG is requesting evidence from European Constituents on their experiences with IFRS 13 Fair Value Measurement.

• 29/06/2017 - New EFRAG discussion paper tackles goodwill impairment testing

  EFRAG’s Discussion Paper Goodwill impairment test: can it be improved? is the latest in a series of EFRAG research publications on goodwill accounting - a complex and controversial topic. This publication illustrates a number of potential amendments to the goodwill impairment test with the view to enhancing its application and effectiveness and reducing complexity.
  

• 13/06/2017 - EFRAG's feedback statement on the IASB's ED/2017/3 Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)

  ​EFRAG has published a feedback statement following the publication of its final comment letter on the IASB's Exposure Draft ED/2017/3 Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9).

• 08/06/2017 - EFRAG's draft comment letter on the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure

  ​EFRAG has published its draft comment letter in response to the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure and seeks for constituents' views on the proposals. Comments are requested by 11 September 2017.

• 31/05/2017 - EFRAG's comment letter on the IASB's Exposure Draft ED/2017/3 Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)

  ​​​EFRAG has published its comment letter in response to the IASB's Exposure Draft ED/2017/3 Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9).

• 05/05/2017 - EFRAG's preliminary responses to the questions in the IASB’s DP-2017-1 Disclosure Initiative - Principles of Disclosure

  ​EFRAG has published its preliminary responses to the questions in the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure. Constituents' views will be sought by 11 September 2017.

  IMPORTANT UPDATE: ​On 8 June 2017, EFRAG has published its draft comment letter in response to the IASB DP, which supersedes the preliminary consultation document. You can comment on EFRAG's draft comment letter by clicking here.

• 04/05/2017 - EFRAG's draft comment letter on the IASB's ED-2017-3 Prepayment features with negative compensation (proposed amendments to IFRS 9)

  ​EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2017/3 Prepayment Features with Negative Compensation (proposed Amendments to IFRS 9) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 17 May 2017.

• 26/04/2017 - EFRAG’s draft comment letter on the IASB’s Exposure Draft ED/2017/2 Improvements to IFRS 8 Operating Segments – Proposed amendments to IFRS 8 and IAS 34

  EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2017/2 Improvements to IFRS 8 Operating Segments – Proposed amendments to IFRS 8 and IAS 34 and seeks constituents' views on the proposals. Comments are requested by 17 July 2017.

• 19/04/2017 - EFRAG's comment letter and feedback statement on IASB ED/2017/1 Annual Improvements to IFRS Standards 2015-2017 Cycle

  ​EFRAG has published its comment letter and its feedback statement in response to the IASB's ED/2017/1 Annual Improvements to IFRS Standards 2015-2017 Cycle.

• 06/04/2017 - EFRAG's endorsement advice on IFRIC 22 Foreign Currency Transactions and Advance Consideration

  ​EFRAG has completed its due process regarding IFRIC 22 Foreign Currency Transactions and Advance Consideration and has submitted its Endorsement Advice Letter to the European Commission.

• 06/04/2017 - EFRAG's endorsement advice on Transfers of Investment Property (Amendments to IAS 40)

  ​EFRAG has completed its due process regarding Transfers of Investment Property (Amendments to IAS 40) and has submitted its Endorsement Advice Letter to the European Commission.

• 06/04/2017 - EFRAG Endorsement Advice on Annual Improvements to IFRS Standards 2014-2016 Cycle

  ​EFRAG has completed its due process regarding Annual Improvements to IFRS Standards 2014-2016 Cycle and has submitted its Endorsement Advice Letter to the European Commission.

• 27/03/2017 - EFRAG Endorsement Advice on IFRS 16 Leases.

  ​EFRAG has completed its due process regarding IFRS 16 Leases and has submitted its Endorsement Advice to the European Commission.

• 03/03/2017 - REMINDER: EFRAG REQUESTS COMMENTS ON ITS DRAFT ENDORSEMENT ADVICE ON THE ANNUAL IMPROVEMENTS TO IFRS STANDARDS 2014-2016 CYCLE

  ​​EFRAG reminds constituents that it is currently consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good. Comments are requested by 17 March 2017.

• 22/02/2017 - EFRAG publishes a study from an economic consultancy used as input to its Endorsement Advice on IFRS 16 Leases.

  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.

• 21/02/2017 - EFRAG requests comments on its draft endorsement advice on Transfers of Investment Property (Amendments to IAS 40)

  EFRAG is consulting on both its assessment of Transfers of Investment Property (Amendments to IAS 40)  against the technical criteria in the EU and on its assessment of whether Transfers of Investment Property ​(Amendments to IAS 40)  is conducive to the European public good.​​ Comments are requested by 20 March 2017.

• 17/02/2017 - EFRAG requests comments on its draft endorsement advice on IFRIC Interpretation 22 Foreign Currency Transactions and Advance Consideration

  EFRAG is consulting on its assessment of IFRIC Interpretation 22 Foreign Currency Transactions and Advance Consideration ​against the endorsement criteria in the IAS Regulation, including the technical criteria and whether IFRIC 22 is conducive to the European public good.​​​ Comments are requested by 17 March 2017.

• 14/02/2017 - EFRAG requests comments on its Draft Endorsement Advice on IFRS 16 Leases

  ​​Following a ​Preliminary Consultation which closed last December, ​EFRAG has now issued its Draft Endorsement Advice on IFRS 16 Leases. EFRAG seeks the views of constituents, by 13 March 2017, in particular on its preliminary assessment of whether endorsing IFRS 16 would be conducive to the European Public Good. EFRAG also welcomes views on other relevant matters. 

• 02/02/2017 - EFRAG's draft comment letter on the IASB's ED/2017/1 Annual Improvements to IFRS Standards 2015-2017 Cycle

  ​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.

• 21/12/2016 - EFRAG calls for more guidance on asymmetry in the Conceptual Framework

  ​​EFRAG has submitted a letter to the IASB asking for the Conceptual Framework to include directions for the use of asymmetry.

• 14/12/2016 - EFRAG's Endorsement Advice on Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)

  ​EFRAG has completed its due process regarding Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2) and has submitted its Endorsement Advice Letter to the European Commission.

• 24/11/2016 - Feedback Statement on the IASB's Exposure Draft ​ED/2016/1 Definition of a Business and Accounting for Previously Held Interests

  ​EFRAG has published a feedback statement on EFRAG's Draft Comment letter on the IASB's Exposure Draft ​ED/2016/1 Definition of a Business and Accounting for Previously Held Interests.

• 15/11/2016 - EFRAG requests comments by 13 December 2016 on its draft endorsement advice on Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4)

  ​​EFRAG is consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good.​

• 09/11/2016 - EFRAG's Final Comment Letter on the IASB's Exposure Draft ED/2016/1 Definition of a Business and Accounting for Previously Held Interests

  ​​EFRAG has issued its Final Comment Letter on the IASB's Exposure Draft ​Definition of a Business and Accounting for Previously Held Interests.

• 07/11/2016 - EFRAG seeks users’ views on the endorsement of IFRS 16 Leases by 8 December 2016

  ​EFRAG is specifically seeking the views of users on the endorsement of IFRS 16 Leases in addition to the questions in the EFRAG Preliminary Consultation Document. Responses are requested by 8 December 2016.

• 12/10/2016 - EFRAG requests comments on its Preliminary Consultation Document regarding the endorsement of IFRS 16 Leases

  ​EFRAG has issued a Preliminary Consultation Document relating to the endorsement for use in the EU of IFRS 16 Leases. EFRAG is seeking the views of constituents, by 8 December 2016, on the specific matters raised in this document and any other issues considered relevant to EFRAG's endorsement advice.

• 07/10/2016 - EFRAG requests comments on its draft endorsement advice on Classification and Measurement of Share-based Payment Transactions - Amendments to IFRS 2

  ​EFRAG is consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good.

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• 29/09/2016 - What do we really know about goodwill and impairment? – A quantitative study

  EFRAG publishes a quantitative study on Goodwill and Goodwill Impairment

• 27/07/2016 - EFRAG's Draft Comment Letter on the IASB's Exposure Draft ED/2016/1 Definition of a Business and Accounting for Previously Held Interests

  ​EFRAG has issued its Draft Comment Letter on the IASB's Exposure Draft ​Definition of a Business and Accounting for Previously Held Interests.

• 06/07/2016 - EFRAG's Endorsement Advice on Clarifications to IFRS 15 Revenue from Contracts with Customers

  EFRAG has completed its due process regarding Clarifications to IFRS 15 Revenue from Contracts with Customers and has submitted its Endorsement Advice Letter to the European Commission.​

• 08/06/2016 - EFRAG's Endorsement Advice on Amendments to IAS 12 Recognition of Deferred Tax Assets for Unrealised Losses

  EFRAG has completed its due process regarding Recognition of Deferred Tax Assets for Unrealised Losses: Amendments to IAS 12  and has submitted its Endorsement Advice Letter to the European Commission.

• 06/06/2016 - EFRAG's Endorsement Advice on Disclosure Initiative - Amendments to IAS 7

  ​EFRAG has completed its due process regarding Disclosure Initiative - Amendments to IAS 7 and has submitted its Endorsement Advice Letter to the European Commission.

• 31/05/2016 - Feedback Statement on EFRAG Discussion Paper The Statement of Cash Flows: Issues for Financial Institutions

  ​EFRAG has published a feedback statement on EFRAG Discussion Paper The Statement of Cash Flows: Issues for Financial Institutions.

• 17/05/2016 - EFRAG requests comments on its draft endorsement advice on Clarifications to IFRS 15 Revenue from Contracts with Customers

  EFRAG is consulting on both its assessment of the Clarifications against the technical criteria in the EU and on its assessment of whether the Clarifications are conducive to the European public good.​

• 11/04/2016 - EFRAG requests comments on its draft endorsement advice on Deferred Tax Assets for Unrealised Losses (Amendments to IAS 12)

  EFRAG is consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good.

• 11/04/2016 - EFRAG requests comments on its draft endorsement advice on Disclosure Initiative - Amendments to IAS 7

  ​EFRAG is consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good.

• 11/04/2016 - Feedback on EFRAG's future proactive work

  EFRAG provides feedback on its public consultation of October asking constituents to express views on the effectiveness of the EFRAG's proactive activities, the coordination with the IASB Research activities and to provide suggestions on research topics.

• 06/04/2016 - Measurement in the IFRS Conceptual Framework

  ​EFRAG has issued supplementary proposals related to the Measurement Chapter of the IFRS Conceptual Framework

• 25/03/2016 - EFRAG's comment letter and feedback statement on the IASB's ED/2015/9 Transfers of Investment Property

  EFRAG issued its comment letter and feedback statement on the IASB's Exposure Draft ED/2015/9 Transfers of Investment Property: Proposed Amendment to IAS 40.

• 18/03/2016 - Summary of responses on questionnaire on assets and liabilities

  ​EFRAG publishes a summary of the responses received on the questionnaire on the proposed definitions of an asset and of a liability.

• 14/03/2016 - Feedback statement on Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts

  EFRAG has published a feedback statement following the publication of its final comment letter on the Exposure Draft ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts.

• 14/03/2016 - Feedback Statement on EFRAG Draft Comment Letter in response to IASB ED/2015/3 Conceptual Framework for Financial Reporting

  ​EFRAG has published a feedback statement following the publication of its comment letter on the IASB Exposure Draft Conceptual Framework for Financial Reporting.

• 09/03/2016 - New investor insights into financial reporting

  ​EFRAG and ICAS publish a study on the decision usefulness of financial reporting

• 08/03/2016 - EFRAG's Comment Letter and Feedback Statement on the IASB's Exposure Draft ED/2015/8 IFRS Practice Statement: Application of Materiality to Financial Statements

  ​EFRAG has issued its Comment Letter and Feedback Statement on the IASB's Exposure Draft IFRS Practice Statement: Application of Materiality to Financial Statements.
  

• 03/03/2016 - EFRAG’s Final Comment letter to IASB ED/2015/10 Annual Improvements to IFRSs 2014–2016 Cycle

  ​EFRAG has submitted its final comment letter to the IASB on the IASB’s ED/2015/10 Annual Improvements to IFRSs 2014–2016 Cycle

• 03/03/2016 - Feedback statement on ED/2015/10 Annual Improvements to IFRSs 2014–2016 Cycle

  ​EFRAG has published a feedback statement following the publication of its final comment letter on the IASB’s ED/2015/10 Annual Improvements to IFRSs 2014–2016 Cycle

• 26/02/2016 - Feedback statement on the Draft IFRIC Interpretation Uncertainty over Income Tax Treatments

  ​EFRAG has published a feedback statement following the publication of its final comment letter on the Draft IFRIC Interpretation DI/2015/1 Uncertainty over Income Tax Treatments.

• 23/02/2016 - EFRAG’s Response to the IFRS Foundation Trustees’ Invitation to Comment IFRS Taxonomy Due Process

  ​EFRAG has published its response to the IFRS Foundation’s Invitation to Comment IFRS Taxonomy Due Process and the related feedback statement addressing the comment letters EFRAG received.

• 15/02/2016 - EFRAG’s Final Comment letter to the IASB ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts

  ​EFRAG has submitted its comment letter to the IASB on the IASB’s ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts.

• 12/02/2016 - Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture – letter to the European Commission

  ​EFRAG has sent a letter to the European Commission after IASB published revised amendments to IFRS 10 and IAS 28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture postponing their effective date indefinitely. In this letter, EFRAG brings a number of issues to the European Commission’s attention before it takes a decision on the endorsement process on the two published amendments to IFRS 10 and IAS 28.

• 12/02/2016 - EFRAG's Comment Letter on the Draft IFRIC Interpretation Uncertainty over Income Tax Treatments

  ​EFRAG has issued its Comment Letter on the Draft IFRIC Interpretation Uncertainty over Income Tax Treatments

• 08/02/2016 - EFRAG's Comment Letter and Feedback Statement on the IASB's Draft Interpretation DI/2015/2 Foreign Currency Transactions and Advance Consideration

  ​EFRAG has issued its Comment Letter and Feedback Statement on the IASB's Draft Interpretation Foreign Currency Transactions and Advance Consideration

• 11/01/2016 - Summary report of EFRAG Outreach Event on Conceptual Framework For Financial Reporting in Brussels

  EFRAG is pleased to publish a summary report of its outreach event in Brussels on 23 September 2015.

• 23/12/2015 - EFRAG's Draft Comment letter to the IASB's Exposure Draft ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts

  EFRAG has published its draft comment letter on the IASB's Exposure Draft ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 20 January 2016.

• 22/12/2015 - EFRAG's comment letters in response to the IASB Exposure Drafts on the Conceptual Framework for Financial Reporting

  EFRAG has submitted it comment letters on the IASB Exposure Drafts ED/2015/3 Conceptual Framework for Financial Reporting and ED/2015/4 Updating References to the Conceptual Framework.

• 22/12/2015 - EFRAG's comment letters in response to the IASB Exposure Drafts on the Conceptual Framework for Financial Reporting

  EFRAG has submitted its comment letters on the IASB Exposure Drafts ED/2015/3 Conceptual Framework for Financial Reporting and ED/2015/4 Updating References to the Conceptual Framework.

• 20/12/2015 - Feedback statement for the Joint Outreach Event on the Conceptual Framework and on Materiality in Rome

  EFRAG and the Organismo Italiano di Contabilita' (the OIC), the Italian Standards-Setter, have published a feedback statement of their joint outreach event on the IASB Exposure Drafts ED/2015/3 Conceptual Framework for Financial Reporting and ED/2015/8 IFRS Practice Statement: Application of Materiality to Financial Statements. The joint outreach event was held in cooperation with the IASB and took place on 30 November 2015 in Rome.

• 20/12/2015 - Summary report of EFRAG - EFFAS - AIAF - IASB Joint Investor Outreach Event on profit or loss (P&L) and other comprehensive income (OCI)

  EFRAG, EFFAS, AIAF and the IASB are pleased to publish a summary report of their investor outreach event in Milan on 22 October 2015. In the joint outreach event participants discussed the role of profit or loss (P&L) and other comprehensive income (OCI).

• 20/12/2015 - EFRAG's Response to the Trustees' Review of Structure and Effectiveness

  EFRAG has published its response to the Request for Views Trustees' Review of Structure and Effectiveness: Issues for Review and the related feedback statement addressing the comment letters EFRAG received.

• 17/12/2015 - Feedback statement for the Joint Outreach Event on the Conceptual Framework in Madrid

  EFRAG and the Instituto de Contabilidad y Auditoría de Cuentas (ICAC) have published a feedback statement of their joint outreach event on the IASB Exposure Draft ED/2015/3 Conceptual Framework for Financial Reporting. The joint outreach event was held in cooperation with the IASB and took place on 21 September 2015 in Madrid.

• 16/12/2015 - EFRAG's draft comment letter on the IASB's Exposure Draft ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle

  EFRAG has published its draft comment letter in response to the Exposure Draft Annual Improvements to IFRSs 2014-2016 Cycle and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 5 February 2016.

• 15/12/2015 - Feedback statement for the Joint Outreach Event on the Conceptual Framework in Oslo

  EFRAG and the Norwegian Accounting Standards Board (NASB) have published a feedback statement of their joint outreach event on the IASB Exposure Draft ED/2015/3 Conceptual Framework for Financial Reporting. The joint outreach event was held in cooperation with the IASB and took place on 16 September 2015 in Oslo.

• 15/12/2015 - Feedback statement for the Joint Outreach Event on the Conceptual Framework in Vilnius

  EFRAG, the Estonian Ministry of Finance, the Latvian Ministry of Finance and the Lithuanian Authority of Audit and Accounting have published a feedback statement of their joint outreach event on the IASB Exposure Draft ED/2015/3 Conceptual Framework for Financial Reporting. The joint outreach event was held in cooperation with the IASB and took place on 23 September 2015 in Vilnius.

• 15/12/2015 - Feedback statement for the Joint Outreach Event on the Conceptual Framework in Warsaw

  EFRAG and the Polish Accounting Standards Committee (KSR), in cooperation with the World Bank Centre for Financial Reporting Reform, have published a feedback statement of their joint outreach event on the IASB Exposure Draft ED/2015/3 Conceptual Framework for Financial Reporting. The joint outreach event was held in cooperation with the IASB and took place on 30 September 2015 in Warsaw.

• 10/12/2015 - EFRAG's draft comment letter on the IASB's ED/2015/9 Transfers of Investment Property

  EFRAG issued its draft comment letter on the IASB's Exposure Draft ED/2015/9 Transfers of Investment Property: Proposed Amendment to IAS 40. EFRAG requests comments by 15 March 2016.

• 08/12/2015 - EFRAG's report on the findings from the public survey on the expected effects of the introduction of IFRS 16 Leases on financial covenants in loan agreements

  EFRAG published a report that summarises the findings from the public survey on the effects of the introduction of IFRS 16 Leases on financial covenants in loan agreements. The public survey was carried out by EFRAG in association with the National Standard Setters of Lithuania, France, Germany, Italy, and the UK (AAT, ANC, DRSC, OIC, FRC). The IASB also participated in this consultation.

• 03/12/2015 - Further information related to the endorsement of IFRS 9

  EFRAG has sent its letter to the European Commission providing further information related to the endorsement of IFRS 9.

• 03/12/2015 - EFRAG's Draft Comment Letter to the IFRS Foundation Trustees' Invitation to Comment IFRS Taxonomy Due Process

  EFRAG has published its draft comment letter on the IFRS Foundation's Invitation to Comment IFRS Taxonomy Due Process and seeks constituents' views. Comments on our draft comment letter are requested by 30 January 2016.

• 30/11/2015 - Letter to the European Commission explaining how EFRAG has reached its conclusion that IFRS 9 Financial Instruments is not contrary to the true and fair principle.

  Upon the request of the European Commission, EFRAG has issued a letter to further explain how it has reached the conclusion contained in its endorsement advice that IFRS 9 Financial Instruments is not contrary to the true and fair principle.

• 27/11/2015 - EFRAG's draft comment letter on the IASB's Exposure Draft ED/2015/8 IFRS Practice Statement: Application of Materiality to Financial Statements

  EFRAG has published its draft comment letter in response to the Draft IFRS Practice Statement: Application of Materiality to Financial Statements and seeks constituents' views on the proposals. Comments on the draft comment letter and inputs to the questions in it are requested by 15 February 2016.

• 26/11/2015 - Feedback statement for the Joint Outreach Event on the Conceptual Framework in Amsterdam

  EFRAG and the Dutch Accounting Standards Board (DASB) have published a feedback statement of their joint outreach event on the IASB Exposure Draft ED/2015/3 Conceptual Framework for Financial Reporting. The joint outreach event was held in cooperation with the IASB and took place on 5 October 2015 in Amsterdam.

• 26/11/2015 - Feedback statement for the Joint Outreach Event on the Conceptual Framework in Paris

  EFRAG and the Autorité des Normes Comptables (ANC) have published a feedback statement of their joint outreach event on the IASB Exposure Draft ED/2015/3 Conceptual Framework for Financial Reporting. The joint outreach event was held in cooperation with the IASB and took place on 14 September 2015 in Paris.

• 23/11/2015 - Feedback statement on the IASB's Exposure Draft ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement / Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14)

  EFRAG published its feedback statement to constituents following the publication of the final comment letter on the IASB's Exposure Draft Remeasurement on a Plan Amendment, Curtailment or Settlement / Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14).

• 19/11/2015 - Feedback statement for the Joint Outreach Event on the Conceptual Framework in Helsinki

  EFRAG, the Financial Supervisory Authority, the Ministry of Employment and the Economy and the Confederation of Finnish Industries have published a feedback statement of their joint outreach event on the IASB Exposure Draft ED 2015/3 Conceptual Framework for Financial Reporting. The joint outreach event was held in cooperation with the IASB and took place on 14 October 2015 in Helsinki.

• 16/11/2015 - EFRAG's draft comment letter on the Draft IFRIC Interpretation DI/2015/1 Uncertainty over Income Tax Treatments

  EFRAG has published its draft comment letter in response to the Draft IFRIC Interpretation DI/2015/1 Uncertainty over Income Tax Treatments and seeks constituents' views on the proposals. Comments on the draft comment letter and inputs to the request in a separate Appendix are requested by 13 January 2016.

• 16/11/2015 - Feedback Statement on the ED/2015/7 Effective Date of Amendments to IFRS 10 and IAS 28

  EFRAG has published a feedback statement following the publication of its final comment letter on the IASB's Exposure Draft Effective Date of Amendments to IFRS 10 and IAS 28.

• 11/11/2015 - EFRAG's Draft Comment Letter on the IASB's Draft Interpretation DI/2015/2 Foreign Currency Transactions and Advance Consideration

  EFRAG has issued its Draft Comment Letter on the IASB's Draft Interpretation Foreign Currency Transactions and Advance Consideration.

• 09/11/2015 - IFRS 9 and IFRS 4: further information related to the endorsement of IFRS 9

  EFRAG asks for your input by noon on 20 November 2015

• 09/11/2015 - EFRAG's Comment Letter on the IASB's ED/2015/6 Clarifications to IFRS 15

  EFRAG has issued its comment letter on the IASB's Exposure Draft Clarifications to IFRS 15.

• 07/11/2015 - EFRAG provides its preliminary views on the IASB Exposure Draft Conceptual Framework for Financial Reporting

  In July 2015, EFRAG launched its public consultation on the IASB Exposure Draft 'Conceptual Framework for Financial Reporting', without having fully deliberated preliminary views. EFRAG is now providing its preliminary views on the Exposure Draft.

• 05/11/2015 - EFRAG's comment letter on the IASB's Exposure Draft ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement / Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14)

  EFRAG issues its comment letter on the IASB's Exposure Draft ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement / Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14).

• 04/11/2015 - EFRAG/IASB Outreach event IASB Agenda Consultation and Trustees Review in Denmark

  On Wednesday 25 November, the Confederation of Danish Industry (DI) and FSR (Danish Auditors), together with EFRAG and the IASB, invite you to participate in a joint outreach event in Copenhagen on the 2015 IASB Agenda Consultation, the Trustees Review and EFRAG's own proactive Agenda Consultation.

• 22/10/2015 - EFRAG's Comment Letter on the IASB's ED/2015/7 Effective Date of Amendments to IFRS 10 and IAS 28

  EFRAG has issued its Comment Letter on the IASB's Exposure Draft Effective Date of Amendments to IFRS 10 and IAS 28.

• 21/10/2015 - Help shape the future of IFRS! What should EFRAG, the ANC and the IASB focus on before 2020?

  On Thursday 12 November, EFRAG, the ANC and the IASB invite you to participate in a joint outreach event in Paris on the 2015 IASB Agenda Consultation and EFRAG's own proactive Agenda Consultation.

• 17/10/2015 - EFRAG publishes a questionnaire on the proposed definitions of assets and liabilities

  In order to test whether the definitions proposed in the IASB Exposure Draft on the Conceptual Framework are understandable, EFRAG asks you to assess whether nine arrangements give rise to items that would meet the definitions.

• 11/10/2015 - Joint Investor Outreach Event on P&L and IFRS 9 - Milan - Programme available!

  EFRAG, the European Federation of Financial Analysts Societies (EFFAS), the Italian Association of Financial Analysts (AIAF) and the IASB organise a joint outreach event to be held in Milan on Thursday 22 October 2015.

• 05/10/2015 - Joint Outreach Event on the Revision to the Conceptual Framework in Helsinki

  EFRAG publishes the agenda for the joint outreach event in Helsinki on Wednesday 14 October 2015.

• 04/10/2015 - EFRAG's Draft Response to the Trustees' Review of Structure and Effectiveness

  EFRAG has published its draft response to the Request for Views Trustees' Review of Structure and Effectiveness: Issues for the Review of July 2015 and seeks constituents' views. Comments on the draft letter are requested by 30 November 2015.

• 30/09/2015 - EFRAG seeks your input as to what research is important for Europe

  EFRAG has launched its own Proactive Agenda Consultation in parallel with the IASB's 2015 Agenda Consultation to ensure that EFRAG is allocating resources in an optimal way to research work on important topics for Europe. EFRAG is seeking constituents' views by 30 November 2015.

• 28/09/2015 - Joint Investor Outreach Event on P&L and IFRS 9 - Milan

  EFRAG, the European Federation of Financial Analysts Societies (EFFAS), the Italian Association of Financial Analysts (AIAF) and the IASB organise a joint outreach event to be held in Milan on Thursday 22 October 2015.

• 28/09/2015 - EFRAG extends the comment period for its documents for public consultation related to the Conceptual Framework

  EFRAG has extended the comment period for the documents for public consultation relating to the IASB Exposure Draft Conceptual Framework for Financial Reporting. The revised deadline for comments is 18 November 2015.

• 20/09/2015 - Last seats! EFRAG Conference: Conceptual Framework for Financial Reporting - will it meet European expectations?

  EFRAG invites you to participate in a conference on the Conceptual Framework for Financial Reporting on 23 September 2015 in Brussels. Look at the programme and contribute to this important topic on the EFRAG Agenda!

• 14/09/2015 - EFRAG Endorsement Advice on IFRS 9 Financial Instruments

  EFRAG has completed its due process regarding IFRS 9 Financial Instruments and has submitted its Endorsement Advice Letter to the European Commission.

• 09/09/2015 - EFRAG Conference: Conceptual Framework for Financial Reporting - will it meet European expectations? Full programme

  EFRAG invites you to participate in a conference on the Conceptual Framework for Financial Reporting on 23 September 2015 in Brussels. The full programme is now available!

• 08/09/2015 - Summary report of EFRAG - EFFAS/ABAF - IASB Joint Investor Outreach Event on profit or loss (P&L) and other comprehensive income (OCI)

  EFRAG, EFFAS/ABAF and the IASB are pleased to publish a summary report of their investor outreach event held on 1 July 2015. In the joint outreach event participants discussed the role of profit or loss (P&L) and other comprehensive income (OCI).

• 07/09/2015 - EFRAG's draft comment letter on the IASB's Exposure Draft ED/2015/7 Effective Date of Amendments to IFRS 10 and IAS 28

  EFRAG has published its draft comment letter in response to the IASB' ED/2015/7 Effective Date of Amendments to IFRS 10 and IAS 28 and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 8 October 2015.

• 07/09/2015 - Joint Outreach Event on the Conceptual Framework - Vilnius

  EFRAG, the Estonian Ministry of Finance, the Latvian Ministry of Finance, the Lithuanian Authority of Audit and Accounting (AAT) and the IASB announce a joint outreach event to be held in Vilnius on Wednesday 23 September 2015.

• 07/09/2015 - Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture - Recommendation to further postpone the Endorsement Process

  EFRAG has recommended to the European Commission to further postpone the endorsement process on the amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture until the IASB finalises its due process on its proposals to amend the effective date of the amendments to IFRS 10 and IAS 28.

• 03/09/2015 - EFRAG Conference: Conceptual Framework for Financial Reporting - will it meet European expectations? Speaker Panel

  EFRAG invites you to participate in a conference on the Conceptual Framework for Financial Reporting on 23 September 2015 in Brussels. Discover the speaker panel!

• 03/09/2015 - Joint Outreach Event on the Revision to the Conceptual Framework - Paris

  EFRAG, the French Accounting Standards Authority (ANC) and the IASB announce a joint outreach event to be held in Paris on Monday 14 September 2015.

• 03/09/2015 - EFRAG's draft comment letter on the IASB's Exposure Draft ED/2015/6 Clarifications to IFRS 15

  EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2015/6 Clarifications to IFRS 15 and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 22 October 2015.

• 02/09/2015 - Joint Outreach Event on the Revision to the Conceptual Framework - Helsinki

  EFRAG, the Financial Supervisory Authority, the Ministry of Employment and the Economy, the Confederation of Finnish Industries EK and the IASB announce a joint outreach event to be held in Helsinki on Wednesday 14 October 2015.

• 19/08/2015 - Conference: Conceptual Framework for Financial Reporting - will it meet European expectations?

  EFRAG invites you to participate in a conference on the Conceptual Framework for Financial Reporting on 23 September 2015 in Brussels.

• 09/08/2015 - EFRAG's draft comment letter on the IASB's ED/2015/4 Updating References to the Conceptual Framework (Proposed amendments to IFRS 2, IFRS 3, IFRS 4, IFRS 6, IAS1, IAS 8, IAS 34, SIC-27 and SIC-32)

  EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2015/4 Updating References to the Conceptual Framework (Proposed amendments to IFRS 2, IFRS 3, IFRS 4, IFRS 6, IAS 1, IAS 8, IAS 34, SIC-27 and SIC-32) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 26 October 2015.

• 05/08/2015 - Joint Outreach Event on the Revision to the Conceptual Framework - Warsaw

  EFRAG, the Polish Accounting Standards Committee (KSR) and the IASB, in cooperation with the World Bank, announce a joint outreach event to be held in Warsaw on Wednesday 30 September 2015.

• 03/08/2015 - EFRAG has published a feedback report on the results of the pre-endorsement questionnaire on IFRS 9

  EFRAG has published a feedback report on the results of the pre-endorsement questionnaire on IFRS 9. The input was used by EFRAG in developing its (draft) endorsement advice for the European Commission on IFRS 9 Financial Instruments.

• 30/07/2015 - Joint Outreach Event on the Revision to the Conceptual Framework - Amsterdam

  EFRAG, the Dutch Accounting Standards Board and the IASB announce a joint outreach event to be held in Amsterdam on 5 October 2015.

• 29/07/2015 - EFRAG has published a feedback statement on input received during the individual insurance specialist user outreach on the potential deferral IFRS 9 effective date for insurers

  EFRAG has published a feedback statement that summarises the input received during the individual insurance specialist user outreach on the potential deferral of IFRS 9 effective date for insurers. This input is used by EFRAG in developing its Final Endorsement Advice for the European Commission on IFRS 9 Financial Instruments.

• 29/07/2015 - Joint Outreach Event on the Conceptual Framework - Madrid

  EFRAG, the Spanish Institute for Accounting and Auditing (ICAC) and the IASB announce a joint outreach event to be held in Madrid on Monday 21 September 2015.

• 28/07/2015 - Effect of the deferral of the IFRS 15 effective date on EFRAG's endorsement advice

  EFRAG has informed the European Commission that the IASB has deferred the effective date of IFRS 15.

• 28/07/2015 - Feedback statement on the IASB's ED/2015/1 Classification of Liabilities - Proposed amendments to IAS 1

  EFRAG has published a feedback statement following the publication of its final comment letter on the IASB's Exposure Draft Classification of Liabilities - Proposed amendments to IAS 1.

• 23/07/2015 - EFRAG's draft comment letter on the IASB's Exposure Draft ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement / Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14)

  EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement / Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 9 October 2015.

• 22/07/2015 - EFRAG Endorsement Advice of Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28)

  EFRAG has completed its due process regarding Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28) and has submitted its Endorsement Advice Letter to the European Commission.

• 21/07/2015 - EFRAG, the IASB and the National Standard Setters AAT, ANC, ASCG, FRC and OIC invite companies to participate in a public survey on impact of the forthcoming new IFRS on Leases on financial covenants in loan agreements

  The IASB has completed its redeliberations in regard to the proposed new lease accounting requirements. The new IFRS on Leases is expected to be issued before the end of 2015. It will require lessees to recognise assets and liabilities for all identified leases. The amount of newly recognised lease liabilities is expected to be significant for many entities. Therefore, questions have been raised about the possible impact of the new IFRS on financial covenants in loan agreements that refer to measures of debt, net financial position or similar indicators.EFRAG, the IASB and the National Standard Setters are performing this public survey to acquire quantitative and qualitative information about how covenants are determined in Europe.

• 15/07/2015 - EFRAG requests extension of the comment period on the Conceptual Framework Exposure Draft

  EFRAG has requested the IASB to extend the comment period related to the Exposure Draft Conceptual Framework for Financial Reporting until 26 December 2015.

• 14/07/2015 - EFRAG Short Discussion Series - The Statement of Cash Flows: issues for Financial Institutions

  EFRAG has published a paper in the Short Discussion Series. This paper discusses the relevance of the Statement of Cash Flows for financial institutions and investigates alternatives that could either supplement or replace the information currently portrayed by these entities in the Statement of Cash Flows.

• 13/07/2015 - EFRAG publishes a Bulletin on profit or loss versus OCI

  EFRAG has published a Bulletin to contribute to the discussion on what items should be reported in profit or loss and what items should be reported as items of other comprehensive income. The Bulletin is published to help form European views that are influential in the debate on the IFRS Conceptual Framework.

• 09/07/2015 - Joint Outreach Event on the Conceptual Framework - Oslo

  EFRAG, the Norwegian Accounting Standards Board (NRS) and the IASB announce a joint outreach event to be held in Oslo on Wednesday 16 September 2015.

• 07/07/2015 - EFRAG document for public consultation on the IASB ED Conceptual Framework for Financial Reporting

  EFRAG has published a document for public consultation on the IASB Exposure Draft Conceptual Framework for Financial Reporting. Comments are requested by 26 October 2015.

• 01/07/2015 - EFRAG comment letter on the IASB's ED Effective Date of IFRS 15

  EFRAG has published its comment letter in response to the IASB Exposure Draft Effective Date of IFRS 15 (Proposed amendments to IFRS 15). EFRAG supports the proposal of the Exposure Draft.

• 21/06/2015 - EFRAG's comment letter on the IASB's ED/2015/1 Classification of Liabilities - Proposed amendments to IAS 1

  EFRAG has published its comment letter in response to the IASB's Exposure Draft Classification of Liabilities - Proposed amendments to IAS 1.

• 15/06/2015 - EFRAG requests a public fatal flaw review of the forthcoming Leases Standard

  EFRAG has sent a letter to the IASB requesting a public fatal flaw review of the forthcoming Leases Standard.

• 03/06/2015 - Feedback statement on the IASB's Exposure Draft ED/2014/6 Disclosure Initiative (Proposed amendments to IAS 7)

  EFRAG has published a feedback statement following the publication of its final comment letter on the IASB's Exposure Draft Disclosure Initiative (Proposed amendments to IAS 7).

• 19/05/2015 - EFRAG draft comment letter on the IASB's ED Effective Date of IFRS 15 (Proposed amendments to IFRS 15)

  EFRAG has published its draft comment letter in response to the IASB Exposure Draft Effective Date of IFRS 15 (Proposed amendments to IFRS 15) and seeks constituents' views on the proposal. Comments on the draft comment letter are requested by 25 June 2015.

• 18/05/2015 - EFRAG Endorsement Advice on Disclosure Initiative - Amendments to IAS 1

  EFRAG has completed its due process regarding Disclosure Initiative - Amendments to IAS 1 and has submitted its Endorsement Advice Letter to the European Commission.

• 10/05/2015 - EFRAG's comment letter on the IASB's ED/2014/6 Disclosure Initiative (Proposed amendments to IAS 7)

  EFRAG has published its comment letter in response to the IASB's Exposure Draft Disclosure Initiative (Proposed amendments to IAS 7).

• 10/05/2015 - EFRAG requests comments on its draft endorsement advice on the Amendments to IFRS 10, IFRS 12 and IAS 28

  EFRAG has issued a draft endorsement advice letter (with supporting appendices) and a separate invitation to comment relating to the endorsement for use in the EU of Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28) (the Amendments). EFRAG is consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good.

• 04/05/2015 - EFRAG requests comments on its draft endorsement advice on IFRS 9 Financial Instruments

  ​EFRAG has issued a draft endorsement advice letter (with supporting appendices) and a separate Invitation to Comment relating to the endorsement for use in the EU of IFRS 9 Financial Instruments (the Standard). EFRAG is consulting on both its assessment of the Standard against the technical criteria in the EU and on its assessment of whether IFRS 9 is conducive to the European public good (which includes the costs and benefits associated with implementing the Standard).

• 14/04/2015 - Feedback statement on the IASB's Exposure Draft ED/2014/5 Classification and Measurement of Share-based Payment Transactions (Proposed amendments to IFRS 2)

  EFRAG has published a feedback statement following the publication of its final comment letter on the IASB's Exposure Draft Classification and Measurement of Share-based Payment Transactions.

• 14/04/2015 - EFRAG publishes a feedback statement on responses to its Discussion Paper Separate Financial Statements

  EFRAG published today a feedback statement summarising the main messages from respondents to the discussion paper on separate financial statements

• 01/04/2015 - EFRAG's comment letter on the IASB's ED/2014/5 - Classification and Measurement of Share-based Payment Transactions - Proposed amendments to IFRS 2

  EFRAG has published its comment letter in response to the IASB's Exposure Draft Classification and Measurement of Share-based Payment Transactions - Proposed amendments to IFRS 2.

• 01/04/2015 - Feedback statement on the IASB's Discussion Paper DP/2014/2 Reporting the Financial Effects of Rate Regulation

  EFRAG has published a feedback statement following the publication of its final comment letter on Reporting the Financial Effects of Rate Regulation

• 30/03/2015 - EFRAG publishes a feedback statement of the responses to the Discussion Paper 'Classification of Claims'.

  EFRAG published today a feedback statement summarising the main messages from respondents to EFRAG's Discussion Paper which discusses the credit side of the balance sheet and the classification of the claims on an entity.

• 23/03/2015 - EFRAG's draft comment letter on the IASB's ED/2015/1 Classification of Liabilities - Proposed amendments to IAS 1

  EFRAG has published its draft comment letter in response to the IASB's Exposure Draft Classification of Liabilities - Proposed amendments to IAS 1 and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 3 June 2015.

• 19/03/2015 - Feedback statement on the IASB's ED/2014/4 Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value

  EFRAG publishes a feedback statement following the publication of its final comment letter on the proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28, IAS 36 and IFRS 13: Unit of Account.

• 17/03/2015 - EFRAG Endorsement Advice on IFRS 15 Revenue from Contracts with Customers

  EFRAG has completed its due process regarding IFRS 15 Revenue from Contracts with Customers and has submitted its Endorsement Advice Letter to the European Commission.

• 26/02/2015 - EFRAG requests comments on its Draft Endorsement Advice on Disclosure Initiative - Amendments to IAS 1

  EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of Disclosure Initiative - Amendments to IAS 1 (the Amendments). It is consulting both on its assessment of the Amendments against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from their implementation and application in the EU. Comments are requested by 27 March 2015.

• 23/02/2015 - Summary report of EFRAG - EFFAS/ABAF - IASB Joint User Event on Rate-regulated Activities

  EFRAG, EFFAS/ABAF and the IASB are pleased to publish a summary report of their fourth user event held on 18 December 2014. The joint user event discussed the IASB Discussion Paper Reporting the Financial Effects of Rate Regulation.

• 17/02/2015 - Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture - Recommendation to postpone the Endorsement Process

  EFRAG has recommended to the European Commission to postpone the endorsement process on the amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture until the IASB's project on Elimination of gains or losses arising from transactions between an entity and its associate or joint venture is completed.

• 11/02/2015 - EFRAG has published a feedback statement on input received during outreach activities conducted with European users on the IASB's Discussion Paper Reporting the Financial Effects of Rate Regulation

  EFRAG has issued a feedback statement that summarises the views expressed by European users during the outreach activities on the IASB's Discussion Paper Reporting the Financial Effects of Rate Regulation.

• 10/02/2015 - EFRAG's draft comment letter on the IASB's ED/2014/6 Disclosure Initiative (Proposed amendments to IAS 7)

  EFRAG has published its draft comment letter in response to the IASB's Exposure Draft Disclosure Initiative (Proposed amendments to IAS 7) and seek for constituents' views on the proposals in the exposure draft. Responses to the draft comment letter and to the questions in it are requested by 16 April 2015.

• 03/02/2015 - EFRAG, the OIC and the ASBJ have published a feedback statement that summarises the responses received on the Discussion Paper "Should Goodwill Still Not Be Amortised? - Accounting and Disclosure for Goodwill

  EFRAG, the Italian Standard Setter (OIC) and Accounting Standard Board of Japan (ASBJ) jointly published a feedback statement summarising comments received on the Discussion Paper "Should Goodwill Still Not Be Amortised? - Accounting and Disclosure for Goodwill.

• 03/02/2015 - EFRAG's Final Endorsement Advice on the Annual Improvements to IFRSs 2012-2014 Cycle

  EFRAG has completed its due process regarding the Annual Improvements to IFRSs 2012-2014 Cycle and has submitted its Endorsement Advice Letter to the European Commission.

• 01/02/2015 - EFRAG extends comments deadline on its draft comment letter on the IASB's ED/2014/5 - Classification and Measurement of Share-based Payment Transactions - Proposed amendments to IFRS 2

  EFRAG has decided to extend its own comments deadline to allow all interested stakeholders more time to respond to its draft comment letter on the IASB's Exposure Draft Classification and Measurement of Share-based Payment Transactions. Comments deadline is extended to 9 March 2015.

• 19/01/2015 - EFRAG's letter to the IFRS Interpretations Committee on tentative agenda decisions relating to IFRS 11

  EFRAG published a letter to the IFRS Interpretations Committee on tentative agenda decisions relating to IFRS 11.

• 18/01/2015 - Feedback statement on EFRAG Letter to the IASB on Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging

  EFRAG has published a feedback statement summarising comments in response to the EFRAG Draft Letter to the IASB on Accounting for Dynamic Risk Management

• 15/01/2015 - EFRAG's comment letter on the IASB's Discussion Paper Reporting the Financial Effects of Rate Regulation

  EFRAG has published its comment letter in response to the IASB's Discussion Paper Reporting the Financial Effects of Rate Regulation.

• 14/01/2015 - Share your experience on IAS 8 and contribute to the surveys launched by the OIC (the Italian Standard Setter)!

  The Italian Standard Setter Organismo Italiano di Contabilità (the OIC) launches two surveys on IAS 8 Accounting policies, Changes in Accounting Estimates and Errors. European constituents are invited to respond to the OIC.

• 14/01/2015 - EFRAG's comment letter on the IASB's ED/2014/4 - Proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28, IAS 36 and IFRS 13: Unit of Account

  EFRAG has published its comment letter in response to the IASB's Exposure Draft ED/2014/4.

• 07/01/2015 - EFRAG's final comment letter on the IASB proposed amendments to IAS 12 Recognition of Deferred Tax Assets for Unrealised Losses

  EFRAG has published its final comment letter in response to the IASB Exposure Draft ED/2014/3 Recognition of Deferred Tax Assets for Unrealised Losses (Proposed Amendments to IAS 12)

• 18/12/2014 - EFRAG's Final Endorsement Advice on IAS 27 - Equity Method in Separate Financial Statements

  EFRAG has completed its due process regarding the amendments to IAS 27 Equity Method in Separate Financial Statements (The Amendments) and has submitted its Endorsement Advice Letter to the European Commission.

• 15/12/2014 - EFRAG's draft comment letter on the IASB's ED/2014/5 - Classification and Measurement of Share-based Payment Transactions - Proposed amendments to IFRS 2

  EFRAG has published its draft comment letter in response to the IASB's Exposure Draft Classification and Measurement of Share-based Payment Transactions. Responses to the draft comment letter are requested by 30 January 2015.

• 06/11/2014 - EFRAG - EFFAS/ABAF - IASB User Event: Rate-regulated activities: is there anything missing from the balance sheet?

  EFRAG, EFFAS/ABAF and the IASB announce a new joint event for the User Community, taking place on 18 December in Brussels.