All news
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10/05/2024 - New translation of the VSME ED in Polish
EFRAG is pleased to announce that, in addition to the unofficial translations in German, French, Italian, Spanish and Greek, an unofficial translation of the VSME ED is now available in Polish, facilitating the participation of Polish-speaking constituents in the public consultation.
The translated document developed by Polish Chamber of Commerce can be found here.
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10/05/2024 - EFRAG SR TEG New Composition
EFRAG announces the new composition of the EFRAG Sustainability Reporting Technical Expert Group (EFRAG SR TEG). The EFRAG SR TEG welcomes 12 new members and expresses its gratitude to the 9 departing members. The 15 members, including Sigurt Vitols as Vice-Chair, are reappointed for a further mandate starting on 1 May 2024. Chiara Del Prete also continues to serve as EFRAG SR TEG Chair, under a three year mandate.
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10/05/2024 - April 2024 EFRAG Update Now Available
The April 2024 EFRAG Update is now available. Click here to read it: EFRAG Update April 2024.pdf
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07/05/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 08 May 2024
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02/05/2024 - Save the date 23 May 2024 - EFRAG | ISSB Joint Event Unlocking Synergy - Interoperability Guidance on IFRS Sustainability Disclosure Standards and European Sustainability Reporting Standards
Join us for the EFRAG-ISSB Joint Event "Unlocking Synergy: Interoperability Guidance on IFRS Sustainability Disclosure Standards and European Sustainability Reporting Standards" on 23 May 2024 from 14.00 to 16.00 CET, where we will explore the guidance material demonstrating the high level of alignment between the European Sustainability Reporting Standards (ESRS) and the International Sustainability Standards Board's IFRS Sustainability Disclosure Standards, and how a company can apply both sets of standards.
This event will take place in Brussels and online. Register here.
Download the Save the date.
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02/05/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 06 May 2024
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02/05/2024 - IFRS Foundation and EFRAG publish interoperability guidance
The IFRS Foundation and EFRAG have published guidance material to illustrate the high level of alignment achieved between the International Sustainability Standards Board's IFRS Sustainability Disclosure Standards and the European Sustainability Reporting Standards (ESRS) and how a company can apply both sets of standards, including detailed analysis of the alignment in climate-related disclosures. Having first worked during the development of the ISSB Standards and ESRS to deliver a high degree of alignment, today's publication now provides practical support that explains how companies can efficiently comply with both sets of standards.
Download the guidance material.
Download the press release.
Join us for the EFRAG-ISSB Joint Event "Unlocking Synergy: Interoperability Guidance on IFRS Sustainability Disclosure Standards and European Sustainability Reporting Standards" on 23 May 2024 from 14.00 to 16.00 CET, in Brussels or online. More info & registration here.
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01/05/2024 - EFRAG SR TEG meeting on approval ESRS ISSB joint interoperability mapping 02 May 2024
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30/04/2024 - EFRAG WELCOMES NEW FRIENDS OF EFRAG – SUSTAINABILITY REPORTING
We are happy to announce that 10 companies have officially become Friends of EFRAG, demonstrating their commitment to sustainability reporting and supporting EFRAG's mission.
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30/04/2024 - EFRAG Sustainability Reporting Board meeting 02 May 2024
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30/04/2024 - EFRAG’S Draft Comment Letter on the IASB's ED Business Combinations—Disclosures, Goodwill and Impairment
EFRAG has published its draft comment letter (‘the DCL’) on the IASB’s ED/2024/03 Business Combinations—Disclosures, Goodwill and Impairment (Proposed amendments to IFRS 3, IAS 36) (‘the ED’).Comments to the EFRAG DCL may be submitted until 28 June 2024. -
29/04/2024 - EFRAG and ANC joint event 13 May 2024 | Reporting de durabilité pour les PME
EFRAG and Autorité des Normes Comptables (ANC) are jointly organising a webinar "Reporting de durabilité pour les PME l Norme pour les PME non cotées (VSME ED) : le projet de l’EFRAG", on 13 May from 10 to 11 am CET.
This event will take place online, in French. Join the event here.
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29/04/2024 - EFRAG FRB new composition and EFRAG SRB new member
The EFRAG General Assembly approved the new composition of the EFRAG Financial Reporting Board (EFRAG FRB) effective 1 May 2024. The EFRAG FRB welcomes Anna Vidal and Carlos Moreno as new members & reappoints the other members, including Serge Pattyn as Vice-Chair, for a further mandate starting on 1 May 2024. The EFRAG Sustainability Reporting Board (EFRAG SRB) welcomes new member Thomas Roulland, who replaces Tegwen Le Berthe.
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26/04/2024 - New Open Positions - Join EFRAG’s Sustainability Reporting Team to Shape the Future of Sustainability Reporting
EFRAG is opening new positions in its sustainability reporting team:
- Social and Human Rights Reporting Specialists (employment and labour rights and due diligence)
- ESRS Sector Programme Experts (with different levels of seniority)
- Environmental Reporting Specialist
- Business Conduct and related Reporting Specialist
All positions are permanent, Brussels-based roles and require EEA nationality.
Applications, including a letter of motivation and a detailed CV, should be sent to Saskia Slomp, EFRAG CEO, at Rh@efrag.org by 27 May 2024.
Apply now and join us in shaping the future of sustainability reporting at EFRAG! -
25/04/2024 - Joint event in Italian on VSME - EFRAG Exposure Draft and Data Demands from Financial Sector and Large Understakings - 10 May
OIC, EFRAG, Assonime and Luiss University invite to the joint outreach event “SMEs Voluntary Sustainability Reporting: EFRAG Exposure Draft and Data Demands from Financial Sector and Large Understakings“
The event will take place on Friday, 10 May 2024 from 09:30 to 13:00 in Rome at Luiss Campus at Viale Romania, 32.
There is no charge for the participation. The event will be in Italian. Please find here the programme.
To follow the event in streaming, please register by clicking here. -
24/04/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 25 April 2024
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19/04/2024 - EFRAG seeks additional temporary technical staff to support the analysis of the feedback on VSME ED
EFRAG is looking for additional temporary natural persons or one person companies without legal personality to support the analysis of the feedback consultation on the voluntary standard for non-listed small- and medium-sized undertakings exposure draft (VSME ED).
Interested candidates should send their CV and expected daily fee to nominations@EFRAG.org by 28 April 2024.
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19/04/2024 - EFRAG Sustainability Reporting Board meeting 24 April 2024
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18/04/2024 - Vacancy – Executive Assistant
EFRAG is seeking an experienced and dynamic professional willing to support our management leaders in a fast-paced environment. The ideal candidate will provide high-level administrative and coordination support to our management team and the Chairs of our Boards.
Application deadline: 15 May 2024
Read more here.
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18/04/2024 - Feedback statement on Accounting for Variable Consideration—From a purchaser’s perspective
EFRAG has now issued its Feedback Statement, summarising the main comments EFRAG received on its Discussion Paper Accounting for Variable Consideration—From a purchaser’s perspective. -
17/04/2024 - EFRAG Endorsement Status Report - Update
The Endorsement Status Report now reflects the publication of IFRS 18 Presentation and Disclosure in Financial Statements by the IASB on 9 April 2024.
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17/04/2024 - Unofficial translation of the VSME ED in Greek available now
EFRAG is pleased to announce that, in addition to unofficial translations in German, French, Spanish and Italian, an unofficial translation of the VSME ED is now available in Greek, facilitating the participation of Greek-speaking constituents in the public consultation and field test. The document can be found here and has been translated by CSR Hellas and CSR Cyprus.
An outreach event will also take place on 19 April to discuss the VSME ED. More info here.
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17/04/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 22 April 2024
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15/04/2024 - Save the Dates - 7 and 11 June IFRS 18 webinars offered by EFRAG and IASB
On 7 June 2024 (10:00 – 13:00 CEST), the IASB, EFRAG & BusinessEurope invite stakeholders to participate in a joint webinar to introduce IFRS 18 Presentation and Disclosure in Financial Statements for corporates and to support them in its implementation. Register here.
On 11 June 2024 (9:00 – 12:00 CEST), the IASB, EFRAG, European Association of Co-operating Banks (EACB), European Banking Federation (EBF), European Savings and Retail Banking Group (ESBG) and Insurance Europe, invite stakeholders to participate in a joint webinar to introduce IFRS 18 for financial institutions, insurance companies and conglomerates and to support them in its implementation. Register here.
The interactive educational sessions will introduce the main requirements and focus on certain requirements set out in IFRS 18. The audience will be able to contribute to the discussion through Q&A sessions.
Both events are public and will be held online. A recording will be available on EFRAG's website.
A detailed programme of both sessions will be issued in the coming weeks.
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15/04/2024 - EFRAG FRB Webcast Meeting 30 April 2024
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15/04/2024 - Reporting standard setters get together- KAI to host April 2024 IFASS meeting
The Korean Accounting Institute (KAI) will host the April 2024 meeting of the International Forum of Accounting Standard Setters (IFASS). Chiara Del Prete, IFASS and EFRAG SR TEG Chair, will chair this three-day meeting, taking place on 17, 18 and 19 April.
This meeting will include standard-setters from 34 different jurisdictions worldwide to discuss topics related to financial reporting and sustainability reporting standard setting.
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12/04/2024 - Joint event in Italian on VSME - LO STANDARD VOLONTARIO EFRAG PER LA RENDICONTAZIONE DI SOSTENIBILITÀ DELLE PMI – SFIDE, CRITICITÀ E PRIME ESPERIENZE
On 24 April 2024, from 17:00 to 18:40 CET, Organismo Italiano di Business Reporting (O.I.B.R.) will organise with Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili, EFRAG and Organismo Italiano di Contabilità (OIC) an online event on the topic of VSME: "LO STANDARD VOLONTARIO EFRAG PER LA RENDICONTAZIONE DI SOSTENIBILITÀ DELLE PMI – SFIDE, CRITICITÀ E PRIME ESPERIENZE".
More info & registration here.
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12/04/2024 - EFRAG Update March 2024
The March 2024 version of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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12/04/2024 - EFRAG publishes Final Comment Letter on the IASB’s Exposure Draft Financial Instruments with Characteristics of Equity
EFRAG has published its Final Comment Letter on the IASB's ED/2023/5 Financial Instruments with Characteristics of Equity (Proposed amendments to IAS 32, IFRS 7 and IAS 1) ('the ED').
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12/04/2024 - EFRAG seeks companies to engage in transition plan implementation guidance
EFRAG is preparing guidance to help companies disclose their transition plans in line with ESRS standards.
To prepare this workstream, we are seeking insights from a diverse group of European companies subject to CSRD reporting to provide input on a variety of practices and challenges related to disclosing transition plans and to contribute to comprehensive upcoming guidance on transition planning.
The planned engagements will be conducted as interviews, each lasting between one to two hours, scheduled throughout April and May.
If your entity is interested, complete the online application form here by 23 April 2024. Interviews will be scheduled on a first-come-first-serve basis throughout April and May.
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12/04/2024 - Just 10 days to go – EFRAG surveys on the Post-Implementation Review of IFRS 16 Leases
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12/04/2024 - EFRAG Update March 2024
The March 2024 version of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below. -
11/04/2024 - EFRAG FRB Webcast Meeting 23 April 2024
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10/04/2024 - European Commission expert dialogue on how to support companies in applying the ESRS - 16 May 2024
On 16 May the European Commission is hosting an expert dialogue on how to support companies in applying the ESRS.
The event will bring together experts and practitioners from Member States, business and trade associations, companies, consultancies, auditors and other stakeholders. Its goal is to showcase ongoing initiatives and discuss ideas for further mechanisms to support companies that apply the new reporting standards. During the event, Patrick de Cambourg, Chair of EFRAG SRB, will present EFRAG's plans to facilitate the implementation of ESRS.
This is a hybrid event, which can be attended in person on a first-come-first-served basis or by connecting virtually.
You can find more information and register for the event here.
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10/04/2024 - Join EFRAG as (Senior) Technical Manager - Expand your IFRS expertise
EFRAG is recruiting a (Senior) Technical Manager for its financial reporting pillar. The role is based at EFRAG's Brussels office.
How to apply: Applications (CV & motivation letter – with your name and surname as the document's title), mentioning EFRAG FR Team – Technical Manager (or Senior Technical Manager) in the subject, should be sent to rh@efrag.org.
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09/04/2024 - Q and A session – ESRS XBRL Taxonomy – 12 April 2024
EFRAG invites stakeholders (preparers, analysts, data providers, software vendors, investors, financial institutions, experts, etc) to an online Q&A session on the ESRS Set 1 Draft XBRL Taxonomy, Friday 12 April from 10 to 11 am CET.
Participants will have the opportunity to exchange with the technical experts on the ESRS XBRL Taxonomy topic.
Don't miss this opportunity! Register by completing the online form here.
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09/04/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 11 April 2024
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04/04/2024 - News Item on unofficial translations of the VSME ED in Spanish and Italian
EFRAG is pleased to announce that, in addition to unofficial translations in German and French, unofficial translations of the VSME ED are now available in Spanish and Italian, facilitating Spanish and Italian-speaking constituents to participate in the public consultation and field testing.
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04/04/2024 - Joint event on VSME - EFRAG, Consejo General de Economistas and ICAC - 12 April 2024
EFRAG, Consejo General de Economistas and ICAC- Instituto de Contabilidad y Auditoria de Cuentas will hold a joint hybrid event on 12 April 2024, from 10.00 to 11.30 CET on the voluntary sustainability reporting standard for non-listed SMEs (VSME) developped by EFRAG.
The event will be in Spanish. More info and registration here. -
02/04/2024 - EFRAG FR TEG Webcast Meeting 5 April 2024
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02/04/2024 - EFRAG FRB Webcast Meeting 10 April 2024
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27/03/2024 - Join EFRAG as Financial Reporting (Senior) Technical Manager - Financial Institutions Specialist
EFRAG is looking for a Financial Reporting (Senior) Technical Manager - Financial Institutions Specialist to be offered a secondment or permanent employment contract based in Brussels. For full details, please download the job description.
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26/03/2024 - Extension of deadline for EFRAG surveys on the Post-Implementation Review of IFRS 16 Leases
In February 2024, EFRAG launched two online surveys to gather input from diverse stakeholder groups on the effects of the implementation of IFRS 16. EFRAG is extending the deadline for responses to 22 April 2024.
To learn more about the purpose and content of the surveys, check out our video with Jens Berger (EFRAG FR TEG Vice Chair) and Kathrin Schöne (EFRAG Project Director).
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26/03/2024 - EFRAG and DRSC Joint public discussion on ESRS LSME ED and VSME ED
EFRAG and ASCG - Accounting Standards Committee of Germany are jointly organising a webinar to explore EFRAG's sustainability reporting proposals for SMEs on 10 April 2024, from 2:00 to 4:00 p.m.
We warmly welcome public participation to discuss the proposals and share your assessments of the ESRS LSME ED and VSME ED. This event is free of charge and predominantly in German. You can register until April 3, 2024 at rodriguez@drsc.de .
The program for this event can be found here .
Don't miss out – register by 3 April 2024, at rodriguez@drsc.de.
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26/03/2024 - EFRAG FR TEG Webcast Meeting 3 April 2024
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26/03/2024 - EFRAG Financial Reporting TEG New Composition
EFRAG Financial Reporting Technical Expert Group (EFRAG FR TEG) welcomes Andrea Lionzo, An Lommers and Peter Ujvari as new members & reappoints other members up for rotation, including Jens Berger as Vice-Chair, for a further mandate starting on 1 April 2024. -
25/03/2024 - Call for tenders to assist EFRAG on its analysis of public consultation feedback for the ESRS LSME ED and VSME ED
EFRAG has issued today an open call for tenders to assist in analysing the feedback stemming from the public consultation for the ESRS LSME ED and VSME ED.
Download the components of this call for tenders:
Tenders, which should include a completed and signed Information Form and all the information specifically requested in the call for tenders, should be sent to EFRAG at call.for.tender@EFRAG.ORG no later than 5 April 2024 by the end of the business day. The tenderers must be based in an EEA country.
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25/03/2024 - EFRAG FR TEG Webcast Meeting 12 April 2024
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22/03/2024 - CALL FOR EXPERTS road transport and textiles, accessories, jewellery and footwear experts, to join two sector communities
Following recent work on the road transport and textiles, accessories, jewellery and footwear sector standards, EFRAG will soon seek feedback from the respective sector communities regarding this work.
We are looking for technical experts with proven experience in the sectors who are interested and available to join the respective sector communities and provide comments on the related working papers.
Apply here to support the development of these two draft sector standards. Deadline for application: 19 April 2024.
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22/03/2024 - EFRAG IS SEEKING TEMPORARY TECHNICAL STAFF TO SUPPORT THE ANALYSIS OF THE FEEDBACK ON VSME ED
EFRAG is looking for temporary free lancers (natural persons or one person companies) to support the analysis of the feedback consultation on the Exposure Draft Voluntary standard for non-listed small- and medium-sized undertakings (VSME ED).
Interested candidates should send their CV and expected daily fee to nominations@EFRAG.org by 5 April 2024. The work-field will start on 22 April 2024.
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19/03/2024 - Call for Mining, Quarrying and Coal Experts to join the sector community
Following recent work on the Mining, Quarrying and Coal draft sector standard, EFRAG will soon seek feedback from sector communities regarding this work.
We are looking for technical experts with proven experience in the respective sectors who are interested and available to join our sector community and provide comments on the updated Working Paper.
Feedback will be requested throughout late March and April. The deadline for expressing interest in this announcement is 26 March 2024. Apply here.
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18/03/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 21 March 2024
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18/03/2024 - EFRAG FR TEG Webcast Meeting 20 March 2024
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18/03/2024 - Representatives of EFRAG, the Korea Sustainability Standards Board (KSSB) and the Financial Services Commission (FSC) meet in Brussels
On 12 March 2024, EFRAG representatives had the pleasure to welcome delegates from Korea Sustainability Standards Board (KSSB) and Financial Services Commission (FSC) in EFRAG offices, Brussels and discussed the developments of sustainability reporting disclosures across different jurisdictions.
Download the press release.
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18/03/2024 - EFRAG FRB Webcast Meeting 22 March 2024
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18/03/2024 - SAVE THE DATE - XBRL Taxonomy outreach event - 3 April 2024
EFRAG invites stakeholders (preparers, analysts, data providers, software vendors, investors, financial institutions, experts, etc) to a hybrid outreach event on the ESRS Set 1 Draft XBRL Taxonomy, Wednesday 3 April 2024 from 13.30 to 16.00 CET.
Participants will be provided with a complete overview of the ESRS Set 1 Draft XBRL Taxonomy and will have the opportunity to provide their feedback and exchange with the speakers. Your input matters!
This is a hybrid event taking place online and in EFRAG offices (Brussels) and will be followed by a networking coffee on site.
Register by completing the online form here. Download the Save the date.
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15/03/2024 - Publication of unofficial translations of VSME ED in French, German and Italian
EFRAG is pleased to share that unofficial translated versions of the VSME ED are made available to support constituents to participate to the consultation and field test.
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14/03/2024 - PRESS RELEASE - Representatives of EFRAG and the Japanese Accounting and Sustainability Boards Hold Meetings in Brussels
Representatives of EFRAG and representatives of the Accounting Standards Board of Japan (ASBJ) and the Sustainability Standards Board of Japan (SSBJ) (hereinafter referred to as "the Japanese Boards") held meetings on 13-14 March 2024 in Brussels, Belgium.
Download the press release.
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14/03/2024 - EFRAG releases summary report on the conference European Corporate Reporting- two pillars for success
EFRAG is pleased to release its summary report on the conference "European Corporate Reporting: two pillars for success" that took place on 28 November 2023 in Brussels. Photos and video are now available as well.
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13/03/2024 - EFRAG Sustainability Reporting Board meeting 20 March 2024
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13/03/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 19 March 2024
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08/03/2024 - EFRAG FR TEG Webcast Meeting 14 March 2024
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08/03/2024 - EFRAG FR TEG - CFSS Webcast Meeting 13 March 2024
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08/03/2024 - EFRAG Update February 2024
The February 2024 version of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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07/03/2024 - osapiens, SIBS and Greenomy become Friends of EFRAG to support Sustainability Reporting
We are happy to announce that osapiens, SIBS, and Greenomy have officially become Friends of EFRAG, demonstrating their commitment to sustainability reporting and supporting EFRAG’s mission.
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05/03/2024 - EFRAG FR TEG webcast meeting 6 March 2024
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05/03/2024 - EFRAG Sustainability Reporting Technical Expert Group meeting on 7 March 2024
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01/03/2024 - 11 March 2024 EFRAG, IASB and EAA online workshop on IASB ED FICE
On 11 March 2024, EFRAG will join the IASB and the EAA for a workshop about the IASB’s Exposure Draft FICE.
This online workshop will provide an overview of the IASB’s ED FICE (Proposed amendments to IAS 32, IFRS 7 and IAS 1) and an overview of EFRAG’s draft comment letter.
The audience will have the opportunity to ask questions and exchange with the presenters.
If you would like to participate, please register here.
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01/03/2024 - 12 March 2024 Italian-speaking outreach event on IASB ED FICE by EFRAG and OIC
On 12 March 2024, EFRAG will join the OIC (Organismo Italiano Contabilità) event aimed at discussing the IASB’s Exposure Draft Financial Instruments with Characteristics of Equity (FICE), in cooperation with the IASB.The event will take place at Milan Torre PwC (Piazza Tre Torri, 2) and may be followed in streaming. The event will be in Italian and participation will be free of charge.
Virtual participants can register by clicking the link. Participants who would like to come in-person are invited to provide their name, e-mail address and organisation to fice@efrag.org by 6 March. -
01/03/2024 - EFRAG releases second set of technical Explanations on ESRS
Today, EFRAG announces the release of the second set of technical Explanations to assist stakeholders in the implementation of the ESRS via the EFRAG ESRS Q&A Platform.
Click here to access the document.
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28/02/2024 - Launch of the EFRAG Financial Institution Advisory Panels (FIAPs) – advising EFRAG SR TEG on the related sector standards
EFRAG SR TEG approved the composition of the EFRAG Banking, Capital Markets and Insurance Advisory Panels (EFRAG BAP, CMAP and IAP respectively).
These advisory panels will advise the EFRAG SR TEG on the development of the ESRS sector standards required under CSRD.
Consult the composition of the panels here.
EFRAG SR TEG also thanks the related Sector Communities who will assist in this regard as well. Stakeholders with an interest in sustainability reporting for FI sectors are invited to join the relevant community by expressing an interest (including CV) to FIAPs@efrag.org.
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27/02/2024 - CEN, CENELEC and EFRAG join forces to foster synergies in sustainability reporting
A Memorandum of Understanding enhances the commitment to develop maximum synergies between the different European Standards developed by EFRAG and by CEN and CENELEC in the field of sustainability reporting. The aim is to facilitate the implementation of sustainability reporting requirements for European businesses.
Download the press release.
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27/02/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 29 February 2024
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26/02/2024 - Reminder - EFRAG’s survey on the IASB’s Exposure Draft Financial Instruments with Characteristics of Equity (‘FICE’) still open for input by 8 March
On 1 February, EFRAG launched an online survey to seek views on the IASB’s ED/2023/5 Financial Instruments with Characteristics of Equity (Proposed amendments to IAS 32, IFRS 7 and IAS 1) (‘the ED’). Watch a brief video explaining what the survey is about, its purpose and a request for constituents to complete it.
We highly encourage stakeholders to complete the online survey by 8 March 2024.
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26/02/2024 - EFRAG Administrative Board Meeting on 27 February 2024
EFRAG announces that it will hold a session of the EFRAG Administrative Board Meeting on Tuesday 27 February 2024 in public to address due process matters. The session will be held from 13:15 hrs to 13:40 hrs (CET).
To watch the live webcast please register here.
The agenda and public documents for the meeting can be found here.
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23/02/2024 - EFRAG Sustainability Reporting Board physical meeting 28 February 2024
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board physical meeting on Wednesday 28 February 2024. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here.
The agenda for the meeting and supporting documents are available here. -
23/02/2024 - Reminder - Workshop to present the Draft ESRS Set 1 XBRL Taxonomy
EFRAG invites other stakeholders (preparers, analysts, data providers, software vendors, investors, financial institutions, etc) to a hybrid workshop on the ESRS Set 1 Draft XBRL Taxonomy, Thursday 29 February 2024 from 13.30 to 15.30 CET.
Participants will be provided with a complete overview of the ESRS Set 1 Draft XBRL Taxonomy and will have the opportunity to provide their feedback and exchange with the speakers. Your input matters!
Don't miss out on this chance to contribute to the shaping of ESRS Set 1 Draft XBRL Taxonomy: register to the workshop by completing the registration form before 28 February 2024 noon and join us online or physically in EFRAG offices in Brussels!
(Physical participation subject to confirmation) -
22/02/2024 - EFRAG FRB & EFRAG SRB Physical Meeting 28 February 2024
EFRAG announces that it will hold its EFRAG FRB & EFRAG SRB joint physical meeting on Wednesday 28 February 2024. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
21/02/2024 - Internship Vacancy – Administrative Assistant
Are you ready to embark on a dynamic internship experience where you'll play a crucial role in supporting our Secretariat and gain valuable hands-on experience in a fast-paced environment?
Join EFRAG as an administrative assistant intern and be part of our mission to build on and contribute to progress in corporate reporting!
- Location: EFRAG offices, Brussels, Belgium
- Period: 3 to 6 months term
- Hours: Full-time (38 hrs/week)
- Allowance: Contribution to living costs, meal tickets + transport allowance
The ideal start date for this position is 1 April 2024. We also welcome applications beyond this date.
Application deadline: 15 March 2024
Download the job descritpion.
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20/02/2024 - EFRAG survey seeks input from users on the effects of the implementation of IFRS 16 Leases – Has the reporting for leasing activities been improved?
As part of its outreach on the Post-implementation Review of IFRS 16 Leases, EFRAG invites users of financial statements to provide their views on the usefulness of information as a result of the implementation of IFRS 16, by filling in the EFRAG survey. The survey feedback will complement the feedback received from preparers, auditors, regulators, and national standard setters.
Participants can access the survey contents as a PDF here and complete the survey here until 15 April 2024. -
20/02/2024 - EFRAG Sustainability Reporting Board meeting 21 February 2024
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20/02/2024 - Launch of educational videos on SME standards
EFRAG is happy to present educational videos dedicated to the ESRS LSME ED and VSME ED, which were released for public consultation on 22 January 2024.
The three videos cover:
- highlights of the two SME Exposure Drafts, providing a glimpse into the standards;
- the presentation of the ESRS LSME Exposure Draft, covering the draft standard in detail, including the main simplifications from the first Set of ESRS; and
- the presentation of the VSME Exposure Draft, covering the draft standard in detail.
Whether you want a brief introduction to the draft standards or a longer explanation, take a dive into these videos featuring our experts!
Click here to watch the videos on our Youtube channel!
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19/02/2024 - EFRAG FRB Physical Meeting 29 February 2024
EFRAG announces that it will hold its EFRAG FRB physical joint meeting on Thursday 29 February 2024. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
14/02/2024 - Passing of Johan van Helleman, former EFRAG TEG Chair
We are sad to learn that Johan van Helleman, first Chair of the EFRAG TEG, passed away.
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13/02/2024 - SAVE THE DATE | 20 February 2024 – Public consultation outreach event for SMEs
EFRAG invites interested stakeholders to join our hybrid outreach event focusing on SMEs, scheduled on 20 February 2024, from 10:00 to 12:15 CET. This event complements the launch of the public consultation for two Exposure Drafts (EDs) on sustainability reporting standards for SMEs.
The primary objective of this event is to provide a comprehensive overview of the two Exposure Drafts on sustainability reporting standards for SMEs, namely:
- the ESRS for listed SMEs (ESRS LSME ED) and
- the voluntary reporting standard for non-listed SMEs (VSME ED).
Registered participants will have the invaluable opportunity to share their feedback by answering polling questions during the event. Your input matters!
Don't miss out on this chance to contribute to the shaping of sustainability reporting standards for SMEs. Register before 16 February and join us online or physically in EFRAG offices in Brussels!
Download the Save the date.
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13/02/2024 - Any issue with IFRS 16 Leases? Please express your views by filling in the EFRAG survey on Post-Implementation Review of IFRS 16
EFRAG is launching a survey to seek input from preparers, auditors, regulators, and national standard setters in preparation for the IASB request for information related to the post-implementation review of IFRS 16 Leases. EFRAG will publish a user survey separately, around 21 February 2024.
Participants can access the survey contents as a PDF here and complete the survey here until 15 April 2024.
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13/02/2024 - EFRAG joins ASCG and AFRAC for German outreach event on IASB Exposure Draft ED 2023 5 FICE
On 4 March 2024, the German Accounting Standards Committee e.V. (ASCG) together with the standard setter from Austria (Austrian Financial Reporting Advisory Committee, AFRAC) and EFRAG, in cooperation with the IASB, will discuss the IASB's Exposure Draft ED/2023/5 Financial Instruments with Characteristics of Equity.
The event will be held virtually and in German. Selected content may be presented in English. If you would like to participate, please register by sending an email to bahrmann@drsc.de before 20 February 2024.
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08/02/2024 - Public consultation on the Draft XBRL Taxonomy for ESRS Set 1
Today EFRAG launches its public consultation on the Draft XBRL Taxonomy for ESRS Set 1. In addition, EFRAG consults on the Draft XBRL Taxonomy for Article 8 disclosures that it has been asked to prepare as well. The consultations will be open until 8 April 2024. EFRAG invites stakeholders to review and test the XBRL taxonomies and to complete the surveys.
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06/02/2024 - EFRAG Update January 2024
The January 2024 version of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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05/02/2024 - EFRAG ESRS Question and Answer Platform releases first set of technical Explanations
Today, EFRAG is pleased to release the first set of technical Explanations provided to assist stakeholders in the implementation of the ESRS via the EFRAG ESRS Q&A Platform.
Click here to access the full document.
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01/02/2024 - EFRAG launches survey on IASB’s ED Financial Instruments with Characteristics of Equity
EFRAG is launching an online survey to seek views on the IASB’s ED/2023/5 Financial Instruments with Characteristics of Equity (Proposed amendments to IAS 32, IFRS 7 and IAS 1) (‘the ED’).
You may submit your answers, by using the link to the survey, by 8 March 2024. You can access the PDF version here.
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01/02/2024 - EFRAG Sustainability Reporting Board meeting 07 February 2024
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30/01/2024 - EFRAG publishes Feedback Statement on Post-Implementation Review of IFRS 15 Revenue from Contracts with Customers
The Feedback Statement summarises constituents' feedback to EFRAG with respect to the IASB Request for Information for the Post-Implementation review of IFRS 15 Revenue from Contracts with Customers and explains how this feedback was considered in developing EFRAG’s Final Comment Letter.
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29/01/2024 - EFRAG FR TEG & EFRAG SR Joint Hybrid Meeting 15 February 2024
EFRAG announces that it will hold its EFRAG FR TEG & EFRAG SR TEG joint hybrid meeting on Thursday 15 February 2024. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
25/01/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 01 February 2024
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 01 February 2024. To watch the webcast live or at a later stage please click here.
The agenda of the meeting is available here. The supporting documents will be gradually uploaded.
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25/01/2024 - EFRAG FR TEG Physical Meeting 15 February 2024
EFRAG announces that it will hold its EFRAG FR TEG physical joint meeting on Thursday 15 February 2024. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
24/01/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 30 January 2024
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24/01/2024 - EFRAG is looking for Senior Secondments in kind to support its SR activities in 2024
EFRAG is looking for senior secondments in kind to support its work on the sustainability reporting work plan for 2024 including sector ESRS, implementation support, non-EU ESRS and interoperability with other frameworks and standards.
These positions are available on a full-time and part-time basis (minimum 50%) at least for a six-months period.
Application deadline: 14 February 2024.
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24/01/2024 - EFRAG FR TEG Physical Meeting 14 February 2024
EFRAG announces that it will hold its EFRAG FR TEG physical meeting on Wednesday 14 February 2023. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
24/01/2024 - EFRAG launches workshops on its draft Sector Classification
EFRAG announces that it will hold a series of online workshops in February 2024 to collect feedback on the current version of the draft ESRS – SEC1 Sector Classification, which is expected to be shared for consultation in the coming months.
All interested stakeholders are invited to participate. To join the workshops, please subscribe to EFRAG's Sector-Specific Communities and select your sector(s) of interest using this link unless you are still part of the communities you registered to in the past.
We look forward to hearing from you, your feedback counts!
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22/01/2024 - EFRAG’s public consultation on two Exposure Drafts on sustainability reporting standards for SMEs
EFRAG launches today the public consultation on the Exposure Draft ESRS for listed SMEs (ESRS LSME ED) and the Exposure Draft for the voluntary reporting standard for non-listed SMEs (VSME ED). The consultation will be open until 21 May 2024.
EFRAG invites preparers and users to participate in a field test and reminds them that the deadline to submit interest for participation in the field test is 31 January 2024.
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22/01/2024 - EFRAG announces new appointments
EFRAG welcomes Tommaso Fabi as the new Chair and Aissata Toure as new member of the EFRAG Rate-regulated Activities Working Group (RRAWG).
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19/01/2024 - EFRAG FRB webcast meeting 30 January 2024
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19/01/2024 - OIC and EFRAG joint event "Reporting di sostenibilità Standard e linee guida lo stato dell’arte' in Italian , Monday 22 January 2024
Organismo Italiano di Contabilità (OIC) with EFRAG will hold the event “Sustainability Reporting. Standards and Implementation Guidance: the state of the art” on 22 January 2024, from 10.00 to 13.00 CET. The event will mainly be in Italian.
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18/01/2024 - EFRAG Sustainability Reporting Board meeting 24 January 2024
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17/01/2024 - EFFRAG financial reporting and sustainability reporting internship opportunities
Eager to gain valuable work experience in the fast-moving environment of corporate reporting? Then apply to be our new intern and unlock your career! We still have a few open spots for February 2024!
- Location: EFRAG offices, Brussels, Belgium
- Period: Recruitment on continuous basis, 6 months term (renewal possible for one term of 6 months). Limited open positions still available from February 2024.
- Hours: Full-time (38 hrs/week)
- Allowance: Contribution to living costs, meal tickets + transport allowance
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17/01/2024 - EFRAG ANNOUNCES NEW COMPOSITION OF ITS ADMINISTRATIVE BOARD AND APPOINTMENT OF NEW EFRAG FRB AND SRB MEMBERS
EFRAG announces:
- The new composition of its Administrative Board effective from 22 January 2024 and in particular welcomes the new Austrian representative, Helmut Maukner;
- Martin Thygesen, appointed as EFRAG FRB member (Danish Funding Mechanism);
- Alexander Bassen, appointed as EFRAG SRB member (EFFAS and Eurosif, user sector).
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15/01/2024 - EFRAG’s draft comment letter on the IASB’s ED Financial Instruments with Characteristics of Equity and invitation to participate in online survey and extensive field-test
EFRAG has published its draft comment letter ('the DCL') on the IASB's ED/2023/5 Financial Instruments with Characteristics of Equity (Proposed amendments to IAS 32, IFRS 7 and IAS 1) ('the ED') and seeks constituents' views on the IASB proposals.
Comments to the EFRAG DCL can be submitted by 20 March 2024.
In coordination with European National Standard Setters, EFRAG is also conducting field-testing of the IASB's proposals included in the ED. Entities can indicate their interest to participate in the extensive field-test at: fice@efrag.org by 23 January 2024.
Those who intend to participate in the online survey do not need to register beforehand.
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12/01/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 18 January 2024
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12/01/2024 - EFRAG FR TEG-CFSS webcast meeting 26 January 2024
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12/01/2024 - EFRAG Endorsement Advice on Amendments to IAS 21
EFRAG has completed its due process regarding Amendments to IAS 21, The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability, and has submitted its Endorsement Advice Letter to the European Commission.
The Endorsement Advice Letter to the European Commission can be found here. -
10/01/2024 - 17/01/2024 - EFRAG CFSS MEETING – SUSTAINABILITY REPORTING – PREVIEW OF VSME LSME CONSULTATION
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09/01/2024 - EFRAG FR TEG Webcast Meeting 19 January 2024
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09/01/2024 - EFRAG Sustainability Reporting Technical Expert Group Meeting 15 January 2024
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09/01/2024 - EFRAG FR TEG Webcast Meeting 18 January 2024
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09/01/2024 - EFRAG Update December 2023
The December 2023 version of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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05/01/2024 - Last call to join the EFRAG SR TEG for the 2024 rotation
EFRAG is calling for candidates for the rotation of the EFRAG SR TEG.
EFRAG is looking for candidates with a wide range of expertise and specialisations in the ESG domains and in particular standards referenced in the CSRD, from a wide range of backgrounds, geographical origins (EEA nationality) and diversity.
Appointments will start on 1 May 2024 and will be for one or two years (i.e. expiring on 30 April 2025 or 30 April 2026).
Candidatures should be submitted by completing the online candidature form by 8 January 2024.
The complete call for candidates is accessible here.
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03/01/2024 - EFRAG FRB & EFRAG FR TEG joint webcast meeting 8 January 2024
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22/12/2023 - Publication of the 3 Draft EFRAG ESRS IG documents (EFRAG IG 1 to 3)
EFRAG has published its first three draft ESRS Implementation Guidance documents for public feedback. Draft EFRAG IG 1 deals with the requirements on the materiality assessment in ESRS and Draft EFRAG IG 2 with the value chain aspects in ESRS. Draft EFRAG IG 3 contains the detailed ESRS datapoints as a Microsoft Excel workbook with an accompanying explanatory note.
Stakeholders can provide feedback by accessing the relevant surveys by 2 February 2024.
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22/12/2023 - Happy New Year 2024
EFRAG wishes you and your loved ones a season filled with warmth and a happy new year 2024.
Our offices are closed from 25 to 30 December 2023.
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21/12/2023 - EFRAG Sustainability Reporting Board meeting 10 January 2024
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21/12/2023 - EFRAG and TNFD sign a cooperation agreement to further advance Nature-related Reporting
EFRAG and the Taskforce on Nature-related Financial Disclosures (TNFD) have announced the signing of a cooperation agreement, highlighting the importance of addressing nature-related issues to advance corporate sustainability and reflecting a shared commitment to enhance corporate transparency related to biodiversity and ecosystems.
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20/12/2023 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IAS 1 Presentation of Financial Statements is now reflected in the Endorsement Status Report. The updated EFRAG Endorsement Status Report can be found here.
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20/12/2023 - Call for participation in field test of EFRAG exposure drafts on sustainability reporting standards for SMEs
EFRAG is calling for SMEs and users to test its forthcoming exposure drafts on voluntary sustainability reporting standard for non-listed SMEs (VSME) and ESRS for listed SMEs (ESRS LSME). Confirmation of interest to be provided by 31 January 2024. -
15/12/2023 - Reminder - Join the EFRAG SR TEG for the 2024 rotation
EFRAG is calling for candidates for the rotation of the EFRAG SR TEG.
EFRAG is looking for candidates with a wide range of expertise and specialisations in the ESG domains and in particular standards referenced in the CSRD, from a wide range of backgrounds, geographical origins (EEA nationality) and diversity.
Appointments will start on 1 May 2024 and will be for one or two years (i.e. expiring on 30 April 2025 or 30 April 2026).
Candidatures should be submitted by completing the online candidature form by 8 January 2024.
The complete call for candidates is accessible here.
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14/12/2023 - EFRAG Sustainability Reporting Board meeting 15 December 2023
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14/12/2023 - EFRAG is hiring a new office manager
EFRAG is looking for an office manager to be offered a permanent contract.
The ideal candidate could start on 15 February 2024. Applications are requested by 15 January 2024.
You will be part of a team of three office managers. The function is based at EFRAG’s Brussels office within this function only limited teleworking allowed (maximum one day a week in consultation with the other office managers).
Download the job description in PDF here.
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12/12/2023 - EFRAG FR TEG & EFRAG FRB Joint Physical Meeting 19 December 2023 2023
EFRAG announces that it will hold its EFRAG FR TEG & EFRAG FRB physical joint meeting on Tuesday 19 December 2023. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
12/12/2023 - EFRAG FR TEG Physical Meeting 20 December 2023
EFRAG announces that it will hold its EFRAG FR TEG physical meeting on Wednesday 20 December 2023. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
07/12/2023 - EFRAG Final Comment Letter on the IASB's Exposure Draft Annual Improvements - Volume 11
EFRAG has published its Final Comment Letter in response to the in response to the IASB's Exposure Draft IASB/AI/ED/2023/1 Annual Improvements—Volume 11 ('the ED').
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07/12/2023 - New joint webinar "Supporting high-quality ESRS implementation" organised by Accountancy Europe and EFRAG
Accountancy Europe and EFRAG are organising a 2-hour joint webinar "Supporting high-quality ESRS implementation" on 12 December from 10.00 to 12.00 CET.
Full programme and registration here.
The Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) will be effective on 1 January 2024 starting with the first companies in scope. The ESRS guide how companies report information under the CSRD. They introduce many new concepts and first-time requirements which will challenge stakeholders in the corporate reporting ecosystem.
EFRAG is currently developing a list of ESRS datapoints as well as guidance on two key ESRS concepts: materiality assessment and value chain.
Accountancy Europe and EFRAG are jointly organising this webinar to:
look into the challenges to ESRS implementation and how to overcome them
share perspectives from the reporting ecosystem on the two implementation guidance in consultation (the draft Materiality Assessment Implementation Guidance & the draft Value Chain Implementation Guidance)
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07/12/2023 - EFRAG Update November 2023
The November 2023 version of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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04/12/2023 - EFRAG welcomes the work of the ISSB in relation to high quality climate-related disclosures at global level
EFRAG is happy to announce that it subscribed to the following public statement noting in addition that European Sustainability Reporting Standards (ESRS) already incorporate the climate-related ISSB disclosures under a thorough interoperability approach:
"Given the effects of climate risks on companies, financial institutions and capital markets, EFRAG welcomes the work by the ISSB and its climate reporting requirements in delivering high quality climate-related disclosures that enable enhanced transparency about climate risks and opportunities at the global level".
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04/12/2023 - EFRAG Sustainability Reporting Board meeting 13 December 2023
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04/12/2023 - 2023 EFRAG Conference - Thank you!
A Big Thank You to Our Conference Participants!
We want to extend our sincere gratitude to all the participants, speakers and panelists who joined us at the 2023 EFRAG Conference. Your presence, engagement, and insights contributed immensely to the event's success. -
01/12/2023 - REMINDER - EFRAG seeks comments on its Draft Endorsement Advice on Lack of Echangeability (Amendments to IAS 21)
EFRAG is consulting on its assessment of Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates Lack of Exchangeability against the technical criteria for endorsement in the EU, and on its assessment on whether the Amendments are conducive to the European public good.
Comments are requested by 7 December 2023 by completing this form.
EFRAG's draft endorsement advice letter is available here.
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30/11/2023 - EFRAG and GRI enhance collaboration with deeper ties
New cooperation agreement reached, as GRI-ESRS Interoperability Index is made publicly available.
Read the press release.
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30/11/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 05 December 2023
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29/11/2023 - EFRAG FRB Webcast Meeting 7 December 2023
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29/11/2023 - Report with key messages from the September 2023 IFASS meeting available
A report with the key messages and points of discussion from the financial and sustainability reporting topics covered at the September 2023 IFASS (International Forum of Accounting Standard Setters) meeting has been issued.
Read the report here. -
29/11/2023 - EFRAG FR TEG Webcast Meeting 5 December 2023
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28/11/2023 - EFRAG Sustainability Reporting Board meeting 29 November 2023
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27/11/2023 - EFRAG-supported academic study sheds light on costs and benefits of the IFRS 15 adoption
EFRAG has published an EFRAG-supported academic study on the effects of the adoption of IFRS 15 Revenue from Contracts with Customers on preparers and users of financial statements. The study's findings shed light on the related costs and benefits and these findings were incorporated into EFRAG's comment letter on the post-implement review of IFRS 15. The study is available here.
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24/11/2023 - Deadline approaching - Provide your comments on EFRAG’s Discussion Paper Accounting for Variable Consideration - From a Purchaser’s Perspective
The deadline for commenting on EFRAG’s Discussion Paper on variable consideration is 30 November 2023.
Stakeholders are invited to provide their comments!
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23/11/2023 - Reminder – Please respond to the EFRAG Draft Comment Letter on the IASB's Exposure Draft Annual Improvements - Volume 11 by 28 November
Constituents have until 28 November 2023 to respond to the EFRAG Draft Comment Letter ('the DCL’) in response to the IASB's Exposure Draft IASB/AI/ED/2023/1 Annual Improvements—Volume 11 ('the ED').
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21/11/2023 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) is now reflected in the Endorsement Status Report. The updated EFRAG Endorsement Status Report can be found here.
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17/11/2023 - Publication of the final programme for the 2023 EFRAG Conference, 28 November in Brussels
EFRAG is delighted to announce the publication of the final programme for the 2023 EFRAG Conference "European corporate reporting: two pillars for success" organised in cooperation with the European Commission.
Join us on 28 November for a day of insightful discussions, valuable keynote speeches, and networking opportunities.
You can still register to attend online here (in-person registration closed).
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17/11/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 22 November 2023
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17/11/2023 - EFRAG Sustainability Reporting Board meeting 23 November 2023
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16/11/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 20 November 2023
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15/11/2023 - EFRAG FR TEG Meeting 29 November 2023
EFRAG announces that it will hold its EFRAG FR TEG physical meeting on Wednesday 29 November 2023. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
15/11/2023 - EFRAG FR TEG - CFSS physical meeting 29 November 2023
EFRAG announces that it will hold its EFRAG FR TEG - CFSS physical meeting on Wednesday 29 November 2023. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
10/11/2023 - The programme for the 2023 EFRAG Conference is out now! 28 November, Brussels
EFRAG is thrilled to announce the release of the programme for the 2023 EFRAG Conference"European corporate reporting: two pillars for success" organised in cooperation with the European Commission.
Join us on 28 November in Brussels for a day of insightful discussions, valuable keynote speeches, and networking opportunities. Here is a sneak peek of the speakers:- Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and Capital Markets Union, EC
- Pascal Durand, Rapporteur CSRD, MEP
- Patrick de Cambourg, EFRAG SRB Chair
- Emmanuel Faber, ISSB Chair
- Jean-Paul Servais, IOSCO Chair
- John Turner, XBRL International CEO
- Wolf Klinz, EFRAG FRB Chair
- Linda Mezon-Hutter, IASB Vice Chair
- Verena Ross, ESMA Chair
Christine Lagarde, ECB President, will also deliver a message.Other high-level speakers and panelists will share their views on accomplishments and challenges ahead in the field of sustainability reporting, debate the new developments in financial reporting and address the latest trends to connect both areas in the fast-evolving environment of corporate reporting.
Mark your calendar for this enriching event! Register here to participate in-person or virtually.
- Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and Capital Markets Union, EC
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09/11/2023 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of the Amendments to IAS 12 International Tax Reforms - Pillar Two Model Rules is now reflected in the Endorsement Status Report. The updated EFRAG Endorsement Status Report can be found here.
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09/11/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 13 November 2023
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08/11/2023 - EFRAG Sustainability Reporting Board meeting 15 November 2023
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08/11/2023 - EFRAG and CDP announce cooperation to drive market uptake of European Sustainability Reporting Standards
The cooperation will maximize alignment of CDP’s global environmental disclosure platform with the EU's environmental reporting standards and build capacity among companies globally to fulfill the regulatory requirements.
Read the press release.
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06/11/2023 - Reminder and deadline extension - Join the EFRAG Financial Reporting TEG for the 2024 rotation
EFRAG is calling for candidates for its Financial Reporting Technical Expert Group (EFRAG FR TEG) and is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG in particular seeks candidates with general preparer, user and academic backgrounds.
Applications are welcome by 20 November 2023 and should be sent to nominations@efrag.org. -
06/11/2023 - EFRAG Update October 2023
The October 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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03/11/2023 - EFRAG Draft Comment Letter on the IASB's Exposure Draft Annual Improvements - Volume 11
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft IASB/AI/ED/2023/1 Annual Improvements—Volume 11 ('the ED'). Comments can be submitted until 28 November 2023.
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02/11/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 08 November 2023
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02/11/2023 - EFRAG FR TEG Meeting 2 November 2023 from 15:00 to 16:00
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31/10/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 06 November 2023
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31/10/2023 - SAVE THE DATE - Roundtable on the Statement of Cash Flows – Is there a need for change ? – Users and Academics - 1 December 2023
EFRAG invites users and academics to a roundtable discussion on its proactive research project on the statement of cash flows. The targeted outreach event will focus on identifying the objectives/uses of and the issues with how the statements of cash flows are currently prepared.
This online event will take place on 1 December 2023, from 12.00 to 15.00 CET. Register here.
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30/10/2023 - SAVE THE DATE - Roundtables on the Statement of Cash Flows – Is there a need for change? – Corporates - 27 November 2023 or 4 December 2023
EFRAG invites preparers and auditors of corporates to a roundtable discussion on its proactive research project on the statement of cash flows. The targeted outreach event will focus on identifying the objectives/uses of the statement of cash flows and the issues concerning how the statements of cash flows are currently prepared under the requirements of IAS 7 Statement of Cash Flows.
These online events will take place online on 27 November 2023 from 09.30 to 12.00 CET and on 4 December 2023 from 09.30 to 12.00 CET.
Participants may choose their preferred date and time. The topics of discussions will be identical during both events.
Register here.
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30/10/2023 - EFRAG issues a Call for Candidates for the EFRAG Sustainability Reporting TEG
EFRAG is calling for candidates for the rotation of the EFRAG SR TEG.
EFRAG is looking for candidates with a wide range of expertise and specialisations in the ESG domains and in particular standards referenced in the CSRD, from a wide range of backgrounds, geographical origins (EEA nationality) and diversity.
Appointments will start on 1 May 2024 and will be for one or two years (i.e. expiring on 30 April 2025 or 30 April 2026).
Candidatures should be submitted by completing the online candidature form by 8 January 2024.
The complete call for candidates is accessible here.
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27/10/2023 - Publication of EFRAG's Final Comment Letter in response to the IASB Request For Information on the Post-Implementation Review of IFRS 15 Revenue from Contracts with Customers
EFRAG has published its Final Comment Letter in response to the IASB Request for Information for the Post-implementation Review of IFRS 15 Revenue from Contracts with Customers.
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27/10/2023 - SAVE THE DATE - Roundtable on the Statement of Cash Flows – Is there a need for change? – Financial Institutions – 17 November 2023
EFRAG invites financial institutions and auditors of financial institutions to a roundtable discussion on its proactive research project on the statement of cash flows. The targeted outreach event will focus on identifying the objectives/uses of and the issues with how the statements of cash flows are currently prepared, focusing more specifically on financial institutions.
This closed event will take place on 17 November, from 13.30 to 16.00 CET and will be held online. Register here.
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26/10/2023 - EFRAG FRB webcast meeting 7 November 2023
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25/10/2023 - Reminder - Join the EFRAG Financial Reporting TEG for the 2024 rotation
EFRAG is calling for candidates for its Financial Reporting Technical Expert Group (EFRAG FR TEG) and is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG in particular seeks candidates with general preparer, user and academic backgrounds.
Applications are welcome by 6 November 2023 and should be sent to nominations @ efrag.org. -
24/10/2023 - EFRAG FR TEG webcast meeting 30 October 2023
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24/10/2023 - EFRAG Administrative Board meeting 31 October 2023
EFRAG announces that it will hold a session of the EFRAG Administrative Board meeting on Tuesday 31 October 2023 in public to address due process matters. The session will be held from 17:30 hrs to 17:45 hrs (CET). To watch the webcast please register here
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24/10/2023 - Launch of the EFRAG ESRS Q&A Platform to support the implementation of ESRS
EFRAG announces the launch of its ESRS Q&A Platform to collect technical implementation questions from preparers and the wider public on ESRS.
Stakeholders can send questions through the online form here (PDF preview available here)
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23/10/2023 - EFRAG welcomes the final adoption of the ESRS by the European Institutions
With the end of the co-legislators' scrutiny period, the first set of twelve sector-agnostic ESRS providing for a proportionate but comprehensive reporting of environmental, social and governance matters is now integrated in the European legal framework. This is a further milestone in the implementation of a robust sustainability reporting framework in the European Union.
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20/10/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 26 October 2023
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18/10/2023 - EFRAG SRB physical meeting 24 October 2023
EFRAG announces that it will hold its EFRAG SRB physical meeting on Tuesday 24 October 2023. You can attend the meeting at the EFRAG offices or if you want to watch the webcast live or at a later stage please click here.
The agenda and public documents for the meeting will be gradually uploaded here. -
18/10/2023 - EFRAG SRB physical meeting 25 October 2023
EFRAG announces that it will hold its EFRAG SRB physical meeting on Wednesday 25 October 2023. You can attend the meeting at the EFRAG offices or if you want to watch the webcast live or at a later stage please click here.
The agenda and public documents for the meeting will be gradually uploaded here. -
18/10/2023 - EFRAG PTF-RNFRO report wins a prize at the ISAR Honours 2023
EFRAG is pleased to announce that the report "Towards Sustainable Businesses: Good Practices in Business Model, Risks and Opportunities Reporting in the EU " developed by the PTF-RNFRO, co-chaired by Dawn Slevin and Mario Abela, was selected for this year's session of ISAR Honours.
Watch Dawn Slevin's message delivered at this occasion here.
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10/10/2023 - EFRAG’s survey - Business Combinations – Disclosures, Goodwill and Impairment: Disclosures
EFRAG is launching a survey to seek preparers’ views on the IASB’s tentative decisions on its project Business Combinations - Disclosure, Goodwill and Impairment regarding the disclosure requirements for business combinations.
You can submit your answers by using the link to the survey before 30 November 2023. You can have an overview of the survey in PDF here.
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10/10/2023 - EFRAG SR TEG physical meeting 18 October 2023
EFRAG announces that it will hold its EFRAG SR TEG physical meeting on Wednesday 18 October 2023. You can attend the meeting at the EFRAG offices or if you want to watch the webcast live or at a later stage please click here.
The agenda and public documents for the meeting will be gradually uploaded here. -
10/10/2023 - EFRAG SR TEG physical meeting 17 October 2023
EFRAG announces that it will hold its EFRAG SR TEG physical meeting on Tuesday 17 October 2023. You can attend the meeting at the EFRAG offices or if you want to watch the webcast live or at a later stage please click here.The agenda and public documents for the meeting will be gradually uploaded here. -
06/10/2023 - EFRAG announces new appointments
EFRAG welcomes:
- Signe Lysgaard: appointed as EFRAG SR TEG member (Danish, social, NGO)
- Simone Scettri: appointed as EFRAG FRB member (OIC, Italy)
- Sebastien Godinot: appointed as EFRAG Administrative Board member (Civil Society Organisations, French, NGO)
- Robert Ophèle: appointed as EFRAG Administrative Board member (ANC, France)
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04/10/2023 - EFRAG's Endorsement Advice on Supplier Finance Arrangements - Amendments to IAS 7 and IFRS 7
EFRAG has completed its due process regarding Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7) and has submitted its Endorsement Advice Letter to the European Commission.
The Endorsement Advice Letter to the European Commission can be found here.
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04/10/2023 - EFRAG Sustainability Reporting Board meeting 11 October 2023
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04/10/2023 - EFRAG FR TEG webcast meeting 24 October 2023
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04/10/2023 - EFRAG FR TEG Physical Meeting 19 October 2023
EFRAG announces that it will hold its EFRAG FR TEG physical meeting on Thursday 19 October 2023. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please register here.
The agenda and public documents for the meeting can be found here -
04/10/2023 - EFRAG FR TEG & EFRAG SR TEG physical meeting 18 October 2023
EFRAG announces that it will hold its EFRAG FR TEG & EFRAG SR TEG joint physical meeting on Wednesday 18 October 2023. To attend the meeting in person at the EFRAG Offices, or watch the live webcast or the on-demand recording at a later stage, please click here
The agenda and public documents for the meeting can be found here -
04/10/2023 - EFRAG Update September 2023
The September 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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29/09/2023 - EFRAG extends the period to answer the call for tenders to assist EFRAG in identifying uses of and issues with the statement of cash flows
EFRAG announces that submission deadline for the call for tenders to assist EFRAG in identifying uses and issues with the statement of cash flows is extended for one week. Tenders can now be submitted by Friday 13 October 2023, 18:00 Brussels time to: call.for.tender@efrag.org.
Access the components of this call for tenders: -
28/09/2023 - EFRAG announces its annual Conference 2023 "European corporate reporting - two pillars for success" on 28 November 2023
EFRAG will hold its annual Conference 2023 "European corporate reporting: two pillars for success" in cooperation with the European Commission and with in-person participation of Commissioner Mairead McGuinness on 28 November 2023 in Brussels.
High-level speakers and panelists will share their views on accomplishments and challenges ahead in the field of sustainability reporting, debate the new developments in financial reporting and address the latest trends to connect both areas in the fast-evolving environment of corporate reporting.
Register here to participate in-person or virtually.
Download the Save the date.
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28/09/2023 - GERMAN SPEAKING ONLINE OUTREACH EVENT ON THE IASB’S POST-IMPLEMENTATION REVIEW OF IFRS 15 - 9 OCTOBER 2023 - EFRAG JOINS THE ASCG, AFRAC AND FER
On 9 October 2023, the Accounting Standards Committee of Germany (ASCG), together with the standard setters from Austria (AFRAC) and Switzerland (FER), EFRAG and the IASB will discuss the preliminary views regarding the application of IFRS 15.
If you want to participate, please contact bahrmann@drsc.de. The discussion will be held in German. -
28/09/2023 - EFRAG seek comments on its Draft Endorsement Advice on Lack of Echangeability (Amendments to IAS 21)
EFRAG is consulting on its assessment of Amendments to IAS 21 The Effects of Changes in Foreign Exchange RatesLack of Echangeability against the technical criteria for endorsement in the EU and on its assessment of whether the Amendments are conducive to the European public good. Comments are requested by 7 December 2023 by completing the form available here. EFRAG's draft endorsement advice letter is available here.
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27/09/2023 - EFRAG Final Comment Letter in response to the IASB Request for Information on the Post-Implementation Review of IFRS 9 Financial Instruments - Impairment
EFRAG has published its Final Comment Letter (‘FCL’) in response to the IASB's Request for Information as a part of the Post-implementation Review (‘PIR’) of the impairment requirements in IFRS 9 Financial Instruments.
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27/09/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 02 October 2023
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27/09/2023 - Summary report - EFRAG symposium at the 2023 EAA Annual Congress 'Multi-stakeholder perspectives on connectivity'
EFRAG has issued as summary report of its symposium at the 2023 EAA Annual Congress on connectivity between financial reporting and sustainability reporting held on 26 May 2023 in Finland.
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26/09/2023 - New IFASS meeting on 26 - 27 September 2023
The International Forum of Accounting Standard Setters (IFASS) meet today 26 and tomorrow 27 September 2023 in London, UK to discuss topics related to financial and sustainability reporting.
The meeting will be chaired by Chiara Del Prete, IFASS and EFRAG SR TEG Chairwoman.
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26/09/2023 - EFRAG FRB Webcast Meeting 3 October 2023
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25/09/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 29 September 2023
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21/09/2023 - Open call for tenders to assist EFRAG in developing a cost benefit analysis for LSME and VSME
EFRAG releases today its open call for tenders to assist in developing a cost benefit analysis for:- the Draft European Sustainability Reporting Standard for Listed SMEs, small non-complex credit institutions and captive insurance/re-insurances (LSME); and
- the voluntary reporting standard for non-listed SMEs (VSME)
Responses should be sent to call.for.tender@EFRAG.ORG no later than Friday 20 October 2023 COB. -
20/09/2023 - EFRAG congratulates the Taskforce on Nature-related Financial Disclosures (TNFD) for its Recommendations for Nature-Related Risk Management and Disclosure
EFRAG congratulates the Taskforce on Nature-related Financial Disclosures for the release of the Recommendations for Nature-Related Risk Management and Disclosure, launched on 18 September during the New York Climate Week 2023.
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18/09/2023 - Join EFRAG’S sector-specific communities supporting the development of draft sector-specific ESRS
EFRAG is reactivating the sector-specific communities created in 2022 and invite newcomers with an interest in participating in the development of draft sector-specific ESRS to join as well.
EFRAG will be organising workshops for the sector-specific communities in the course of autumn 2023.
Fill in this form if you want to join the EFRAG Sector Community.
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15/09/2023 - Passing of Jean-Paul Gauzès, former EFRAG Board President
It is with great sadness we received news of the death of Jean-Paul Gauzès, who was the EFRAG Board President for two consecutive terms from 2016 to 2022. After a career as an MEP, Jean-Paul joined EFRAG as Board President. He will be remembered for initiating the governance reform that created a new sustainability reporting pillar ensuring European Sustainability Reporting Standards are being developed using an inclusive and rigorous process. Simultaneously, he also ensured that EFRAG continued to provide the highest quality work in its financial reporting mandate.
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15/09/2023 - EFRAG Sustainability Reporting Board meeting 22 September 2023
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14/09/2023 - EFRAG publishes its Briefing Summary on Climate-related Risks in the Financial Statements
EFRAG has issued a Briefing Summary on the IASB's project on Climate-related Risks in the Financial Statements.
The Briefing Summary highlights key findings from EFRAG’s outreach and other reviews of European companies’ related reporting.
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14/09/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 20 September 2023
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14/09/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 18 September 2023
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12/09/2023 - EFRAG FR TEG webcast meeting 21 September 2023
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12/09/2023 - EFRAG FR TEG webcast meeting 25 September 2023
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08/09/2023 - Open call for tenders to assist EFRAG in identifying uses of and issues with the statement of cash flows
Today, EFRAG has issued an open call for tenders to assist EFRAG in identifying uses and issues with the statement of cash flows. Tenders must be submitted by Friday 29 September 2023, 18:00 Brussels time to: call.for.tender @ efrag.org.
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07/09/2023 - EFRAG publishes its final comment letters on the ISSB consultations on Agenda priorities and SASB methodology
EFRAG has published its final comment letters on the ISSB RFI Consultation on Agenda Priorities and the SASB Internationalisation ED.
The comment letters can be consulted here:
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07/09/2023 - EFRAG Sustainability Reporting Board meeting 13 September 2023
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07/09/2023 - Join the EFRAG Financial Reporting TEG for the 2024 rotation
EFRAG is calling for candidates for its Financial Reporting Technical Expert Group (EFRAG FR TEG) and is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG in particular seeks candidates with general preparer, user and academic backgrounds.
Applications are welcome by 6 November 2023.
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06/09/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 12 September 2023
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05/09/2023 - EFRAG Update August 2023
The August 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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04/09/2023 - EFRAG-GRI Joint statement of interoperability
EFRAG and GRI are pleased to confirm that they have achieved a high level of interoperability between their respective standards in relation to impact reporting.
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01/09/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 05 September 2023
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29/08/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 04 September 2023
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29/08/2023 - REMINDER - EFRAG welcomes applications for its sustainability reporting financial institutions advisory panels until 15 september 2023
Experts with strong technical expertise, including implementation work, on European Sustainability Reporting Standards and Sustainability Reporting challenges within the banking, capital markets and insurance sectors have until 15 September to send their application to join EFRAG’s SR FI Advisory Panels. Read the complete call for candidates and apply now.
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28/08/2023 - EFRAG Endorsement Status Report - Update
The ARC vote by written procedure on amendments to IAS 1 Classification of Liabilities as Current or Non-current and other amendments is now reflected in the EFRAG Endorsement Status Report.
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21/08/2023 - EFRAG HOLDS ITS SECOND WORKSHOP FOR A DRAFT VOLUNTARY STANDARD FOR NON-LISTED SMES
EFRAG announces that the second workshop with the EFRAG non-listed SMEs (VSME) community will take place on 7 September 2023 from 13.30 to 16.30 CET in a private workshop.
External participants that are not members of the EFRAG VSME community can join the public session of the meeting from 16:40 to 17:30 CET. -
21/08/2023 - EFRAG FR TEG webcast meeting 15 September 2023
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21/08/2023 - EFRAG FR TEG-CFSS webcast meeting 14 September 2023
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17/08/2023 - EFRAG Endorsement Status Report - Update
The Endorsement Status Report now reflects the publication of Lack of Exchangeability (amendments to IAS 21) by the IASB on 15 August 2023.
Read the report here.
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07/08/2023 - EFRAG SR TEG meeting on 21 August 2023 with a joint session with EFRAG FR TEG
EFRAG announces that it will hold its SR TEG webcast meeting on Monday 21 August 2023 to recommend to the SRB a response to the ISSB's agenda consultation for approval. Please note that it will include a joint session with the FR TEG. To watch the webcast live or at a later stage please click here.
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02/08/2023 - EFRAG seeks users’ input on the effects of the implementation of IFRS 15 Revenue from Contracts with Customers
As part of its outreach on the Post-implementation Review of IFRS 15 Revenue from Contracts with Customers, EFRAG invites users of financial statements to participate in interviews on the effects of the implementation of IFRS 15, which are to be conducted until early October 2023.
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31/07/2023 - EFRAG welcomes the adoption of the Delegated Act on the first set of European Sustainability Reporting Standards (ESRS) by the European Commission
EFRAG welcomes the adoption of the Delegated Act on the first set of European Sustainability Reporting Standards (ESRS) by the European Commission (press announcement, Q&As webpage & implementing and delegated acts – CSRD webpage) on 31 July 2023 and expresses its gratitude to all of those that contributed to this milestone. EFRAG is committed to the success of ESRS and is working toward the next steps: implementation guidance, ESRS for SMEs and sectors.
Read the press release here.
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31/07/2023 - Sébastien Harushimana appointed as EFRAG FR TEG Chair
The EFRAG Administrative Board has appointed Sébastien Harushimana as the new EFRAG Financial Reporting Technical Expert Group (EFRAG FR TEG) Chair for an initial three-year term with effect from 1 September 2023.
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31/07/2023 - EFRAG Update July 2023
The July 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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28/07/2023 - EFRAG Sustainability Reporting Board meeting 23 August 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 23 August 2023. To watch the webcast live or at a later stage please click here.
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28/07/2023 - EFRAG’s Annual Report 2022 is now available
EFRAG releases today its Annual Report 2022 providing insights on the main achievements of the organisation in the past year and the important developments that took place for both the Financial and Sustainability Reporting fields in the first half of 2023.
Download the report here. -
27/07/2023 - EFRAG Endorsement Status Report - Update
The ARC vote by written procedure on Amendments to IAS 12 - International Tax Reform - Pillar Two Model Rules and Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) is now reflected in the EFRAG Endorsement Status Report.
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24/07/2023 - EFRAG Draft Comment Letter in response to the IASB Request For Information on the Post-implementation Review of IFRS 15 Revenue from Contracts with Customers
EFRAG has published its Draft Comment Letter in response to the IASB's Request for Information for the Post-implementation Review of IFRS 15 Revenue from Contracts with Customers and seeks constituents’ comments by 11 October 2023.
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24/07/2023 - Comment on EFRAG’s Discussion Paper - Accounting for Variable Consideration – From a purchaser’s perspective
To stimulate the debate and enable responses to EFRAG’s Discussion Paper Accounting for Variable Consideration – From a purchaser’s perspective, EFRAG has made it possible to provide comments through an electronic survey. Comments to the Discussion Paper are requested by 30 November 2023.
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19/07/2023 - EFRAG’s Final Comment Letter on the IASB’s ED Amendments to the Classification and Measurement of Financial Instruments
EFRAG has published its Final Comment Letter in response to the IASB's Exposure Draft 2023/2 Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7) (‘the ED’).
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18/07/2023 - EFRAG Draft Comment Letter in response to the IASB Request for Information on the Post-Implementation Review of IFRS 9 Financial Instruments - Impairment
EFRAG has published its Draft Comment Letter (DCL) in response to the IASB's Request for Information as a part of the Post-implementation Review (‘PIR’) of the impairment requirements in IFRS 9 Financial Instruments and seeks constituents' views on how the requirements are working in practice.
Comments on the Draft Comment Letter are requested by 13 September 2023.
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18/07/2023 - EFRAG seek comments on its Draft Endorsement Advice on Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)
EFRAG is consulting on its assessment of Supplier Finance Arrangements (‘SFAs’) (Amendments to IAS 7 and IFRS 7) (‘the Amendments’) against the technical criteria for endorsement in the EU and on its assessment of whether the Amendments are conducive to the European public good. Comments are requested by 11 September 2023.
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14/07/2023 - EFRAG SRB & EFRAG FRB joint meeting 28 August 2023
EFRAG announces that it will hold its EFRAG SRB & EFRAG FRB joint webcast meeting on Monday 28 August 2023. To watch the webcast live or at a later stage please click here.
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12/07/2023 - EFRAG extends the deadline to respond to its call for candidates for its Sustainability Reporting Financial Institutions Advisory Panels to 15 September 2023
EFRAG published a call for candidates for its SR FI Advisory Panels (for banking, capital markets and insurance) on 19 June 2023. To allow more time for stakeholders to state their interest the deadline has been extended to 15 September 2023 (previously 31 July 2023).
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11/07/2023 - EFRAG Sustainability Reporting Board meeting 12 July 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 12 July 2023. To watch the webcast live or at a later stage please click here.
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11/07/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 13 July 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 13 July 2023. To watch the webcast live or at a later stage please click here.
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10/07/2023 - Commissioner McGuinness addresses the EFRAG SRB in a special public meeting
In the 6 July 2023 public meeting of the EFRAG SRB, Commissioner Mairead McGuinness delivered key messages on the progress and the priority steps to be followed by the EFRAG Sustainability Reporting Pillar. In an exchange, the EFRAG SRB members reflected on the Commissioner's messages and expressed their views on the process.
The recording of the session is available here.
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07/07/2023 - EFRAG FR TEG webcast meeting 17 July 2023
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Monday 17 July 2023. To watch the webcast please register here.
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06/07/2023 - EFRAG FRB Webcast Meeting 13 July 2023
EFRAG announces that it will hold its EFRAG FRB webcast meeting on Thursday 13 July 2023. To watch the webcast live or at a later stage please click here.
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06/07/2023 - EFRAG Update June 2023
The June 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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30/06/2023 - Join EFRAG as Senior Technical Manager - Financial Instruments Specialist
EFRAG, Europe’s leading voice in influencing the development of IFRS and a key actor within the corporate reporting landscape, is currently recruiting a Senior Technical Manager - Financial Instruments Specialist, for its financial reporting pillar.
Read the complete job description and submit your application at Rh @ efrag.org.
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30/06/2023 - Join EFRAG as Senior Technical Manager – Expand your IFRS expertise
EFRAG, Europe’s leading voice in influencing IFRS development and a key actor within the corporate reporting landscape is currently recruiting a Senior Technical Manager, for its financial reporting pillar.
Read the complete job description and submit your application at Rh @ efrag.org.
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27/06/2023 - Commissioner McGuinness to address the EFRAG SRB on draft delegated act first set of ESRS and EFRAG’s work on 6 July 2023
Commissioner McGuinness will address the EFRAG Sustainability Reporting Board on 6 July from 14.30 to 15.30 on the draft delegated act for the first set of ESRS and the EFRAG sustainability reporting work.
To listen to the online meeting, register here.
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27/06/2023 - EFRAG welcomes the ISSB standards
EFRAG welcomes the publication of IFRS S1 and S2. The finalisation is a major step forward towards a global baseline.
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23/06/2023 - EFRAG FRB webcast meeting 18 July 2023
EFRAG announces that it will hold its EFRAG FRB webcast meeting on Tuesday 18 July 2023. To watch the webcast please register here.
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23/06/2023 - EFRAG FR TEG webcast meeting 12 July 2023
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Wednesday 12 July 2023. To watch the webcast please register here.
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23/06/2023 - Report with key messages from the April 2023 IFASS meeting available
A report with the key messages and points of discussion from the financial and sustainability reporting topics covered at the April 2023 IFASS (International Forum of Accounting Standard Setters) meeting has been issued.
Read the report here.
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22/06/2023 - REMINDER – please respond to the EFRAG draft comment letter on the IASB’s ED Amendments to the Classification and Measurement of Financial Instruments by 30 June
Constituents have untill 30 June 2023 to respond to the EFRAG Draft Comment Letter ('the DCL’) on the IASB's Exposure Draft 2023/2 Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7).
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22/06/2023 - EFRAG Sustainability Reporting Board meeting 28 June 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 28 June 2023. To watch the webcast live or at a later stage please click here.
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16/06/2023 - Launch of the EFRAG Connectivity Advisory Panel - Composition and related community
EFRAG FR TEG approved the composition of the EFRAG Connectivity Advisory Panel (EFRAG CAP) and welcomed the establishment of the EFRAG Connectivity Community.
EFRAG CAP will advise EFRAG FR TEG on the proactive research project on the connectivity between financial reporting and sustainability reporting information. -
15/06/2023 - EFRAG FR TEG Physical Meeting 5 July 2023
EFRAG announces that it will hold its EFRAG FR TEG physical meeting on Wednesday 5 July 2023. You can attend the meeting in person at the EFRAG offices, or watch the live webcast or the on-demand recording at a later stage please click here
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15/06/2023 - EFRAG FR TEG - CFSS Physical Meeting 4 July 2023
EFRAG announces that it will hold its EFRAG FR TEG - CFSS physical meeting on Tuesday 4 July 2023. You can attend the meeting in person at the EFRAG Offices, or to watch the live webcast or to watch the on-demand recording at a later stage, please click here
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13/06/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 19 June 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 19 June. To watch the webcast live or at a later stage please click here.
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13/06/2023 - Programme and speakers of the EFRAG and ISSB joint outreach event on 15 June
On 15 June 2023 from 13:30 to 15:30 CET, EFRAG & ISSB will host a joint outreach event on ISSB’s Request for Information (RFI) on its Agenda consultation and International Applicability of SASB Standards.
This will be a hybrid event, taking place in EFRAG offices in Brussels and online. You can still register to attend.
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12/06/2023 - EFRAG welcomes next step towards the first set of ESRS
The European Commission launched on 9 June 2023 the 4-week period of public feedback on the draft Delegated Act for the first set of European Sustainability Reporting Standards (ESRS).
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12/06/2023 - EFRAG Sustainability Reporting Board meeting 14 June 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 14 June 2023. The public session is dedicated to a presentation from the EC about the draft ESRS delegated act issued on 09 June 2023. To watch the webcast live or at a later stage please click here.
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09/06/2023 - EFRAG FRB Webcast Meeting 20 June 2023
EFRAG announces that it will hold its EFRAG FRB webcast meeting on Tuesday 20 June 2023. To watch the webcast live or at a later stage please click here.
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09/06/2023 - EFRAG HOLDS ITS SECOND WORKSHOP FOR THE DRAFT LISTED SMES SUSTAINABILITY REPORTING STANDARDS
EFRAG announces that the second workshop with the EFRAG listed SMEs (LSME) community will take place on 26 June 2023 in a closed session. External participants that are not members of the EFRAG LSME community can join the public session of the meeting from 16:40 to 17:30 CET.
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05/06/2023 - EFRAG Update May 2023
The May 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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02/06/2023 - EFRAG endorsement advice on amendments to IAS 12 and feedback statement on EFRAG draft comment letter
EFRAG has completed its due process regarding Amendments to IAS 12 - International Tax Reform—Pillar Two Model Rules and has submitted its Endorsement Advice Letter to the European Commission.
EFRAG has also published its Feedback Statement related to its final comment letter on the proposed amendments to IAS 12.
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02/06/2023 - EFRAG's draft comment letter (DCL) on ISSB ED on SASB internationalisation and Taxonomy updates
EFRAG is consulting and asks for comments by 10 July 2023 on its draft comment letter in response to the ISSB ED on Internationalisation of SASB Standards and SASB Standards Taxonomy updates.
Stakeholders can provide inputs to EFRAG's preliminary answers by way of an online survey that can be accessed here. Alternatively, EFRAG accepts comment letters submitted by using the Express your views page on EFRAG's website.
Comments should be submitted by 10 July 2023.
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01/06/2023 - EFRAG seeks Financial Reporting Assistant Technical Managers
EFRAG is recruiting Assistant Technical Managers for its Financial Reporting pillar. This is a unique opportunity for motivated, young accounting graduates with an interest in the development of IFRS Standards. Read the job description and how to apply here.
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30/05/2023 - EFRAG Endorsement Status Report - Update
The Endorsement Status Report now reflects the publication of Amendments to IAS 7 and IFRS 7 as well as to IAS 12.
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26/05/2023 - SUMMARY REPORT - EFRAG BusinessEurope outreach event - Variable consideration – Alternatives to address current accounting challenges
EFRAG has issued a summary report of the joint webinar on EFRAG’s Discussion Paper Accounting for Variable Consideration – From a purchaser’s perspective held on 16 February 2023.
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24/05/2023 - EFRAG seeks input from preparers on an academic survey on the effects of IFRS 15 Revenue from Contracts with Customers
EFRAG encourages preparers to provide input to an academic study on the effects of the adoptions of IFRS 15 Revenue from Contracts with Customers on management control systems. The study will be important for EFRAG's work related to the IASB's Post-implementation Review of IFRS 15. Interested stakeholders have until 1 September to share their views.
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24/05/2023 - SAVE THE DATE | 15 June 2023 – EFRAG & ISSB joint outreach event on ISSB Agenda consultation and International Applicability of SASB Standards
On 15 June 2023 from 13:30 to 15:30 CET, EFRAG & ISSB will host a joint outreach event on ISSB’s Request for Information (RFI) on its Agenda consultation and International Applicability of SASB Standards.
This will be a hybrid event, taking place in EFRAG offices in Brussels and online.
Download the "Save the date" and register here.
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24/05/2023 - EFRAG FR TEG webcast meeting 31 May 2023
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Wednesday 31 May 2023. To watch the webcast please register here.
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23/05/2023 - Join EFRAG’ symposium at the EAA 45th Annual Congress in Finland –26 May 2023
EFRAG is glad to hold a symposium on Connectivity between financial reporting and sustainability reporting at the European Accounting Association Annual Congress which will take place in Helsinki and Espoo, on 26 May, 2023. More information here.
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22/05/2023 - EFRAG FR TEG meeting 6 June 2023
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Tuesday 6 June 2023. To watch the webcast live or at a later stage please click here.
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17/05/2023 - EFRAG Sustainability Reporting Board meeting 24 May 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 24 May 2023. To watch the webcast live or at a later stage please click here. -
15/05/2023 - EFRAG SR TEG physical meeting 22 May 2023
EFRAG announces that it will hold its EFRAG SR TEG physical meeting on Monday 22 May 2023. You can attend the meeting at the EFRAG offices or if you want to watch on line live or at a later stage please click here.
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15/05/2023 - EFRAG SR TEG physical meeting 23 May 2023
EFRAG announces that it will hold its EFRAG SR TEG physical meeting on Tuesday 23 May 2023. You can attend the meeting at the EFRAG offices or if you want to watch on line live or at a later stage please click here.
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11/05/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 17 May 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Wednesday 17 May 2023. To watch the webcast live or at a later stage please click here.
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10/05/2023 - EFRAG, EFFAS and ICAS supported study on the production and consumption of information on intangibles
EFRAG has published the academic study The production and consumption of information on intangibles: An empirical investigation of preparers and users.
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05/05/2023 - EFRAG draft comment letter on the IASB’s ED Amendments to the Classification and Measurement of Financial Instruments – proposed amendments to IFRS 9 and IFRS 7
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft 2023/2 Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7) (‘the ED’). Comments can be submitted until 30 June 2023.
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03/05/2023 - EFRAG Update April 2023
The April 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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03/05/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 09 May 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Tuesday 09 May 2023. To watch the webcast live or at a later stage please click here.
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28/04/2023 - EFRAG Sustainability Reporting Board Physical meeting 04 May 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board physical meeting on Thursday 04 May 2023. To watch the webcast live or at a later stage please click here.
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27/04/2023 - EFRAG’s Recommendations and Feedback Statement on Better Information on Intangibles
EFRAG has issued its Recommendations and Feedback Statement summarising the main comments received by EFRAG on its Discussion Paper Better Information on Intangibles – Which is the best way to go?
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24/04/2023 - EFRAG requests comments on preparatory draft for the endorsement advice on amendments to IAS 12
EFRAG is consulting on its preparatory draft for its Endorsement Advice letter on International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12) 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 24 May 2023.
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20/04/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 24 April 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 24 April 2023. To watch the webcast live or at a later stage please click here.
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20/04/2023 - EFRAG Sustainability Reporting Board meeting 26 April 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 26 April 2023. To watch the webcast live or at a later stage please click here.
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20/04/2023 - EFRAG Administrative Board meeting 25 April 2023
EFRAG announces that it will hold a session of the EFRAG Administrative Board meeting on Tuesday 25 April 2023 in public to address due process matters. The session will be held from 17:50 hrs to 18:05 hrs (CET). To watch the webcast please register here.
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19/04/2023 - IFASS meeting in April 2023
The International Forum of Accounting Standard Setters (IFASS) will meet on 19-21 April 2023 at the FASB offices in Norwalk, USA to discuss topics related to financial and sustainability reporting.
The meeting will be chaired by Chiara Del Prete, IFASS & EFRAG SR TEG Chairwoman.
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18/04/2023 - EFRAG FR TEG Physical Meeting 11 May 2023
EFRAG announces that it will hold its EFRAG FR TEG physical meeting on Thursday 11 May 2023. To watch the webcast live or at a later stage please click here.
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18/04/2023 - EFRAG FR TEG and User Panel physical meeting 10 May 2023
EFRAG announces that it will hold its EFRAG FR TEG and User Panel physical meeting on Wednesday 10 May 2023. To watch the webcast live or at a later stage please click here.
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17/04/2023 - EFRAG Financial Reporting Board meeting 3 May 2023
EFRAG announces that it will hold its EFRAG Financial Reporting Board physical meeting on Wednesday 3 May 2023. To watch the webcast live or at a later stage please click here.
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17/04/2023 - EFRAG FRB and EFRAG SRB Joint meeting 3 May 2023
EFRAG announces that it will hold its EFRAG FRB and EFRAG SRB joint physical meeting on Wednesday 3 May 2023. To watch the webcast live or at a later stage please click here.
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14/04/2023 - EFRAG FR TEG webcast meeting 24 April 2023
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Monday 24 April 2023. To watch the live webcast please register here
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07/04/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 17 April 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 17 April 2023. To watch the webcast live or at a later stage please click here.
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06/04/2023 - Are you an environmental reporting specialist? Join EFRAG’s Sustainability Reporting Team
EFRAG is recruiting environmental reporting specialists to enhance EFRAG's sustainability reporting team. We are hiring for a permanent or seconded Brussels based function with proven environmental knowledge and expertise.
Send your application Saskia Slomp, EFRAG CEO, using Rh@efrag.org by 15 August 2023.
Read the complete job description here.
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06/04/2023 - EFRAG Sustainability Reporting Board meeting 12 April 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 12 April 2023. To watch the webcast live or at a later stage please click here.
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05/04/2023 - EFRAG's Endorsement Advice On Amendments to IAS 1
EFRAG has completed its due process regarding the Amendments to IAS 1 Presentation of Financial Statements (‘the Amendments’) and has submitted its Endorsement Advice Letter to the European Commission.
The Endorsement Advice Letter to the European Commission can be found here.
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05/04/2023 - EFRAG Update March 2023
The March 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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04/04/2023 - REMINDER - Apply for the EFRAG FR TEG Chair position by 10 April 2023
Experts in financial reporting have until 10 April 2023 to submit their application to the full-time function of EFRAG Financial Reporting TEG Chair. Read the call for candidates and submit your application at nominations @ efrag.org.
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04/04/2023 - REMINDER – Apply to the EFRAG Advisory Panel on Connectivity by 10 April
Candidates have until 10 April 2023 COB to submit their application to EFRAG’s new Advisory Panel on Connectivity between Financial and Sustainability Reporting Information (EFRAG CAP). To submit your application, please complete the online form here.
The objective of the EFRAG CAP is to advise the EFRAG Financial Reporting Technical Expert Group (EFRAG FR TEG) on EFRAG’s proactive research project on the connectivity between financial reporting and sustainability reporting information. EFRAG CAP members will share their perspectives and practical experience regarding connectivity matters, and help EFRAG identify, assess and prioritise connectivity themes, identify related good reporting practices and develop possible approaches to enhance connectivity.
The role, competencies, composition, and modus operandi of the EFRAG CAP are further described in the Terms of Reference.
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31/03/2023 - Representatives of EFRAG and the Japanese Accounting and Sustainability Boards Hold Meetings in Brussels
Representatives of EFRAG – Europe’s voice in Corporate Reporting and representatives of the Accounting Standards Board of Japan (ASBJ) and the Sustainability Standards Board of Japan (SSBJ) (hereinafter referred to as “the Japanese Boards”) held meetings on 30-31 March 2023 in Brussels, Belgium.
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31/03/2023 - EFRAG FR TEG webcast meeting 13 April 2023
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Thursday 13 April 2023. To watch the webcast or attend the public part of the meeting in the EFRAG offices, please register here
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30/03/2023 - EFRAG has aligned its Due Process Procedures for Sustainability Reporting with the final provisions of the CSRD
In its meeting on 16 March 2023, the EFRAG General Assembly approved drafting updates to EFRAG’s Due Process Procedures for Sustainability Reporting Standard Setting (DPP) to align them with the final provisions contained in the Corporate Sustainabilty Reporting Directive (CSRD) as published the EU Official Journal on 16 December 2022.
No major changes to the principles underpinning EFRAG’s due process were made, as the published CSRD essentially confirmed the extent of and conditions for EFRAG’s mission as technical advisors to the European Commission.
At the same meeting, the yearly report of the EFRAG Administrative Board on the oversight of the due process over the past period was presented to the EFRAG General Assembly.
The updated DPP can be accessed on EFRAG's public website here. The yearly report of the EFRAG Administrative Board report on the oversight of the due process can be accessed here.
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29/03/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 03 April 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 03 April 2023. To watch the webcast live or at a later stage please click here.
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29/03/2023 - European Commission calls on EFRAG to prioritise implementation support for the first Set of ESRS
Commissioner McGuinness has publicly called on EFRAG to prioritise its efforts on capacity building for the implementation of the first set of ESRS over the preparatory work for the draft sector-specific standards. This also avoids overlapping consultations and eases the burden on all stakeholders wanting to contribute to the sustainability agenda. EFRAG is adjusting its workplan to this new priority whilst carrying on under a modified timetable work on sector-specific standards and standards for SMEs. Under the CSRD, EFRAG is appointed technical adviser to the European Commission developing draft ESRS.
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28/03/2023 - Launch of the EFRAG ESRS Digital Reporting Consultative Forum - Composition and related community
EFRAG SR TEG approved the composition of the EFRAG ESRS Digital Reporting Consultative Forum (EFRAG ESRS DRCF) and welcomed the establishment of the EFRAG Digital Reporting Community. EFRAG ESRS DRCF will discuss digital reporting aspects of sustainability reporting, particularly, in regard to the ESRS XBRL taxonomy and advise the EFRAG SRB and EFRAG SR TEG.
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27/03/2023 - EFRAG Sustainability Reporting Board meeting 30 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Thursday 30 March 2023. EFRAG is pleased to announce that Yasunobu Kawanishi, Chair of the Sustainability Standards Board of Japan (SSBJ) and the Accounting Standards Board of Japan (ASBJ) will address the EFRAG SRB and present the sustainability reporting developments in Japan. To watch the webcast live or at a later stage please click here.
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24/03/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 27 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 27 March 2023. To watch the webcast live or at a later stage please click here.
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23/03/2023 - EFRAG FRB webcast meeting 30 March 2023
EFRAG announces that it will hold its EFRAG FRB webcast meeting on Thursday 30 March 2023. EFRAG is pleased to announce that Yasunobu Kawanishi, Chair of the Sustainability Standards Board of Japan (SSBJ) and the Accounting Standards Board of Japan (ASBJ) will address the EFRAG FRB report and present the financial reporting developments in Japan. To watch the webcast please register here
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21/03/2023 - Passing of Pedro Solbes - former EFRAG Supervisory Board Chairman
We are sad to learn the news of Pedro Solbes, Chairman of the EFRAG Supervisory Board from 2010 to 2012 who passed away on Saturday 18 March.
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21/03/2023 - EFRAG Sustainability Reporting Board meeting 22 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 22 March 2023. To watch the webcast live or at a later stage please click here.
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21/03/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 24 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Friday 24 March 2023. To watch the webcast live or at a later stage please click here.
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14/03/2023 - EFRAG Sustainability Reporting Board meeting 17 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Friday 17 March 2023. To watch the webcast live or at a later stage please click here.
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14/03/2023 - Apply now ! EFRAG seeks a future EFRAG FR TEG Chair
Interested candidates have until 10 April to apply for the full-time function of EFRAG Financial Reporting TEG Chair. The call for candidates provides a complete description of the position and the nomination process. Applications are to be sent to nominations @ efrag.org.
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14/03/2023 - EFRAG Sustainability Reporting Board meeting 16 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Thursday 16 March 2023. To watch the webcast live or at a later stage please click here.
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14/03/2023 - EFRAG’s Final Comment Letter on the IASB’s ED International Tax Reform – Pillar Two Model Rules
EFRAG has published its Final Comment Letter in response to the IASB's Exposure Draft 2023/1 International Tax Reform—Pillar Two Model Rules (Proposed Amendments to IAS 12) (the “ED”).
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13/03/2023 - The EFRAG SRB appoints Sigurt Vitols as EFRAG SR TEG Vice-Chair and Christoph Töpfer as EFRAG SR TEG member
The EFRAG SRB appointed Sigurt Vitols as EFRAG SR TEG Vice-Chair. Christoph Töpfer also becomes a new EFRAG SR TEG member, while Laurène Chenevat leaves the EFRAG SR TEG.
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10/03/2023 - EFRAG issues the set of Basis for conclusions for its first set of draft ESRS
EFRAG issues the set of Basis for conclusions to complement the first set of draft ESRS developed by the EFRAG SRB with the support of the EFRAG SR TEG. The first set of draft ESRS was submitted to the European Commission in November 2022. No comments are requested on the Basis for conclusions.
Each Basis for conclusions appear under the standard covers, click here to access them.
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09/03/2023 - EFRAG extends the deadline to respond to its Discussion Paper - Accounting for Variable Consideration - From a Purchaser's Perspective
EFRAG published its Discussion Paper on Accounting for Variable Consideration on 27 September 2022. To allow more time for interested stakeholders to provide their views, responses are now requested by 30 November 2023.
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09/03/2023 - Revised starting time: EFRAG Sustainability Reporting Technical Expert Group Meeting 13 March 2023
EFRAG announces that the starting time of its Sustainability Reporting Technical Expert Group webcast meeting on Monday 13 March 2023 has changed. To watch the webcast live or at a later stage please click here.
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09/03/2023 - Join the EFRAG Advisory Panel on Connectivity between Financial and Sustainability Reporting Information
EFRAG is seeking candidates to join its new Advisory Panel on Connectivity between Financial and Sustainability Reporting Information (EFRAG CAP).
Candidatures should be submitted by completing the online candidature form (click here) by close of business on Monday 10 April 2023.
The objective of the EFRAG CAP is to advise the EFRAG Financial Reporting Technical Expert Group (EFRAG FR TEG) on EFRAG’s proactive research project on the connectivity between financial reporting and sustainability reporting information. EFRAG CAP members will share their perspectives and practical experience regarding connectivity matters, and help EFRAG identify, assess and prioritise connectivity themes, identify related good reporting practices and develop possible approaches to enhance connectivity.
The role, competencies, composition, and modus operandi of the EFRAG CAP are further described in the Terms of Reference.
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09/03/2023 - EFRAG offers internship opportunities in its financial reporting and sustainability reporting activities
Eager to gain valuable work experience and be part of the ongoing transformation of corporate reporting? Then apply to be our new intern and unlock your career!
EFRAG offers internship opportunities in its financial reporting and sustainability reporting activities, with the possibility to also work on EFRAG’s research project on the connectivity between financial and sustainability reporting information. This opportunity is for a six-month (minimum period) internship with a renewable possibility and is based in EFRAG’s offices in Brussels.
Take a look at the job description here, we are recruiting on a continual basis!
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08/03/2023 - Revised Agenda; EFRAG FR TEG webcast meeting only 16 March 2023
EFRAG announces that according to its revised agenda, the EFRAG FR TEG webcast meeting will be held only on Thursday 16 March 2023. To watch the live webcast please register here.
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07/03/2023 - EFRAG Sustainability Reporting Board meeting 14 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Tuesday 14 March 2023. To watch the webcast live or at a later stage please click here.
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07/03/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 13 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 13 March 2023. To watch the webcast live or at a later stage please click here.
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07/03/2023 - EFRAG Sustainability Reporting Board meeting 10 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Friday 10 March 2023. To watch the webcast live or at a later stage please click here.
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03/03/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 06 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group hybrid meeting on Monday 06 March 2023. You can attend the meeting at the EFRAG offices or if you want to watch on line live or at a later stage please click here.
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03/03/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 07 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group hybrid meeting on Tuesday 07 March 2023. You can attend the meeting at the EFRAG offices or if you want to watch on line live or at a later stage please click here.
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03/03/2023 - EFRAG releases a series of educational videos on the first set of draft ESRS
EFRAG is happy to present a series of educational videos dedicated to the First set of draft ESRS, which were released to the European Commission in November 2022. This series is composed of 20 videos:
- the "Glimpses" will give you an overview of the standards and
- the "Educational sessions" will cover the draft standards in more details.
Whether you want a brief introduction to the draft standards or a longer explanation, take a dive into this first set of draft ESRS accompanied by our experts!
Click here to watch the videos.
- the "Glimpses" will give you an overview of the standards and
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03/03/2023 - EFRAG Update February 2023
The February 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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02/03/2023 - EFRAG USER UPDATE MARCH 2023
Read now the latest EFRAG User Update and find out more about EFRAG’s projects relevant to users of financial and sustainability statements.
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02/03/2023 - EFRAG Sustainability Reporting Board meeting 08 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 08 March 2023. To watch the webcast live or at a later stage please click here.
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01/03/2023 - EFRAG FRB & EFRAG FR TEG Joint meeting 10 March 2023
EFRAG announces that it will hold its EFRAG Joint FRB & EFRAG FR TEG webcast meeting on Friday 10 March 2023. To watch the webcast live or at a later stage please click here
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28/02/2023 - Report with key messages from the January 2023 IFASS meeting available
A report with the key messages and points of discussion from the topics covered at the January 2023 IFASS (International Forum of Accounting Standard Setters) meeting has been issued.
Read the report here.
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27/02/2023 - EFRAG FR TEG-CFSS webcast meeting 15 March 2023
EFRAG announces that it will hold its EFRAG FR TEG-CFSS webcast meeting on Wednesday 15 February 2023. To watch the webcast please register here
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27/02/2023 - EFRAG FR TEG webcast meeting 15 - 16 March 2023
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27/02/2023 - EFRAG FRB webcast meeting 24 April 2023
EFRAG announces that it will hold its EFRAG FRB webcast meeting on Monday 24 April 2023. To watch the webcast please register here
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24/02/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 02 March 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 02 March 2023. To watch the webcast live or at a later stage please click here.
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24/02/2023 - EFRAG Financial Reporting TEG: new composition
EFRAG Financial Reporting Technical Expert Group (EFRAG FR TEG) members have been renewed for a further mandate starting on 1 April 2023. EFRAG also welcomes Jens Berger as EFRAG FR TEG Acting Chair. The Chair position is currently open and interested candidates may submit their application by 10 April 2023.
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21/02/2023 - EFRAG Sustainability Reporting Board meeting 27 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Monday 27 February 2023. To watch the webcast live or at a later stage please click here
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21/02/2023 - EFRAG Administrative Board meeting 27 February 2023
EFRAG announces that it will hold a session of the EFRAG Administrative Board meeting on Monday 27 February 2023 in public to address due process oversight and procedures matters. The session will be held from 10:45 hrs to 11:15 hrs (CET). To watch the webcast please register here.
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21/02/2023 - REMINDER | EFRAG Draft Comment Letter on the IASB’s ED International Tax Reform – Pillar Two Model Rules - Deadline 27 February 2023
EFRAG asks constituents to provide their views on the EFRAG draft comment letter in response to the IASB's Exposure Draft 2023/1 International Tax Reform—Pillar Two Model Rules (Proposed Amendments to IAS 12) (the “ED”).
Comments are welcome by 27 February 2023.
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20/02/2023 - EFRAG Sustainability Reporting Board meeting 24 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Friday 24 February 2023. To watch the webcast live or at a later stage please click here
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17/02/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 23 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 23 February 2023. To watch the webcast live or at a later stage please click here
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16/02/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 21 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Tuesday 21 February 2023. To watch the webcast live or at a later stage please click here.
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16/02/2023 - EFRAG Sustainability Reporting Board meeting 22 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 22 February 2023. To watch the webcast live or at a later stage please click here
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15/02/2023 - EFRAG releases its summary report on the conference "Where is Corporate Reporting heading?"
EFRAG is pleased to publish its summary report on the conference "Where is Corporate Reporting heading?" that took place on 7 December 2022, in Brussels. At the event, key corporate reporting stakeholders discussed the new trends in the Environmental, Social, and Governance (ESG) revolution and the growing emphasis on the connectivity between sustainability and financial reporting. Read the report here.
Also, relive the great moments of the conference by watching the recordings and the pictures here:
- Recording Part 1 - Keynote speeches, Panel 1 Sustainability reporting: a new area & Panel 2 Looking back and forward at EFRAG
- Recording Part 2 - Keynote speeches, Panel 3 Financial reporting and connectivity
- Pictures
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14/02/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 17 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Friday 17 February 2023. To watch the webcast live or at a later stage please click here.
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10/02/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 15 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Wednesday 15 February 2023. To watch the webcast live or at a later stage please click here
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10/02/2023 - EFRAG Sustainability Reporting Board Meeting 13 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Monday 13 February 2023. To watch the webcast live or at a later stage please click here
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10/02/2023 - EFRAG PODCAST - Accounting for variable consideration – from a purchaser perspective
Become familiar with EFRAG’s Discussion Paper: Accounting for variable consideration – from a purchaser’s perspective in 7 minutes.
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06/02/2023 - EFRAG Sustainability Reporting Board meeting 07 February 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Tuesday 07 February 2023. To watch the webcast live or at a later stage please click here.
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03/02/2023 - CALL FOR CANDIDATES - EFRAG seeks a future EFRAG FR TEG Chair
EFRAG calls for candidates for the full-time function of EFRAG Financial Reporting TEG Chair. Interested candidates may read the complete call and submit their application by 10 April at nominations @ efrag.org.
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02/02/2023 - Chiara Del Prete appointed EFRAG SR TEG Chair
On 1 February 2023, the EFRAG Administrative Board appointed Chiara Del Prete as EFRAG SR TEG Chair for a term of three years effective from yesterday. Chiara is a member of the EFRAG management team since April 2019, as EFRAG FR TEG Chair and, since May 2022 she has, in addition, been serving as EFRAG SR TEG Acting Chair. She will now fully devote herself to the Chair role of the EFRAG SR TEG.
EFRAG will soon issue a call for candidates for the new EFRAG FR TEG Chair.
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02/02/2023 - EFRAG Update January 2023
The January 2023 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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31/01/2023 - EFRAG'S Endorsement Advice on Amendments to IFRS 16
EFRAG has completed its due process regarding Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) and has submitted its Endorsement Advice Letter to the European Commission.
The Endorsement Advice Letter to the European Commission can be found here.
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31/01/2023 - Joint EFRAG FRB and EFRAG FR TEG physical meeting on 8 February 2023
EFRAG announces that it will hold its joint EFRAG FRB & EFRAG FR TEG physical meeting on Wednesday 8 February 2023. To watch the webcast or attend the public part of the meeting in the EFRAG offices, please register here
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31/01/2023 - EFRAG FR TEG physical meeting 9 February 2023
EFRAG announces that it will hold its EFRAG FR TEG physical meeting on Thursday 9 February 2023. To watch the webcast or attend the public part of the meeting in the EFRAG offices, please register here
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30/01/2023 - PROGRAMME | EFRAG BusinessEurope online outreach event | Variable consideration – alternatives to address current accounting challenges
The programme for the EFRAG and BusinessEurope event: Variable consideration – alternatives to address current accounting challenges has been published. Register now for the event which takes place on 16 February 2023 at 13:00 – 16:00 CET.
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30/01/2023 - EFRAG Draft Comment Letter on the IASB’s ED/2023/1 International Tax Reform – Pillar Two Model Rules
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft 2023/1 International Tax Reform - Pillar Two Model Rules (Proposed Amendments to IAS 12) (the “ED”). Comments can be submitted until 27 February 2023.
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27/01/2023 - EFRAG holds its first workshop for a future draft Voluntary Standard for non-listed SMEs
EFRAG announces that the first workshop with the EFRAG non-listed SMEs (VSME) community will take place on 31 January 2023 in a closed session.
External participants that are not members of the EFRAG VSME community can join the public session of the meeting from 12:50 to 13:30 CET.
Register here for the public session and hear the summary of the discussions.
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27/01/2023 - Academic study - The Theory and Practice of Discounting in Financial Reporting under IFRS
EFRAG and ICAS has published a co-sponsored academic study on the theory and practice of discounting. The study is available here. Comments are requested by 31 March 2023.
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27/01/2023 - EFRAG Sustainability Reporting Technical Expert Group Meeting 30 January 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 30 January 2023. To watch the webcast live or at a later stage please click here.
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27/01/2023 - EFRAG Administrative Board meeting 1 February 2023
EFRAG announces that it will hold a session of the EFRAG Administrative Board meeting on Wednesday 1 February 2023 in public to address due process matters. The session will be held from 09:30 hrs to 10:00 hrs (CET). To watch the webcast please register here -
27/01/2023 - Academic Study - Do companies disclose relevant information about intangibles? – Insights from business model reporting and risk reporting
EFRAG and ICAS have published a co-sponsored study examining information about intellectual capital elements when an entity is describing its business model and its risks. The study is available here.
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26/01/2023 - EFRAG Sustainability Reporting Technical Expert Group meeting 02 February
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 02 February 2023. To watch the webcast live or at a later stage please click here.
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26/01/2023 - EFRAG holds its first workshop for the draft listed SMEs sustainability reporting standards
EFRAG announces that the first workshop with the EFRAG listed SMEs (LSME) community will take place on 27 January 2023 in a closed session. External participants that are not members of the EFRAG LSME community can join the public session of the meeting from 12:50 to 13:30 CET.
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25/01/2023 - EFRAG Sustainability Reporting Technical Expert Group
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 03 February 2023. To watch the webcast live or at a later stage please click here.
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24/01/2023 - EFRAG FR TEG-CFSS webcast meeting 6 February 2023
EFRAG announces that it will hold its EFRAG FR TEG-CFSS webcast meeting on Monday 6 February 2023. To watch the webcast please register here
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24/01/2023 - Technical staff sought- Join EFRAG and be at the forefront of shaping financial reporting developments!
EFRAG, Europe’s leading voice in influencing IFRS development and a key actor within the corporate reporting landscape is currently recruiting full-time technical staff (with different levels of experience) for its financial reporting pillar. Read the complete job description and application requirements and submit your application at Rh@efrag.org.
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23/01/2023 - EFRAG Financial Reporting Board meeting 27 January 2023
EFRAG announces that it will hold its EFRAG Financial Reporting Board webcast meeting on Friday 27 January 2023. To watch the webcast live or at a later stage please click here
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23/01/2023 - EFRAG Sustainability Reporting Technical Expert Group meeting 25 January
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Wednesday 25 January 2023. To watch the webcast live or at a later stage please click here.
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19/01/2023 - EFRAG BusinessEurope - joint online outreach event - Variable consideration – Alternatives to address current accounting challenges
EFRAG and BusinessEurope invite interested stakeholders to a joint online outreach event on Thursday 16 February 2023, 13:00 – 16:00 CET to discuss issues arising and possible solutions in the accounting for variable consideration as highlighted in EFRAG’s latest Discussion Paper. Please register for the online outreach event here.
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17/01/2023 - EFRAG Sustainability Reporting Board meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Tuesday 24 January 2023. To watch the webcast live or at a later stage please click here
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16/01/2023 - EFRAG Sustainability Reporting Board meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Friday 20 January 2023. To watch the webcast live or at a later stage please click here.
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12/01/2023 - EFRAG FR TEG and EFRAG SR TEG Joint Meeting 17 January 2023
All the public documents are uploaded for the first joint meeting for the EFRAG Financial Reporting TEG and EFRAG Sustainability Reporting TEG on Tuesday 17 January 2023 in the EFRAG offices.
To watch the webcast of this public meeting or attend the public part of the meeting in the EFRAG offices, please register here. -
12/01/2023 - EFRAG FR TEG physical meeting 18 - 19 January 2023
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12/01/2023 - EFRAG SR TEG Meeting 17 January 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting TEG on Tuesday 17 January 2023 in the EFRAG offices.
To watch the webcast of this public meeting or attend the public part of the meeting in the EFRAG offices, please register here -
12/01/2023 - EFRAG SR TEG Meeting 16 January 2023
EFRAG announces that it will hold its EFRAG Sustainability Reporting TEG on Monday 16 January 2023 in the EFRAG offices.
To watch the webcast of this public meeting or attend the public part of the meeting in the EFRAG offices, please register here. -
11/01/2023 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 12 January 2023. To watch the webcast live or at a later stage please click here
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09/01/2023 - REMINDER | Apply to the new EFRAG ESRS Digital Reporting Consultative Forum by 23 January
EFRAG is seeking candidates to join its ESRS Digital Reporting Consultative Forum (ESRS DRCF) with a deadline for applications on Monday 23 January 2023.
The ESRS DRCF contributes to the development and maitenance of the XBRL Taxonomy of the European Sustainability Reporting Standards by providing regular views and recommendations on XBRL taxonomy-related issues to the EFRAG Sustainability Reporting Board (EFRAG SRB) and EFRAG Sustainability Reporting Technical Expert Group (EFRAG SR TEG).
The role, competencies, composition, and modus operandi of the ESRS DRCF are described in the Terms of Reference.
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04/01/2023 - EFRAG FR TEG and EFRAG SR TEG Joint Meeting 17 January 2023
EFRAG announces that it will hold the first joint meeting for the EFRAG Financial Reporting TEG and EFRAG Sustainability Reporting TEG on Tuesday 17 January 2023 in the EFRAG offices.
To watch the webcast of this public meeting or attend the public part of the meeting in the EFRAG offices, please register here. -
28/12/2022 - EFRAG FR TEG physical meeting 18 - 19 January 2023
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28/12/2022 - EFRAG Update December 2022
The December 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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23/12/2022 - Vacancy - Office Manager – maternity leave replacement
EFRAG, a leading actor in the corporate reporting environment, is looking for an experienced Office Manager to cover for a maternity leave, with a possibility of prolongation. Application (CV and cover letter) are welcome by 15 January at Rh@efrag.org.
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23/12/2022 - Primary Financial Statements - Summary Report and Recommendations - Targeted Outreach Roundtables
In order to receive input from preparers and to stimulate the discussion on the key tentative changes to the IASB’s proposals in the Exposure Draft General Presentation and Disclosures, from September to November 2022, EFRAG and the IASB organised joint outreach roundtables with European Stakeholders. EFRAG has now issued a Summary Report and Recommendations that summarises the feedback received during those events and provides a number of recommendations to the IASB.
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22/12/2022 - EFRAG seeks candidates to join its new ESRS Digital Reporting Consultative Forum
EFRAG is seeking candidates to join its ESRS Digital Reporting Consultative Forum (ESRS DRCF) with a deadline for applications on Monday 23 January 2023.
The ESRS DRCF contributes to the development and maitenance of the XBRL Taxonomy of the European Sustainability Reporting Standards by providing regular views and recommendations on XBRL taxonomy-related issues to the EFRAG Sustainability Reporting Board (EFRAG SRB) and EFRAG Sustainability Reporting Technical Expert Group (EFRAG SR TEG).
The role, competencies, composition, and modus operandi of the ESRS DRCF are described in the Terms of Reference.
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22/12/2022 - EFRAG seeks comments on its draft endorsement advice on amendments to IAS 1
EFRAG is consulting on its assessment of the Amendments to IAS 1 Presentation of Financial Statements against the technical criteria for use in the EU and on its assessment of whether the Amendments are conducive to the European public good. Comments are requested by 1 March 2023.
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21/12/2022 - EFRAG best wishes for 2023
EFRAG wishes you cheerful holidays and all the best for 2023!
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21/12/2022 - EFRAG welcomes Pedro Faria in its technical leadership team as environmental leader
EFRAG is glad to announce the appointment of Pedro Faria as Environmental Leader in its technical leadership team, after being seconded to EFRAG for the past six months. Read the press release.
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16/12/2022 - EFRAG Reporting Boards - new appointments
EFRAG welcomes:
- Serge Pattyn as EFRAG Financial Reporting Board (EFRAG FRB) Vice-Chair,
- Sadi Podevijn as new EFRAG FRB member,
- Kerstin Lopatta as EFRAG Sustainability Reporting Board (EFRAG SRB) Vice-Chair, and
- The European Investment Bank (EIB) as official observer in EFRAG Sustainability Reporting Board (EFRAG SRB) and EFRAG Sustainability Reporting Technical Expert Group (EFRAG SR TEG)
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15/12/2022 - EFRAG Financial Reporting Board Meeting 21 December 2022
EFRAG announces that it will hold its EFRAG Financial Reporting Board Meeting on Wednesday 21 December 2022 . To watch the webcast please click here.
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12/12/2022 - Join EFRAG's Community supporting the development of draft ESRS for listed SMEs
EFRAG wishes to create a community of stakeholders that have a direct experience in relation to SMEs and that have an interest to participate in the development of draft European Sustainability Reporting Standard for listed SMEs.
Submit your application here by 2/01/2023. EFRAG will be organising a workshop for the community members in the second half of January 2023.
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12/12/2022 - Join EFRAG's Community supporting the development of draft Voluntary Sustainability Reporting Standard for non-listed SMEs
EFRAG wishes to create a community of stakeholders that have a direct experience in relation to SMEs and that have an interest to participate in the development of a draft Voluntary Sustainability Reporting Standard for non-listed SMEs (VSRS), next to the already existing dedicated expert working group which will continue to be in operation.
Submit your application here by 2/01/2023. EFRAG will be organising a workshop for the community members in the second half of January 2023.
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12/12/2022 - EFRAG Sustainability Reporting Board meeting 14 December 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 14 December 2022.
Towatch the live webcast please click here.
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09/12/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Tuesday 13 December 2022. To watch the webcast live or at a later stage please click here.
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08/12/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 12 December 2022. To watch the webcast live or at a later stage please click here.
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05/12/2022 - EFRAG Update November 2022
The November 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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02/12/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 5 December 2022. To watch the webcast live or at a later stage please click here.
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29/11/2022 - Summary report - joint webinar on Primary Financial Statements - What are the implications of the recent IASB decisions?
EFRAG has issued a summary report of the joint webinar on a selection of the IASB’s tentative decisions to change the ED General Presentation and Disclosures, held on 15 November with representatives of preparers, users and auditors and the IASB. Panellists expressed their views on the selected IASB’s tentative decisions, including the potential implementation and application concerns. The recordings are available here.
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29/11/2022 - EFRAG summary reports of the PFS roundtables with preparers held on 24 October, 2 and 4 November 2022
EFRAG has issued reports about feedback received from participants during the roundtables on the IASB’s tentative decisions to change the Exposure Draft General Presentation and Disclosures.
In the roundtables, which were undertaken jointly with the IASB and in collaboration with national standard setters on 24 October, 2 and 4 November 2022, preparers discussed potential implementation and application concerns, potential additional guidance on specific topics and the efforts required to implement and apply the IASB’s selected tentative decisions.
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29/11/2022 - Summary report - joint webinar on Primary Financial Statements - What are the implications of the recent IASB decisions?
EFRAG has issued a summary report of the joint webinar on a selection of the IASB’s tentative decisions to change the ED General Presentation and Disclosures, held on 15 November with representatives of preparers, users and auditors and the IASB. Panellists expressed their views on the selected IASB’s tentative decisions, including the potential implementation and application concerns. The recordings are available here.
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28/11/2022 - EFRAG FR TEG meeting 30 November 2022
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Wednesday 30 November 2022. To watch the webcast meeting please register here.
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25/11/2022 - EFRAG FR TEG meeting 1 December 2022
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Thursday 1 December 2022.
To watch the webcast meeting please register here.
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24/11/2022 - EFRAG FR TEG-CFSS webcast meeting 30 November 2022
EFRAG announces that it will hold its EFRAG FR TEG-CFSS webcast meeting on Wednesday 30 November 2022. To watch the webcast please register here.
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23/11/2022 - EFRAG delivers the first set of draft ESRS to the European Commission
EFRAG is pleased to announce that it submitted the first set of draft ESRS to the European Commission yesterday in its role as technical adviser to the European Commission. This first set, approved by the EFRAG SRB, supported by the EFRAG SR TEG, takes into consideration the input from the public consultation on the draft ESRS EDs.
See EFRAG's advice package here.
Read the press release here.
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18/11/2022 - Calling the EFRAG Community Sector Groups - Workshops for draft Sector Sustainability Reporting Standards
EFRAG announces the dates and timing of the workshops to discuss the draft disclosures related to:
- Textiles, Accessories, Footwear, Jewellery
- Mining & Coal Mining
- Road Transport
- Food & Beverages
- Energy Production & Utilities
- Textiles, Accessories, Footwear, Jewellery
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16/11/2022 - EFRAG welcomes new member organisation, chairs of our Reporting Boards and new members of the EFRAG SRB
EFRAG is glad to report on the admission and appointments in its governance structure decided in the EFRAG General Assembly yesterday 15 November:
• Admission of CNC-CBN (Belgium) as new member organisation of the EFRAG Financial Reporting Pillar;
• Appointment of Wolf Klinz as EFRAG Financial Reporting Board (FRB) Chair;
• Appointment of Patrick de Cambourg as EFRAG Sustainability Reporting Board (SRB) Chair;
• Appointment of three new EFRAG SRB members: Aleksandra Palinska (European Stakeholder Organisations - users sector), Thierry Philipponnat (Civil Society Organisations Chapter - consumer organisations sector) and Laurence Rivat (National Organisations Chapter - ANC (France));
Read the press release here.
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15/11/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting 17 November
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 17 November 2022. To watch the webcast live or at a later stage please click here.
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15/11/2022 - Programme for EFRAG Conference "Where is Corporate Reporting heading?"
To commemorate EFRAG’s 21st anniversary and its ongoing role as the voice of Europe in shaping corporate reporting, three panels involving renowned subject matter leaders will debate new trends in the Environmental, Social, and Governance (ESG) revolution and the growing emphasis on the connectivity between sustainability and financial reporting. Read now the programme.Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, will be the keynote speaker. Pascal Durand, MEP (FR, Renew) and CSRD rapporteur, and Andreas Barckow, IASB Chair, will deliver a talk.
The conference will take place on Wednesday 7 December from 9:30 to 17:30 CET. Registration for the physical event is closed, but you can still register for online participation here.Meet the speakers and panellists of the conference here. -
14/11/2022 - EFRAG Sustainability Reporting Board meeting 15 November 2022
EFRAG announces that it will hold a public webcast meeting of the EFRAG Sustainability Reporting Board from 07:00 until 09:00 hrs (CET) on Tuesday 15 November 2022.
To watch the live webcast of the meeting please register here. -
14/11/2022 - REMINDER | EFRAG IASB online roundtable on 15 November 2022 - What are the implications of the recent IASB decisions on Primary Financial Statements?
Register now for the EFRAG IASB Roundtable ‘What are the implications of the recent IASB decisions on Primary Financial Statements?’. The online roundtable will take place tomorrow, Tuesday 15 November, from 10:00 to 12:45 (CET). Preparers, users and auditors will discuss the implications of the IASB's latest tentative decisions on Primary Financial Statements.
Read the programme and register now.
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11/11/2022 - EFRAG seeks comments on its draft endorsement advice on Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)
EFRAG is consulting on its assessment of Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) (‘the Amendments’) against the technical criteria for endorsement set out in Regulation (EC) No 1606/2002 and on its assessment of whether the Amendments are conducive to the European public good.
Comments from all interested stakeholders are requested by 9 January 2023 by completing the form here.
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10/11/2022 - EFRAG SR TEG & SRB Joint meeting 11 November
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board & EFRAG Sustainability Reporting Technical Expert Group webcast joint meeting on Friday 11 September 2022. To watch the live webcast please click here.
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10/11/2022 - Calling the EFRAG Community Sector Groups - Workshops for draft Sector Sustainability Reporting Standards
EFRAG announces the dates and timing of the workshops to discuss the sustainability matters and related regulations, for the draft ESRS sector-specific standards related to:
- Textiles, accessories, footwear, jewellery
- Food and beverages
- Agriculture and farming
- Oil & gas (upstream & downstream)
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08/11/2022 - Report with key messages from the September 2022 IFASS meeting available
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08/11/2022 - PROGRAMME EFRAG IASB online roundtable - What are the implications of the recent IASB decisions on Primary Financial Statements? 15 November 2022
Read now the programme for the EFRAG IASB Roundtable ‘What are the implications of the recent IASB decisions on Primary Financial Statements?’ taking place on 15 November, from 10:00 to 12:45 (CET). Preparers, users and auditors will discuss the implications of the IASB's latest tentative decisions on Primary Financial Statements.
Do not miss the chance to share your views, register now.
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07/11/2022 - EFRAG FR TEG meeting 9 November 2022
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Wednesday 9 November 2022.
To watch the webcast meeting please register here.
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04/11/2022 - EFRAG Update October 2022
The October 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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04/11/2022 - EFRAG Sustainability Reporting Board meeting 7 November 2022
EFRAG announces that it will hold a second session of EFRAG Sustainability Reporting Board webcast meeting on Monday 7 November 2022.
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03/11/2022 - EFRAG Sustainability Reporting Board meeting 3 November 2022
EFRAG announces that it will hold a second session of EFRAG Sustainability Reporting Board webcast meeting on Thursday 3 November 2022.
To watch the live webcast of the meeting please register here. -
02/11/2022 - EFRAG FR TEG meeting 3 November 2022
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Thursday 3 November 2022.
To watch the webcast meeting please register here.
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02/11/2022 - EFRAG Sustainability Reporting Board meeting 2 November 2022- PM-
EFRAG announces that it will hold a second session of EFRAG Sustainability Reporting Board webcast meeting on Wednesday 2 November 2022.
To register or to watch the live webcast of the meeting please click here. -
01/11/2022 - EFRAG Sustainability Reporting Board meeting 2 November 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 2 November 2022.
To register or to watch the live webcast of the meeting please click here. -
31/10/2022 - EFRAG Sustainability Reporting Board meeting 1 November 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Tuesday 1 November 2022.
To register or to watch the live webcast of the meeting please click here. -
28/10/2022 - EFRAG Sustainability Reporting Board meeting 31 October 2022
EFRAG announces that it will hold two EFRAG Sustainability Reporting Board webcast meetings on Monday 31 October 2022.
To register or to watch the live webcast for the first session from 7h00 to 9h00 hrs (CET), please click here.
To register or to watch the live webcast for the second session from 17h00 to 20h00 hrs (CET), please click here.
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26/10/2022 - REMINDER – Apply to the EFRAG Financial Reporting TEG for the 2023 rotation
Experts in financial reporting, interested in joining the EFRAG Financial Reporting TEG (EFRAG FR TEG) for the 2023 rotation, have until 7 November 2022 to submit their application. A user or preparer background would be an advantage.
EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG strives for geographical and gender balance in the composition of EFRAG FR TEG. Read the complete call for candidates.
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26/10/2022 - EFRAG Sustainability Reporting Board meeting
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24/10/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Tuesday 25 October 2022. To watch the live webcast please click here.
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24/10/2022 - Calling the EFRAG Community Sector Groups - Workshops for draft Sector Sustainability Reporting Standards
EFRAG announces the dates and timing of the workshops to discuss the sustainability matters and related regulations, for the Sustainability Reporting draft Sector Standards related to:
- Motor vehicles
- Energy Production and Utilities
- Road Transport
Register here for the public sessions to receive a summary and to discuss the topics with other interested stakeholders. -
18/10/2022 - EFRAG releases its educational session on the IASB’s Primary Financial Statements project
The EFRAG Secretariat releases its educational session on the Primary Financial Statements project presenting an overview of EFRAG’s work on the project, and useful educational material for the forthcoming roundtables and webinars. The purpose is to help participants of the targeted outreach with their preparations. Watch the educational session here.
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18/10/2022 - SAVE THE DATE – EFRAG ASCG IASB ROUNDTABLE ON PRIMARY FINANCIAL STATEMENTS
The Accounting Standards Committee of Germany (ASCG), jointly with EFRAG and in cooperation with the IASB Staff invite stakeholders to a roundtable discussion on the IASB’s ED General Presentation and Disclosures. The targeted outreach event will focus on selected tentative decisions taken by the IASB after reviewing stakeholders' feedback.
The online event will take place on Friday 11 November 2022, from 10:00 to 12:30 CET. It will be held in German. Register here.
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15/10/2022 - EFRAG Sustainability Reporting TEG meetings - closed meetings
From Monday 17 to Friday 21 October, EFRAG SR TEG members will be working in closed meetings to focus on the drafting of the draft ESRS. Public meetings will resume at a later stage.
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14/10/2022 - SAVE THE DATE | EFRAG IASB online roundtable - What are the implications of the recent IASB decisions on Primary Financial Statements?
On Tuesday 15 November, from 10:00 to 12:45 (CET), EFRAG will hold an online roundtable in cooperation with the IASB to discuss with preparers, users and auditors the implications of the IASB's latest tentative decisions on Primary Financial Statements. Do not miss the chance to share your views, register now.
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14/10/2022 - EFRAG Sustainability Reporting Board meeting 20 October 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Thursday 20 October 2022.
To watch the webcast from 8:10 to 9:00 (CET) please click here. -
14/10/2022 - EFRAG Sustainability Reporting Board meeting 21 October 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Friday 21 October 2022.
To watch the webcast from 8:10 to 9:00 (CET) please click here. -
14/10/2022 - EFRAG Administrative Board meeting 17 October 2022
EFRAG announces that it will hold a session of its EFRAG Administrative Board meeting on Monday 17 October 2022 in public to address due process matters. The session will be held from 14:15 hs to 14:50 hrs (CET). To watch the webcast please register here.
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14/10/2022 - EFRAG Sustainability Reporting Board meeting 19 October 2022
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14/10/2022 - Calling the EFRAG Community Sector Groups - Workshops for draft Sector Sustainability Reporting Standards
EFRAG announces the dates and timing of the workshops to discuss the sustainability matters and related regulations, for the Sustainability Reporting draft Sector Standards related to:
- Motor Vehicles; and
- Agriculture, Farming and Fishing.
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13/10/2022 - EFRAG Financial Reporting Board Meeting 18 October 2022
EFRAG announces that it will hold its EFRAG Financial Reporting Board Meeting on Tuesday 18 October 2022 . To watch the webcast please click here.
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12/10/2022 - EFRAG educational session on the IASB’s Primary Financial Statements project
On 18 October 2022, the EFRAG Secretariat will provide an educational session on the Primary Financial Statements project presenting an overview of EFRAG’s work on the project, and useful educational material for the forthcoming roundtables and webinars. The purpose is to help participants to the targeted outreach with their preparations. The educational session will be available here.
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10/10/2022 - EFRAG Sustainability Reporting Board meeting 12 October 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Tuesday 12 October 2022. To watch the webcast please click here
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10/10/2022 - EFRAG Sustainability Reporting Board meeting 11 October 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Tuesday 11 October 2022. To watch the webcast please click here
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06/10/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Friday 07 October 2022. To watch the live webcast please click here.
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06/10/2022 - Calling the mining, coal and oil and gas community sector groups: Workshops for draft Sector Sustainability Reporting Standards
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04/10/2022 - EFRAG Sustainability Reporting Board meeting 05 October 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board in person/hybrid meeting on Wednesday 05 October 2022 in the EFRAG offices. To register for attending EFRAG meeting in person, or to watch the live webcast, please click here.
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03/10/2022 - EFRAG Sustainability Reporting Board meeting 04 October 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board in person/hybrid meeting meeting on Tuesday 04 October 2022 in the EFRAG offices. To register for attending EFRAG meeting in person, or to watch the live webcast, please click here.
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03/10/2022 - EFRAG FR TEG meeting 06 October 2022
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Thursday 06 October 2022.
To watch the webcast meeting please register here
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03/10/2022 - EFRAG Update September 2022
The September 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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03/10/2022 - Save the date - EFRAG announces its Conference "Where is Corporate Reporting heading?"
On 7 December 2022, EFRAG will hold its conference "Where is Corporate Reporting heading?" in Brussels to celebrate its 21-year anniversary and discuss EFRAG's major accomplishments, past and future. It will be an occasion to debate the new trends in corporate reporting following the Environmental, Social and Governance (ESG) revolution and the connectivity with financial reporting.
Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, will be the keynote speaker. Pascal Durand, MEP (FR, Renew) and CSRD rapporteur, and Andreas Barckow, IASB Chair, will also deliver a talk.
The conference will take place on Wednesday 7 December from 9:30 to 17:30 CET. Registration for the physical event is closed, but you can still register for online participation here.
Download the Save the Date here.
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30/09/2022 - Call for candidates for EFRAG Sustainability Reporting TEG focused on consumer expertise
EFRAG calls for candidates for its EFRAG Sustainability Reporting TEG with a consumer profile. Interested experts are invited to send their applications, setting out the name, CV and motivation letter, by 24 October 2022, to the following email address: nominations@efrag.org. Early applications are encouraged. The interviews will take place in the form of a webcast meeting.
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28/09/2022 - Call for tenders - Developing the XRBL Taxonomy of the first set of ESRS
EFRAG calls for tenders to outsource the development of the XBRL taxonomy of the first set of European Sustainability Reporting Standards (ESRS) to XBRL specialised experts. Responses are expected no later than Monday 24 October 2022, by close of business. The call for tenders can be downloaded here.
Tenders should include a completed and signed Information Form (see link in full description). The form and the information in the call for tenders should be sent to call.for.tender@efrag.org.
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27/09/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Friday 30 September 2022. To watch the webcast live or at a later stage please click here.
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27/09/2022 - EFRAG Discussion Paper - Accounting for Variable Consideration - from a Purchaser's Perspective
EFRAG has published a Discussion Paper on Accounting for Variable Consideration and invites constituents to comment by 31 May 2023.
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26/09/2022 - REMINDER - Join the EFRAG Sustainability Reporting Team
Interested sustainability reporting professionals can still submit their application to join the EFRAG Sustainability Reporting Team. Indeed, in its broadened role as the technical advisor to the European Commission in the development of draft European Sustainability Reporting Standards (ESRS), EFRAG seeks to recruit both permanent and seconded (paid or in-kind) experts.
Read the full job description here (continuous recruitment)
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23/09/2022 - Join EFRAG’s Community Sector Groups supporting the development of Sector specific draft ESRS
EFRAG is establishing Community Sector Groups across a number of sectors to allow a diverse range of external stakeholders to provide input, contribute and support their work in the development of Sector specific draft ESRS.
EFRAG welcomes applications from stakeholders that have a direct interest in the respective sector(s) to join these Community Sector Groups as part of their preparation for sector specific workshops and outreach events which will take place during October and November 2022.
Support your sector on this new green path: complete the online application form before 7 October 2022 here.
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22/09/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Friday 23 September 2022. To watch the live webcast please click here.
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22/09/2022 - EFRAG Endorsement Status Report - Update
The Endorsement Status Report now reflects the publication of Amendments to IFRS 16 Leases: Lease Liability in a Sale and Leaseback by the IASB on 22 September 2022.
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21/09/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 22 September 2022. To watch the live webcast please click here.
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21/09/2022 - EFRAG invites companies to participate in roundtable discussions on the IASB’s project Primary Financial Statements
EFRAG in coordination with the IASB and European national standard setters will conduct roundtable discussions with preparers focused on a selection of tentative decisions made by the IASB. These represent a change to the proposals in the Exposure Draft General Presentation and Disclosures (‘the ED’) issued in 2019.
EFRAG would like to invite you to participate in the roundtable discussions taking place on 24 October and 2 November 2022, from 9h to 11h (CET) (closed online event).
If you are interested to participate and express your views, please contact ioana.kiss@efrag.org by 30 September 2022.
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21/09/2022 - Update on IFASS meeting in September 2022
The International Forum of Accounting Standard Setters (IFASS) will meet on 27-28 September 2022 in London and discuss topics related to financial and sustainability reporting.
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20/09/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group in persons/hybrid meeting on Wednesday 21 September 2022 in the EFRAG offices. To register for attending EFRAG meeting in person, or to watch the live webcast, please click here.
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19/09/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Tuesday 20 September 2022. To watch the live webcast please click here.
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16/09/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
FRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 19 September 2022. To watch the live webcast please click here.
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13/09/2022 - EFRAG Sustainability Reporting Board meeting 14 September 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Wednesday 14 September 2022. To watch the live webcast please click here.
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13/09/2022 - EFRAG FR TEG webcast meeting 14 September 2022
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Wednesday 14 September 2022.
To watch the webcast meeting please register here. -
13/09/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 15 September 2022. To watch the live webcast please click here.
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11/09/2022 - EFRAG FR TEG-CFSS webcast meeting 14 September 2022
EFRAG announces that it will hold its EFRAG FR TEG-CFSS webcast meeting on Wednesday 14 September 2022. To watch the webcast please register here.
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09/09/2022 - EFRAG Sustainability Reporting Board meeting 13 September 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Tuesday 13 September 2022. To watch the live webcast please click here
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09/09/2022 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of the Amendments to IFRS 17: Initial Application of IFRS 17 and IFRS 9 – Comparative Information is now reflected in the Endorsement Status Report.
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08/09/2022 - EFRAG Sustainability Reporting Board meeting 12 September 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Monday 12 September 2022. To watch the live webcast please click here.
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08/09/2022 - EFRAG releases its Annual Review 2021
EFRAG publishes today its Annual Review 2021 that highlights the main achievements of the organisation in the past year and the important developments that took place in the first half of 2022, such as the governance reform and the confirmation of EFRAG's role as the technical advisor to the EC providing technical advice in the form of draft European Sustainability Reporting Standards (ESRS) in addition to the financial reporting developments.
Take a look at the report here.
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07/09/2022 - EFRAG Sustainability Reporting Board & EFRAG Sustainability Reporting Technical Expert Group Joint meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board & EFRAG Sustainability Reporting Technical Expert Group webcast joint meeting on Thursday 08 September 2022. To watch the live webcast please click here.
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07/09/2022 - Join the EFRAG Financial Reporting TEG for the 2023 rotation
EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG seeks in particular candidates with a user or preparer background. EFRAG strives for geographical and gender balance in the composition of EFRAG FR TEG.
Read the complete call for candidates.
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05/09/2022 - EFRAG Administrative Board meeting 6 September 2022
EFRAG announces that it will hold a session of its EFRAG Administrative Board meeting on Tuesday 6 September 2022 in public (from 13:10 to 13:30) to discuss due process matters. To watch the webcast please register here.
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05/09/2022 - EFRAG Update August 2022
The August 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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05/09/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Tuesday 06 September 2022. To watch the live webcast please click here.
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01/09/2022 - EFRAG Sustainability Reporting Board meeting 05 September 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Monday 05 September 2022. To watch the live webcast please click here.
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01/09/2022 - Join EFRAG’s Sustainability Reporting Team
In its broadened role as the technical advisor to the European Commission in the development of draft European Sustainability Reporting Standards (ESRS), EFRAG seeks to recruit both permanent and seconded (paid or in-kind) sustainability reporting professionals.
Read the full job description here (continuous recruitment).
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30/08/2022 - EFRAG Sustainability Reporting Board meeting 02 September 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Friday 02 September 2022. To watch the live webcast please click here.
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28/08/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 29 August 2022. To watch the live webcast please click here.
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25/08/2022 - EFRAG Sustainability Reporting Board meeting 26 August 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Friday 26 August 2022. To watch the live webcast please click here
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22/08/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Wednesday 24 August 2022. To watch the live webcast please click here.
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12/08/2022 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IAS 12 Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction is now reflected in the Endorsement Status Report. The updated EFRAG Endorsement Status Report can be found here.
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11/08/2022 - EFRAG Sustainability Reporting Board meeting 15 August 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Monday 15 August 2022. To watch the live webcast please click here
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10/08/2022 - Closing of the EFRAG public consultation on the Draft ESRS EDs
After a 100-day consultation period on the EFRAG Draft ESRS Exposure Drafts (Draft ESRS EDs), EFRAG closed its public consultation with more than 750 comment submissions in total.
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01/08/2022 - EFRAG Update July 2022
The July 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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27/07/2022 - Outreach event summary report - 'Better Information on Intangibles: What's next?'
EFRAG has issued a summary report of the outreach event 'Better Information on Intangibles: What's next?' held on 30 May 2022. At the event, key corporate reporting players discussed the next steps for achieving better information on intangibles.
The summary report is available here.
Read EFRAG's Discussion Paper Better Information on Intangibles here.
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27/07/2022 - EFRAG's Feedback Statement on the IASB's Third Agenda Consultation and EFRAG's own Proactive Research Agenda
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26/07/2022 - Danish outreach event on Better Information on Intangibles
On 22 August 2022,from 9:00 to 12:00 (CET), EFRAG, the Confederation of Danish Industry (DI) and FSR – Danish Auditors are organising a public outreach event in Copenhagen on EFRAG’s DP Better Information on Intangibles – Which is the best way to go?
Registration form and programme are available here. This event is physical only and will be held in English.
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19/07/2022 - Appointment of two new EFRAG Sustainability Reporting TEG members with special focus on SME and social expertise
In its meeting on 12 July, the EFRAG Sustainability Reporting Board (EFRAG SRB) appointed two new members with SME and social expertise to the EFRAG Sustainability Reporting TEG (SR TEG).
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19/07/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Friday 22 July 2022. To watch the live webcast please click here.
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15/07/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Wednesday 20 July 2022. To watch the live webcast please click here.
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15/07/2022 - EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Monday 18 July 2022. To watch the live webcast please click here.
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13/07/2022 - Programme for the EFRAG & EAA joint outreach event on EFRAG Draft ESRS EDs
EFRAG and the European Accounting Association (EAA) will hold a joint outreach event tomorrow 14 July 20222, from 16:30 to 18:00 CET, to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS) with special focus on the academics' perspective. During this online event, two parallel sessions will take place: one on draft environmental ESRS EDs and the other on draft social ESRS EDs.
Discover the programme here. -
13/07/2022 - EFRAG Financial Reporting Board Meeting 14 July 2022
EFRAG announces that it will hold its EFRAG Financial Reporting Board Meeting on Thursday 14 July 2022 . To watch the live webcast please click here.
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12/07/2022 - Programme for the EFRAG/NGOs/Trade Unions joint outreach event on EFRAG Draft ESRS Exposure Drafts
EFRAG together with trade unions and NGOs will hold a joint outreach event tomorrow 13 July 2022 from 9:30 to 15:30 (CET) to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS).
Trade unions and NGOs co-organising this event are: ETUI, ETUC, Economy for the Common Good, Environmental Defense Fund Europe, Frank Bold, Shift, Transport & Environment and WWF.
Discover the programme here.
Register for this online event here. -
12/07/2022 - EFRAG Financial Reporting TEG Meeting 13 July 2022
EFRAG announces that it will hold its EFRAG Financial Reporting TEG webcast meeting on Wednesday 13 July 2022. To watch the live webcast please click here.
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11/07/2022 - Programme for EFRAG, BETTER FINANCE, BEUC, EFFAS and Finance Watch joint outreach event on EFRAG Draft ESRS EDs
Register now to EFRAG, BETTER FINANCE, BEUC, EFFAS and Finance Watch joint outreach event , Thursday 14 July 2022 from 15:00 to 18:15 CET, to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS) and hear users and consumers' perspectives on the topic. This hybrid event will take place in EFRAG offices. Don't hesitate to join us physically!
Discover the programme here. -
08/07/2022 - Programme for EFRAG & CSR HELLAS joint outreach event on the EFRAG Exposure Drafts on Draft ESRS
Register now to EFRAG and CSR HELLAS joint outreach event on 11 July 2022, from 12:00 to 16:00 CET to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS) and hear the views of Greek stakeholders. This online event will mainly be in Greek.
Discover the programme here.
To register, click here.
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06/07/2022 - EFRAG & EAA joint outreach event on EFRAG Draft ESRS EDs
EFRAG and the European Accounting Association (EAA) will hold a joint outreach event on 14 July 2022 from 16:30 to 18:00 CET to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS).
Register for this online event here.
Download the Save the Date here.
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05/07/2022 - Programme for EFRAG, EFAA for SMEs and SMEunited joint outreach event
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05/07/2022 - EFRAG Update June 2022
The June 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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05/07/2022 - EFRAG/TRADE UNION/NGO Joint Webinar on EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards
EFRAG together with trade unions and NGOs will hold a joint outreach event on 13 July 2022 from 9:30 to 15:30 (CET) to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS).
Trade unions and NGOs co-organising this event are: ETUI, ETUC, Economy for the Common Good, Environmental Defense Fund Europe, Frank Bold, Shift, Transport & Environment and WWF.
Download the Save the Date here.
Register for this online event here.
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01/07/2022 - Rescheduled EFRAG ESRS workshops on Sector Specific Sustainability Reporting Standards - Insurance, Sales and Trade and Motor vehicles
EFRAG calls for experts in the sustainability reporting field with background on Insurance (Wednesday 13 July PM), Sales and Trade (Monday 18 July AM) and Motor Vehicles (Monday 18 July PM) to participate in these workshops and to provide input on the draft Sector Specific Sustainability Reporting Standards.
The application deadline for these rescheduled workshops is one week before the actual workshop.
Please submit your application here.
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01/07/2022 - Reminder - EFRAG seeks input from users and preparers on an academic survey on the effects of IFRS 15 Revenue from Contracts with Customers
EFRAG reminds users and preparers to provide input to an academic study on the effects of IFRS 15 Revenue from Contracts with Customers. The study will be important for EFRAG's work related to the IASB's Post-implementation Review of IFRS 15.
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01/07/2022 - Academics with corporate reporting expertise to apply for academic fellowship at EFRAG by 15 July 2022
EFRAG seeks an academic fellow with experience in sustainability reporting or financial reporting and IFRS Standards with a good understanding of broader corporate reporting to work with EFRAG, during a sabbatical leave period of between 6 months and two years.
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01/07/2022 - Programme for EFRAG, BusinessEurope and EuropeanIssuers joint outreach event on EFRAG EDs on draft ESRS
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30/06/2022 - EFRAG Board President Jean-Paul Gauzès delivers a message as his mandate comes to an end
Today, 30 June, marks the last day of Jean-Paul Gauzès as EFRAG Board President after two consecutive mandates since 2016. Read now his message.
As from tomorrow, Hans Buysse will assume his role as new EFRAG Administrative Board President.
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29/06/2022 - EFRAG, BETTER FINANCE, BEUC, EFFAS and Finance Watch joint outreach event on EFRAG Exposure Drafts on Draft ESRS
EFRAG, BETTER FINANCE, BEUC, EFFAS and Finance Watch will hold a joint outreach event on 14 July 2022 from 15:00 to 18:15 (CET) in EFRAG offices to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS).
Download the Save the date here.
Register for this hybrid event here.
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27/06/2022 - EFRAG FR TEG-CFSS webcast meeting 28 June 2022
EFRAG announces that it will hold its EFRAG FR TEG-CFSS webcast meeting on Tuesday 28 June 2022. To watch the webcast please register here.
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24/06/2022 - EFRAG, EFAA for SMEs and SMEunited joint outreach event on the EFRAG Exposure Drafts on Draft ESRS with a special focus on SMEs and SMPs
EFRAG, EFAA for SMEs and SMEunited will hold a joint outreach event on 8 July 2022 from 14:00 to 16:00 CET in EFRAG offices to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS) with a special focus on SMEs and SMPs.
Download the Save the date here.
Register for this hybrid event here.
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24/06/2022 - EFRAG & OIC joint outreach event on the EFRAG Exposure Drafts on Draft ESRS
EFRAG and Organismo Italiano di Contabilità (OIC) will hold a joint outreach event on 5 July 2022 from 14:30 to 18:00 CET to discuss the EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards (ESRS). This event will be in Italian.
Download the Save the date here.
Register for this online event here.
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23/06/2022 - EFRAG Sustainability Reporting Board meeting 24 June 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Friday 24 June 2022. To watch the live webcast please click here.
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23/06/2022 - EFRAG & CSR HELLAS joint outreach event on the EFRAG Exposure Drafts on Draft ESRS
EFRAG and CSR HELLAS will hold a joint outreach event on 11 July 2022 from 12:00 to 16:00 CET to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS). This event will be in Greek and online only.
Download the Save the date here.
To register, click here.
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22/06/2022 - EFRAG confirmed in its role of sustainability reporting technical advisor to the EC
On Tuesday 21 June, the Council and the European Parliament reached a provisional agreement on the European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) which envisages the adoption of EU sustainability reporting standards. EFRAG welcomes the confirmation of its role as technical advisor to the European Commission in the sustainability reporting field.
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22/06/2022 - Reminder – Provide your comments on EFRAG’s Discussion Paper on Intangibles
The deadline for commenting on EFRAG’s Discussion Paper Better Information on Intangibles – Which is the best way to go? is approaching (30 June 2022). Please provide your comments by submitting a comment letter or by using the electronic survey.
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21/06/2022 - Programme for the Financial Institutions Joint Outreach Event on the EFRAG EDs on Draft ESRS
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20/06/2022 - EFRAG Sustainability Reporting Board meeting June 2022
EFRAG announces that it will hold its EFRAG Sustainability Reporting Board webcast meeting on Tuesday 21 June 2022. To watch the live webcast please click here.
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20/06/2022 - AFRAC, EFRAG & WU VIENNA Joint Outreach Event on EFRAG Exposure Drafts on Draft ESRS
AFRAC, EFRAG & the Institute for Accounting & Auditing at Vienna University of Economics and Business (WU Vienna) will hold a joint outreach event on 22 June 2022 to discuss the EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards. This event will be in German.
Download the programme here.
Register to this hybrid event here.
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17/06/2022 - EFRAG, the Ministry of Finance of the Republic of Poland, WARSAW STOCK EXCHANGE and the Polish Association of Listed Companies joint outreach event on EFRAG Exposure Drafts on Draft ESRS
EFRAG, the Ministry of Finance of the Republic of Poland, WARSAW STOCK EXCHANGE and the Polish Association of Listed Companies will hold a joint outreach event on 29 June 2022 from 10:00 to 13:30 CET in Warsaw to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS). The event will mostly be in Polish.
Download the Save the date here.
Register to this hybrid event here.
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14/06/2022 - EFRAG, CGE & ICAC joint outreach event on EFRAG Exposure Drafts on Draft ESRS
EFRAG, Consejo General de Economistas de España (CGE) and Instituto de Contabilidad y Auditoría de Cuentas (ICAC) will hold a joint outreach event on 1 July 2022 from 9:30 to 13:30 CET in Madrid to discuss the EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards (ESRS). This event will mostly be in Spanish. Download the Save the date here.
For online attendance, register here.
For physical attendance, register here.
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13/06/2022 - Programme for the EFRAG, O.I.B.R. and OIC Italian outreach on “Better Information on Intangibles”
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08/06/2022 - EFRAG, BusinessEurope and EuropeanIssuers joint outreach event on EFRAG EDs on draft ESRS
EFRAG jointly with BusinessEurope and EuropeanIssuers will hold a joint outreach event on 4 July 2022 from 15:00 to 18:30 CET in Brussels to discuss the EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards (ESRS). This event will be in English. You can join online or physically in EFRAG offices (Square de Meeûs 35, 1000 Brussels).
Download the 'Save the date' here.
Register for this hybrid event here.
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08/06/2022 - Save the date: 15 June 2022 - EFRAG, O.I.B.R. and OIC outreach event on "Better Information on Intangibles"
EFRAG, the O.I.B.R. and the OIC are hosting an online event on Wednesday 15 June 2022 15:00 - 17:00 CET to discuss how to get better information on intangibles. The event will be held in Italian. Download the 'Save the date' and register here.
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07/06/2022 - EFRAG Nordic Outreach Event on EFRAG Exposure Drafts on Draft ESRS
EFRAG and The Confederation of Danish Industry (DI) together with Nordic partners are pleased to invite you to a combined physical (in Copenhagen) and web-based Nordic outreach meeting on the EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards (ESRS), Friday 17 June 2022 from 09.00 to 14:30 (CET). This event will be in English.
Access the programme here.
Register to this hybrid event here.
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03/06/2022 - Save the date - EFRAG & DASB (RJ) Joint Outreach Event on EFRAG Exposure Drafts on Draft ESRS
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03/06/2022 - Financial Institutions Joint Outreach Event on the EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards
EFRAG jointly with its Member Organisations Accountancy Europe, EACB, EBF, EFAMA, EFFAS, ESBG, Eurosif and Insurance Europe will hold a joint outreach event on 22 June 2022 from 9:00 to 12:00 CET in Brussels (EFRAG offices) to discuss the EFRAG Exposure Drafts on the first set of Draft European Sustainability Reporting Standards (ESRS). This event will be in English.
Register to this hybrid event here.
Download the Save the date here.
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01/06/2022 - EFRAG Update May 2022
The May 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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31/05/2022 - EFRAG issues the set of Basis for conclusions of its ESRS Exposure Drafts
EFRAG issues the set of Basis for conclusions to supplement the draft ESRS Exposure Drafts (EDs) developed by the EFRAG PTF-ESRS. The consultation on the EDs was launched on 29 April and is open until 8 August 2022. No comments are requested on the Basis for conclusions.
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30/05/2022 - Save the date - DRSC & EFRAG joint outreach event on the EFRAG EDs on Draft ESRS
DRSC and EFRAG will hold a joint outreach event on 10 June 2022 from 10:00 to 16:00 CEST in Berlin to discuss the EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards. This event will be in German.
Register to this hybrid event here.
Download the Save the date here. The programme will follow in due course.
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30/05/2022 - EFRAG FRB webcast meeting 01 June 2022
EFRAG announces that it will hold its EFRAG FRB webcast meeting on Wednesday 01 June 2022. To watch the live webcast please click here.
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27/05/2022 - Join EFRAG & ANC for a new outreach event on EFRAG's EDs on Draft ESRS
EFRAG and ANC will hold a joint outreach event on 2 June 2022 from 14:00 to 18:00 CEST in Paris to discuss the EFRAG Exposure Drafts on Draft European Sustainability Reporting Standards. This event will be in French.
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25/05/2022 - Draft ESRS - Use Test Focus Group: testing the proposals for sustainability reporting
EFRAG invites preparers to join its Use Test Focus Group to test the usability of the draft ESRS requirements through completion of a questionnaire and participating in a workshop. The results will be considered by EFRAG as part of the other feedback received on its exposure drafts on sustainability reporting.
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24/05/2022 - Reminder - Join EFRAG's next outreach event «Better Information on Intangibles – What’s next?»
Register now for EFRAG's next outreach event «Better Information on Intangibles – What’s next?» and follow the discussion on the future steps to make for achieving better information on intangibles, Monday 30 May 2022, 12:00 – 14:30 CEST.
Register to the hybrid event here.
Download the programme here.
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24/05/2022 - EFRAG Sector workshops - call for experts to provide input on the preparation of draft ESRS Sector-Specific Sustainability Reporting Standards
EFRAG calls for experts in the sustainability reporting field with sector specific backgrounds to participate in sector workshops and to provide input on the preparation of draft ESRS Sector-Specific Sustainability Reporting Standards.The application deadline for each workshop is 10 calendar days before the workshop takes place. Please check the list of workshops here.Please submit your application here.
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24/05/2022 - EFRAG holds new public educational sessions on EDs draft ESRS S2, S3, S4, S1, G1 & G2
Join EFRAG's new educational sessions jointly for the EFRAG Sustainability Reporting Board (SRB) and the EFRAG Sustainability Reporting TEG (SR TEG) on the Exposure Drafts (EDs) on:
EDs draft ESRS S2 Workers in the value chain, ESRS S3 Affected communities and ESRS S4 Consumers and end-users, Tuesday 31 May 18.00 – 19.00 CEST. Join the educational session here.
- ED draft ESRS S1 Own workforce, Thursday 2 June 8.00 – 9.00 CEST. Join the educational session here.
- ED draft ESRS G1 Governance, risk management and internal control, Tuesday 7 June 8.00-9.00 CEST. Join the educational session here.
- Last educational session ED draft ESRS G2 Business conduct, Wednesday 8 June 18.00 -19.00 CEST. [link soon online]
All of these educational sessions are held in public and the recordings are publicly available here.
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23/05/2022 - EFRAG Public call for tenders - Assisting EFRAG in analysing the feedback from its public consultation on Draft ESRS
EFRAG is launching a call for tenders for assistance in analysing the feedback that EFRAG will receive to its public consultation on the first set of draft European Sustainability Reporting Standards Exposure Drafts (ESRS EDs)
The purpose of the public consultation, open until 8 August 2022, is to receive feedback from constituents on both the relevance and priorities of the ESRS EDs designed to cover the first set of ESRS defined by Article 19b.1.a of the proposal for a CSRD. EFRAG expects to receive many opinions and suggestions from stakeholders, in a structured and unstructured format.
The purpose of this call for tenders is to analyse and structure the feedback received to the public consultation in a way that will allow EFRAG to focus on addressing the issues raised. The work is to be completed following a timeline set out in the invitation with the final Report due by Friday 9 September 2022.
The call for tenders can be downloaded here.
Tenders should be sent to EFRAG at the following email address: call.for.tender@EFRAG.ORG no later than 27 June 2022.
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23/05/2022 - EFRAG's Final Letter on the IFRS Interpretations Committee's Tentative Agenda Decisions in the final phase of implementing IFRS 17 Insurance Contracts
EFRAG has published its Final Letter on the IFRS Interpretations Committee's (IFRS IC's) Tentative Agenda Decision in the final phase of implementing IFRS 17 Insurance Contracts. EFRAG's Final Letter is available here.
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23/05/2022 - Call for candidates for EFRAG Sustainability Reporting TEG focused on SME and social expertise
EFRAG has open positions for two new seats in the EFRAG Sustainability Reporting TEG focused on SME and social expertise.
Submissions, setting out the name, CV and motivation should be sent, by 20 June 2022, by email to EFRAG to the attention of Jean-Paul Gauzès, EFRAG Administrative Board President, using the email address: nominations@efrag.org. Early applications are encouraged.
The interviews will take place in the form of a webcast meeting.
Read the full call for candidates here. -
20/05/2022 - EFRAG, IDOP, RRIF & UNGC Croatia joint outreach event on EFRAG’s Exposure Drafts on draft ESRS
EFRAG, IDOP, RRIF & UNGC Croatia will launch the first joint outreach event on EFRAG's Exposure Drafts (EDs) on Draft European Sustainability Reporting Standards, on Wednesday, 25 May from 10:00 to 12:00 CEST in Zagreb, Croatia.
This event will be in Croatian except for the panel discussion that will be in English.
Download the programme and register here for this hybrid event.
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19/05/2022 - Programme for EFRAG outreach event: ‘Better Information on Intangibles – What’s next?'
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18/05/2022 - EFRAG holds a new public educational session on EDs draft ESRS E3 & E4
This is a new educational session jointly for the EFRAG Sustainability Reporting Board (SRB) and the EFRAG Sustainability Reporting TEG (SR TEG) on the Exposure Drafts (EDs) on draft ESRS E3 Water and marine resources and draft ESRS E4 Biodiversity and ecosystems, Monday 23 May 18.00 – 19.30 CEST.
This educational session can be accessed here.
All of these educational sessions are held in public and the recordings are publicly available here.
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18/05/2022 - EFRAG FRB webcast meeting 20 May 2022
EFRAG announces that it will hold its EFRAG FRB webcast meeting on Friday 20 of May 2022. To watch the live webcast please click here.
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17/05/2022 - EFRAG FR TEG webcast meeting 18-19 May 2022
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17/05/2022 - Fifth meeting of the EFRAG Sustainability Reporting Board
EFRAG announces that it will hold its fifth EFRAG Sustainability Reporting Board webcast meeting on Friday 20 May 2022. To watch the live webcast please click here.
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16/05/2022 - Outreach Event Summary Report - EFRAG and EFFAS joint webinar on users' guidelines for better information on intangibles
EFRAG has issued a summary report of the EFRAG and EFFAS joint webinar on users' perspective on how to achieve better information on intangibles held on 29 March 2022. At the event, users and a few preparers of financial statements provided their views on the possible approaches included in the discussion paper to provide better information on intangibles.
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16/05/2022 - EFRAG holds public educational sessions on the draft ESRS EDs
EFRAG is organising a series of educational sessions jointly for the EFRAG Sustainability Reporting Board (SRB) and the EFRAG Sustainability Reporting TEG (SR TEG) on the draft ESRS Exposure Drafts (EDs) issued for public consultation on 29 April. The sessions are held in public and the recordings are publicly available here.
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06/05/2022 - EFRAG is extending the period to answer to its call for tenders for the cost-benefit analysis of the first set of draft European Sustainability Reporting Standards
Following the launch of the public consultation on the exposure-drafts of the first set of draft European Sustainability Reporting Standards (draft ESRS EDs), EFRAG is extending the period to respond to its call for tenders for the cost-benefit analysis of the draft ESRS to allow more time for tenderers to consider the published documents..
The time limit to respond to the call for tenders is extended until Friday 27 May 2022. The revised call for tenders is accessible here.
Tenders, should include a completed and signed Information Form and all the information specifically requested in the call for tenders, should be sent to EFRAG at the following email address: call.for.tender@EFRAG.ORG no later than Friday 27 May 2022.
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06/05/2022 - Norwegian outreach event on Better Information on Intangibles
On 24 May 2022, 12:15 – 15:15 (Brussels/Oslo time) EFRAG and the Norwegian Accounting Standards Board are organising a public outreach event on EFRAG’s Discussion Paper Better Information on Intangibles – Which is the best way to go?
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04/05/2022 - First EFRAG Sustainability Reporting Technical Expert Group meeting
EFRAG announces that it will hold its third EFRAG Sustainability Reporting Technical Expert Group webcast meeting on Thursday 05 May 2022. To watch the live webcast please click here.
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04/05/2022 - EFRAG Public Consultation on Draft ESRS EDs: working links to online survey
The updated links to the online survey for EFRAG’s public consultation on DRAFT ESRS EDs now available here.
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03/05/2022 - EFRAG Symposium at EAA Congress on Digital Corporate Reporting - What Does It Mean for Standard Setting? - 13 May 2022
EFRAG is holding a symposium on Digital Corporate Reporting - What Does It Mean for Standard Setting? at the 44th Annual Congress of the European Accounting Association (EAA) in Bergen, Norway - 13 May 2022 (from 11:00 to 12:30).
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02/05/2022 - EFRAG Update April 2022
The April 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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02/05/2022 - EFRAG Endorsement Status Report - Update
The ARC vote by written procedure on the amendments to IFRS 17 Initial Application of IFRS 17 and IFRS 9 - Comparative Information is now reflected in the EFRAG Endorsement Status Report.
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02/05/2022 - EFRAG's Feedback Statement on the IASB Exposure Draft ED/2021/10 Supplier Finance Arrangements
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29/04/2022 - EFRAG public consultation deadline is approching
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29/04/2022 - EFRAG's Feedback Statement on the IASB Exposure Draft ED/2021/9 Non-current Liabilities with Covenants
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29/04/2022 - EFRAG's Recommendations and Feedback Statement on Accounting for Crypto-Assets (Liabilities)
The Recommendations and Feedback Statement summarises the main comments received by EFRAG on its Discussion Paper - Accounting for Crypto-Assets (Liabilities) (the 'EFRAG DP') and includes EFRAG's recommendations for developing IFRS requirements for crypto-assets (liabilities).
The Recommendations and Feedback Statement can be accessed here. -
28/04/2022 - EFRAG thanks the PTF-ESRS for its tremendous work on the EDs Draft ESRS
The PTF-ESRS held its last plenary meeting on 25 and 26 April and handed over its Exposure Drafts to the EFRAG SR TEG and EFRAG SRB. The public consultation for the Exposure Drafts will be launched soon with a deadline of 8 August.
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27/04/2022 - Fourth meeting of the EFRAG Sustainability Reporting Board
EFRAG announces that it will hold its fourth EFRAG Sustainability Reporting Board webcast meeting on Thursday 28 April 2022. To watch the live webcast please click here.
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25/04/2022 - EFRAG welcomes its new Sustainability Reporting Technical Expert Group
The EFRAG Sustainability Reporting Board has appointed the members of the EFRAG Sustainability Reporting Technical Expert Group (EFRAG SR TEG). This completes the main steps of integrating the EFRAG Sustainability Reporting Pillar in the EFRAG structure.
Read the full press release here.
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21/04/2022 - Third meeting of the EFRAG Sustainability Reporting Board
EFRAG announces that it will hold its third EFRAG Sustainability Reporting Board webcast meeting on Friday 22 April 2022. To watch the live webcast please click here.
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21/04/2022 - EFRAG's Draft Letter on the IFRS IC's Tentative Agenda Decisions in the final phase of implementing IFRS 17 Insurance Contracts
EFRAG has published a Draft Letter on the IFRS IC's Tentative Agenda Decisions in the final phase of implementing IFRS 17 Insurance Contracts and seeks constituents' views on the letter. Comments are requested by 17 May 2022. The Draft Letter is available here.
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20/04/2022 - Save the date: 30 May 2022 – EFRAG outreach event «Better Information on Intangibles – What’s next?»
EFRAG is hosting an event on Monday 30 May 2022 12:00 – 14:30 (Brussels time) to discuss the next steps on intangibles from a broader perspective. Download the "Save the date" and register here.
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19/04/2022 - EFRAG Administrative Board webcast meeting 20 April 2022
EFRAG announces that it will hold a public session of the Administrative Board webcast meeting on Wednesday 20 April 2022. To watch the live webcast please click here.
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15/04/2022 - EFRAG's Feedback Statement on Subsidiaries without Public Accountability - Disclosures
The Feedback Statement summarises the main comments received by EFRAG on its Draft Comment Letter to the IASB Exposure Draft ED/2021/7 Subsidiaries without Public Accountability: Disclosures (the 'ED') and explains how those comments were considered by EFRAG during its technical discussions leading to the publication of EFRAG’s Final Comment Letter.
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12/04/2022 - Second EFRAG Sustainability Reporting Board webcast meeting 13 April 2022
EFRAG announces that it will hold its second EFRAG Sustainability Reporting Board webcast meeting on Wednesday 13 April 2022. To watch the live webcast please click here.
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11/04/2022 - EFRAG FR TEG webcast meeting 12-13 April 2022
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11/04/2022 - Joint EFRAG FR TEG - User Panel meeting 12 April 2022
EFRAG announces that it will hold its joint EFRAG TEG-User Panel webcast meeting on Tuesday 12 April 2022. To watch the webcast please register here.
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01/04/2022 - EFRAG FR Board webcast meeting 4 April 2022
EFRAG announces that it will hold its EFRAG FR Board webcast meeting on Monday 4 of April 2022. To watch the live webcast please click here.
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01/04/2022 - EFRAG Update March 2022
The March 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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31/03/2022 - Open call for tenders to assist EFRAG in its cost-benefit analysis of draft European Sustainability Reporting Standards
EFRAG has issued today an open call for tenders to assist EFRAG in the cost-benefits analysis of the first set of European Sustainability Reporting Standards (ESRS).
Tenders, which should include a completed and signed Information Form and all the information specifically requested in the call for tenders, should be sent to EFRAG at call.for.tender@EFRAG.ORG no later than Thursday 28 April 2022 18.00 hrs Brussels time.
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30/03/2022 - Three key steps for EFRAG’s Sustainability reporting pillar before the end of April
In the context of the letter received from Commissioner McGuinness in May 2021, EFRAG is happy to report on three key achievements to be completed by the end of April 2022:
- The organisation of its Sustainability reporting pillar;
- The finalisation of a first set of exposure drafts; and
- The launch of the public consultation on the exposure drafts.
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30/03/2022 - First EFRAG Sustainability Reporting Board webcast meeting 31 March 2022
EFRAG announces that it will hold its first EFRAG Sustainability Reporting Board webcast meeting on Thursday, 31 March 2022. To watch the live webcast please click here.
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30/03/2022 - EFRAG issues its Due Process Procedures for Sustainability Reporting Standard Setting
EFRAG is pleased to inform stakeholders about a major development in its governance reform with the publication of the Due Process Procedures for Sustainability Standard-Setting (the DPP). The provisions contained in the DPP apply to the preparation of draft EU sustainability reporting standards by EFRAG.
EFRAG is also publishing a Feedback Statement explaining how the feedback received from the 2021 public consultation on the DPP was considered.
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29/03/2022 - EFRAG's final comment letters on the IASB'S exposure drafts on Non-Current Liabilities with Covenants and Supplier Finance Arrangements
EFRAG has published its comment letters in response to the IASB's Exposure Drafts ED/2021/9 Non-Current Liabilities with Covenants and ED/2021/10 Supplier Finance Arrangements (the EDs). In the EDs, the IASB proposes to clarify the classification of liabilities with covenants as non-current versus current and to enhance the transparency of reporting for supplier finance arrangements and their effects on an entity’s liabilities and cash flows. Please find the comment letter on ED/2021/09 Non-Current Liabilities with Covenants here and the one on ED/2021/10 Supplier Finance Arrangements here.
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25/03/2022 - EFRAG publishes today the last PTF-ESRS Cluster Working Paper
As part of the due process during the project mode EFRAG publishes the last PTF-ESRS Cluster Working Paper: ESRS G2 Products and services, management and quality of relationships with business partners.
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25/03/2022 - Job opportunities - EFRAG sustainability reporting technical staff
EFRAG has open positions for the sustainability reporting standard-setting work:
Permanent sustainability reporting technical staff in Brussels on a full time basis to work on the development of draft EU sustainability reporting standards. Read the full job description here.
Secondments in kind, ideally on a full-time basis but at a minimum, 50% part-time. EFRAG is asking for such secondments till the end of 2022 (and beyond). They would be part of the technical staff supporting the sustainability reporting standard-setting work. Read the full job description here.
Appy by 31 March 2022.
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25/03/2022 - EFRAG Endorsement Status Report - Update
The ARC vote on the Amendments to IAS 12 Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction is now reflected in the EFRAG Endorsement Status Report.
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25/03/2022 - Programme for the 29 March 2022 - Joint EFRAG and EFFAS webinar on users' guidelines for better information on intangibles
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22/03/2022 - EFRAG seeks input from users and preparers on the effects of IFRS 15 on revenue recognition
Users and preparers are requested to provide input to an academic study on the effects of IFRS 15 Revenue from Contracts with Customers. The study will be important for EFRAG's work related to the IASB's Post-implementation Review of IFRS 15. Input can be provided by completing this survey.
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18/03/2022 - EFRAG publishes today the next PTF-ESRS Cluster Working Paper
As part of the due process during the project mode EFRAG publishes the next PTF-ESRS Cluster Working Paper: Working Paper ESRS 1 General Provisions and its cover note.
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18/03/2022 - EFRAG FR TEG webcast meeting 22-23 March 2022
EFRAG announces that it will hold its EFRAG FR TEG webcast meeting on Tuesday 22 and Wednesday 23 March 2022. To watch the webcast please register here.
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17/03/2022 - EFRAG FR TEG-CFSS webcast meeting 22 March 2022
EFRAG announces that it will hold its EFRAG FR TEG-CFSS webcast meeting on Tuesday 22 March 2022. To watch the webcast please register here.
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16/03/2022 - EFRAG welcomes two new members in its Financial Reporting Board
EFRAG welcomes two new members in its Financial Reporting Board. For Sweden, Fredrik Walmeus is replacing Anders Ullberg who has taken up his new role as EFRAG Administrative Board member and for France, Marie Seiller is replacing Patrick de Cambourg who was appointed as EFRAG Sustainability Reporting Board member.
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14/03/2022 - EFRAG publishes today the next set of PTF ESRS cluster working papers
As part of the due process during the project mode EFRAG publishes the next set of PTF ESRS Cluster Working Papers.
Included in this set is the Cluster Working Paper on ESRS S2 Own Workforce-Working Conditions, ESRS S3 Own Workforce- Equal opportunities, ESRS G1 Governance, risk management and internal control, ESRS G3 Business conduct. -
10/03/2022 - EFRAG welcomes its new Sustainability Reporting Board
EFRAG is glad to report on the progress of its governance reform heading to the target date of 31 March 2022:
- EFRAG announces the composition of its EFRAG Sustainability Reporting Board
- EFRAG welcomes General Electric (GE) as Friends of EFRAG – Sustainability Reporting
- EFRAG announces the next steps to complete its governance reform by the target date of the end of March.
Read the full press release here. - EFRAG announces the composition of its EFRAG Sustainability Reporting Board
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08/03/2022 - Come to work in Brussels : EFRAG seeks a financial reporting technical manager
EFRAG is looking for a technical manager with IFRS experience on a full time basis to join our financial reporting team in Brussels.
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04/03/2022 - Efrag's Feedback Statement on Disclosure Requirements in IFRS Standards - A Pilot Approach
The Feedback Statement summarises constituents' feedback on EFRAG's Draft Comment Letter relating to the IASB's Exposure Draft 2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach (the 'ED') and explains how EFRAG considered this feedback in developing its Final Comment Letter.
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04/03/2022 - Join EFRAG’s permanent Sustainability Reporting Technical Staff
EFRAG is looking for sustainability reporting professionals interested to join the EFRAG sustainability reporting technical staff to work in the EFRAG offices in Brussels on a full time basis on the development of draft European sustainability reporting standards. Read the full job description here and apply by 31 March 2022.
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04/03/2022 - Secondments in kind to support EFRAG’s sustainability reporting standard-setting activities
EFRAG is looking for additional secondments in kind, ideally on a full-time basis but at a minimum, 50% part-time. EFRAG is asking for such secondments till the end of 2022 (and beyond). They would be part of the technical staff supporting the sustainability reporting standard-setting work. Read the full job description here and apply by 31 March 2022.
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03/03/2022 - EFRAG publishes today the next set of PTF ESRS Cluster Working Papers
As part of the due process during the project mode EFRAG publishes the next set of PTF ESRS Cluster Working Papers.
Included in this set is the Cluster Working Paper on ESRS P1 on Sustainability Statements, ESRS S1 on Own workforce – General, ESRS S4 on Own workforce – Other work-related rights, ESRS S5 on Workers in the value chain, ESRS S6 on Affected communities, ESRS S7 on End-users / consumers, ESRS E4 on biodiversity and ecosystems.
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03/03/2022 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IAS 1 on disclosure of accounting policies and IAS 8 on definition of accounting estimates are now reflected in the Endorsement Status Report.
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02/03/2022 - Deadline extensions for questionnaires related to Supplier Finance Arrangements and Non-Current Liabilities with Covenants
EFRAG invites users and preparers to complete either or both of its online questionnaires on Non-Current Liabilities with Covenants (IAS 1) and Supplier Finance Arrangements (SFA). Both projects aim to improve financial reporting of liquidity risks. Please find the Non-Current Liabilities with Covenants questionnaire for users or preparers here and the Supplier Finance Arrangements questionnaire for preparers here. EFRAG extends the deadline for the surveys until 9 March 2022 and reminds of the end of comment period to send comment letters for both IAS 1 and SFA.
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01/03/2022 - EFRAG Update February 2022
The February 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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28/02/2022 - EFRAG FR Board webcast meeting 2 March 2022
EFRAG announces that it will hold its EFRAG FR Board webcast meeting on Wednesday 2 March 2022. To watch the live webcast please click here.
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25/02/2022 - EFRAG publishes today the next set of PTF ESRS Cluster Working Papers
As part of the due process during the project mode EFRAG publishes the next set of PTF ESRS Cluster Working Papers.
Included in this set is the Cluster Working Paper on ESRS SEC1 Sector classification standard.
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25/02/2022 - EFRAG's Final Comment Letter on the IASB ED Subsidiaries without Public Accountability: Disclosures
EFRAG has published its Final Comment Letter in response to the IASB's Exposure Draft ED/2021/7 Subsidiaries without Public Accountability: Disclosures. In the ED, the IASB proposes that eligible subsidiaries can provide reduced disclosure requirements together with the recognition, measurement and presentation requirements in IFRS Standards.
In addition, EFRAG has issued a Summary of the inputs received from preparers that includes the feedback received from EFRAG's survey "Would you prefer less disclosures for subsidiaries? and a Briefing prepared by the EFRAG Secretariat focused on the compatibility of the Accounting Directive 2013/34/EU with the IASB's ED.
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25/02/2022 - EFRAG Administrative Board webcast meeting 28 February 2022
EFRAG announces that it will hold its first public session of the EFRAG Administrative Board on Monday 28 February 2022.
To watch the live webcast please click here. -
24/02/2022 - Save the date: 29 March 2022 - Joint EFRAG and EFFAS webinar on users' directions for better information on intangibles
EFRAG and EFFAS are hosting an online webinar on Tuesday 29 March 2022 12:00 - 14:30 (Brussels time) to discuss users’ directions for better information on intangibles. Download the "Save the date" and register here.
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23/02/2022 - REMINDER-EFRAG calls for candidates for both the Chair and the members of its Sustainability Reporting Technical Expert Group
The EFRAG Administrative Board is launching two calls for candidates for, respectively, the Chair and for the members of its EFRAG Sustainability Reporting Technical Experts Group (EFRAG Sustainability Reporting TEG).
Applications for both calls should be provided by 28 February 2022.
The full text of the two calls for candidates for the Chair and the members provides all the relevant details on how to apply. -
21/02/2022 - EFRAG's Feedback Statement on Post-Implementation Review of IFRS 9 - Classification and Measurement
The Feedback Statement summarises constituents' feedback on EFRAG's Draft Comment Letter relating to the IASB's Request for Information IFRS 9 Financial Instruments - Classification and Measurement - Post-Implementation Review and explains how EFRAG considered this feedback in developing its Final Comment Letter.
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21/02/2022 - EFRAG reappointed to Accounting Standards Advisory Forum (ASAF)
IFRS Foundation Trustees have selected EFRAG for reappointment to ASAF for the period 2022–2024.
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18/02/2022 - REMINDER - EFRAG encourages participation in its surveys on Supplier Finance Arrangements and Non-Current Liabilities
EFRAG invites users and preparers to complete either or both of its online questionnaires on Non-current Liabilities with Covenants and Supplier Finance Arrangements by 4 March 2022. Both projects aim to improve financial reporting of liquidity risks. Please find the Non-Current Liabilities with Covenants questionnaire for users or preparers here and the Supplier Finance Arrangements questionnaire for preparers here.
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18/02/2022 - EFRAG welcomes Eurosif to its sustainability reporting membership and completes the composition of the EFRAG Administrative Board
Brussels 18 February 2022: The EFRAG General Assembly has approved the admission of Eurosif and completed the composition of the EFRAG Administrative Board.
Read the complete press release here.
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18/02/2022 - EFRAG Board webcast meeting 22 February 2022
EFRAG announces that it will hold its EFRAG Board webcast meeting on Tuesday 22 Feburay 2022. To watch the live webcast please click here.
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11/02/2022 - EFRAG TEG-CFSS webcast meeting 17 February 2022
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Thursday 17 February 2022. To watch the webcast please register here.
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11/02/2022 - EFRAG TEG webcast meeting 16 February 2022
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 16 Feburary 2022. To watch the webcast please register here.
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07/02/2022 - EFRAG TEG webcast meeting 9 February 2022
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 9 February 2022. To watch the webcast please register here.
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02/02/2022 - Comment on EFRAG’s Discussion Paper: Better Information on Intangibles – Which is the best way to go?
To stimulate the debate on EFRAG’s Discussion Paper Better Information on Intangibles – Which is the best way to go? EFRAG has made it possible to provide comments by means of an electronic survey. Comments to the Discussion Paper are requested by 30 June 2022.
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01/02/2022 - EFRAG's Feedback Statement on Management Commentary
The Feedback Statement summarises constituents' feedback on EFRAG's Draft Comment Letter relating to the IASB Exposure Draft 2021/06 Management Commentary and explains how EFRAG considered this feedback in developing its Final Comment Letter.
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01/02/2022 - EFRAG's endorsement advice on Initial Application of IFRS 17 and IFRS 9 – Comparative Information (Amendment to IFRS 17)
EFRAG has completed its due process regarding Initial Application of IFRS 17 and IFRS 9 – Comparative Information (Amendment to IFRS 17) and has submitted its Endorsement Advice Letter to the European Commission.
The Endorsement Advice Letter to the European Commission can be found here.
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01/02/2022 - EFRAG asks for your views on Classification of Liabilities with Covenants and Supplier Finance Arrangements
EFRAG invites constituents to complete either or both of its online questionnaires on Non-current Liabilities with Covenants and Supplier Finance Arrangements by 4 March 2022. Both projects aim to improve reporting of liquidity risks. Please find the Non-Current Liabilities with Covenants questionnaire here and the Supplier Finance Arrangements questionnaire here.
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01/02/2022 - EFRAG Update January 2022
The January 2022 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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28/01/2022 - EFRAG's Final Comment letter in response to the IASB Request for Information on the Post-implementation Review of IFRS 9 - Classification and Measurement
EFRAG has published its Final Comment Letter ('FCL') in response to the IASB request for information as a part of the Post-implementation Review ('PIR') of the classification and measurement requirements of IFRS 9 Financial Instruments.
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27/01/2022 - EFRAG calls for candidates for both the Chair and the members of its Sustainability Reporting Technical Expert Group
The EFRAG Administrative Board is launching two calls for candidates for, respectively, the Chair and for the members of its EFRAG Sustainability Reporting Technical Experts Group (EFRAG Sustainability Reporting TEG)..
Applications for both calls should be provided, at the latest, by 28 February 2022.
The full text of the two calls for candidates for the Chair and the members provide all the relevant details on how to apply.
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27/01/2022 - EFRAG Comment Letter on ED/2021/3 Disclosure Requirements in IFRS Standards - A Pilot Approach
EFRAG has published its comment letter on ED/2021/3 Disclosure Requirements in IFRS Standards - A Pilot Approach (Proposed Amendments to IFRS 13 and IAS 19) (‘The ED’).
The comment letter can be found here.A summary of the findings from the extensive outreach conducted by EFRAG is provided in the Annex to the Comment Letter. -
26/01/2022 - EFRAG’s call for candidates for its Sustainability Reporting Board
The EFRAG Administrative Board is launching a call for candidates for the EFRAG Sustainability Reporting Board.
Candidates can only be nominated by EFRAG Member Organisations. Individuals interested in joining the EFRAG Sustainability Reporting Board should contact the EFRAG Member Organisation(s) that represents their interests.
Nominations for membership should be provided at the latest by 10 February 2022.
The full text of the call for applicants provides all the relevant details on how to apply.
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25/01/2022 - EFRAG welcomes thirteen new member organisations in sustainability reporting
EFRAG is glad to announce milestones in its governance reform relating to the integration of the sustainability pillar in its structure. EFRAG welcomes the membership of thirteen organisations with an interest in sustainability reporting.
Read the complete press release here.
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24/01/2022 - Joint EFRAG Board-TEG webcast meeting on 26 January 2022
EFRAG announces that it will hold its EFRAG Board-TEG webcast meeting on Wednesday 26 January 2022. To watch the live webcast please click here.
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24/01/2022 - EFRAG Board webcast meeting 26 January 2022
EFRAG announces that it will hold its EFRAG Board webcast meeting on Wednesday 26 January 2022. To watch the live webcast please click here.
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21/01/2022 - EFRAG's Draft Comment Letter on the IASB's ED/2021/9 Non-Current Liabilities with Covenants
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft 2021/9 IAS 1 Non-Current Liabilities with Covenants (ED). Comments can be submitted until 9 March 2022.
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20/01/2022 - EFRAG TEG webcast meeting 24 January 2022
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Monday 24 January 2022. To watch the webcast please register here.
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18/01/2022 - EFRAG seeks a financial reporting technical manager
EFRAG is looking for a technical manager with IFRS experience on a full time basis to join our financial reporting team in Brussels.
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18/01/2022 - EFRAG draft comment letter on Supplier Finance Arrangements
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2021/10 Supplier Finance Arrangements and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 9 March 2022.
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17/01/2022 - Change in the EFRAG TEG composition
The new EFRAG Financial Reporting TEG (EFRAG FR TEG) composition has been approved by the EFRAG Financial Reporting Board (EFRAG FR Board).
EFRAG FR TEG will welcome two new members: Carmen Barrasa and Aranzazu Leo Abad, effective from 1 April 2022. The EFRAG FR TEG Chairwoman, Chiara Del Prete, has been reappointed for a second term. Jens Berger will replace Nicklas Grip from 1 April 2022 as EFRAG FR TEG Vice-Chair.
Four EFRAG FR TEG members have been reappointed: Emmanuelle Guyomard, Erlend Kvaal, David Procházka and Christoph Schauerte.
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17/01/2022 - EFRAG TEG webcast meeting 18-19 January 2022
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 18 and Wednesday 19 January 2022. To watch the webcast please register here.
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14/01/2022 - SUMMARY REPORT – EFRAG BusinessEurope IASB Joint webinar: Future of IFRS disclosure requirements: What we learnt from the field test with European preparers
EFRAG has issued a summary report of the EFRAG BusinessEurope IASB joint webinar 'Future of IFRS disclosure requirements: What we learnt from the field test with European preparers' on 10 December 2021'. At the event, field test participants shared their fieldwork experience on the IASB ED Disclosure Requirements in IFRS Standards—A Pilot Approach.
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12/01/2022 - EFRAG extends the deadline for its survey: Would you prefer less disclosures for subsidiaries?
EFRAG is inviting preparers of financial statements (parents and subsidiaries) to participate in a survey on the IASB Exposure Draft Subsidiaries without Public Accountability: Disclosures. The deadline of this survey has now been extended to 20 January 2022.
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10/01/2022 - EFRAG Board webcast meeting 14 January 2022
EFRAG announces that it will hold its EFRAG Board webcast meeting on Friday 14 January 2022. To watch the live webcast please click here.
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05/01/2022 - EFRAG TEG Chairwoman Chiara Del Prete appointed as IFASS Chair from March following the nomination by EFRAG
EFRAG has been granted the Chairmanship of International Forum of Accounting Standard Setters (IFASS) with EFRAG TEG Chairwoman, Chiara Del Prete, being the new IFASS Chair succeeding Yasunobu Kawanishi, for the March 2022 - March 2024 period.
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03/01/2022 - EFRAG Update December 2021
The December 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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21/12/2021 - Next possibility to join the EFRAG membership -sustainability reporting pillar
EFRAG’s next General Assembly meeting in which new member organisations can admitted takes place on 21January 2022. Expressions of interest received by 14 January 2022 will be in time to be considered. Applications at a later stage will also be welcome!
EFRAG invites all organisations, including civil society, to join its new sustainability reporting pillar. Read the call for expressions of interest and the briefing note on who qualifies for EFRAG membership.
In the proposal for a CSRD, EFRAG is the technical advisor to the EC preparing draft European sustainability reporting standards. Commissioner McGuinness invited EFRAG to reform its governance integrating sustainability activities and a wide range of stakeholders in its governance bodies with an interest in sustainability reporting.
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21/12/2021 - To joyful holidays and a happy New Year!
The EFRAG Team wishes you happy holidays and a successful New Year.
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17/12/2021 - EFRAG’s feedback statement on the field testing of the IASB’s ED Disclosure Requirements in IFRS Standards - A Pilot Approach
EFRAG has issued a feedback statement that summarises the findings from the field testing conducted with preparers, on the proposals in the IASBs Exposure Draft ("ED") Disclosure Requirements in IFRS Standards& - Pilot Approach (Proposed amendments to IFRS 13 and IAS 19).
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17/12/2021 - EFRAG looks forward to cooperation with Emmanuel Faber, the new ISSB Chair in a co-construction spirit
EFRAG welcomes the nomination of Emmanuel Faber as Chair of the International Sustainability Standards Board (ISSB) and looks forward to cooperation in the sustainability reporting standard-setting field in a co-construction spirit.
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17/12/2021 - EFRAG TEG webcast meeting 21-22 December 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 21 and Wednesday 22 December 2021. To watch the webcast please register here.
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15/12/2021 - EC Calls for applications for the EFRAG Sustainability Reporting Board and the EFRAG Financial Reporting Board
The European Commission is calling for candidates for the Chairs of the EFRAG Reporting Boards and has issued two calls for applications for the positions of Chair of the EFRAG Financial Reporting Board and Chair of the EFRAG Sustainability Reporting Board.
In its calls for candidates (Financial Reporting – Sustainability Reporting), the European Commission sets out the requirements for the positions and describes the application and selection procedures. Applications should be submitted by email to FISMA-C1@ec.europa.eu no later than 12h00 (mid-day) Brussels time on 1/02/2022.
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10/12/2021 - REMINDER | Please provide input to EFRAG’s survey: Would you prefer less disclosures for subsidiaries?
EFRAG would like to remind preparers of financial statements (parents and subsidiaries) of the opportunity to participate in a survey on the IASB Exposure Draft Subsidiaries without Public Accountability published in July 2021.
Preparers are asked to complete the online survey for parents or subsidiaries by 7 January 2022.
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10/12/2021 - EFRAG Endorsement Status Report - Update
The Endorsement Status Report now reflects the publication of Initial Application of IFRS 17 and IFRS 9 - Comparative Information by the IASB on 9 December 2021.
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09/12/2021 - EFRAG Secretariat Briefing: An EU Perspective on the IASB’s proposed scope for Subsidiaries without Public Accountability
The EFRAG Secretariat has issued a Briefing to stimulate debate within Europe and clarify the IASB's discussions on Subsidiaries without Public Accountability: Disclosures. The views expressed in this Briefing are tentative and reflect the EFRAG Secretariat's understanding of how the IASB's proposals might be applied in the EU. More specifically, the Briefing provides an EU Perspective on the IASB's proposed scope.
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07/12/2021 - WEBINAR SUMMARY REPORT & RECORDINGS – Insights on reporting the business model, sustainability risks and opportunities
The summary report of the European Lab @ EFRAG webinar: Insights on reporting the business model, sustainability risks and opportunities, held on 3 November 2021, as well as the recordings of the event are now available.
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07/12/2021 - PROGRAMME | EFRAG BusinessEurope IASB Joint webinar: Future of IFRS disclosure requirements: What we learnt from the field test with European preparers – 10/12/2021
Read now the programme for the outreach event: Future of IFRS disclosure requirements: What we learnt from the field test with European preparers. Field test participants will share their fieldwork experience on the IASB ED Disclosure Requirements in IFRS Standards—A Pilot Approach. Register now.
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03/12/2021 - EFRAG's Final Comment Letter on ED/2021/6 Management Commentary
EFRAG has published its Final Comment Letter in response to the IASB's exposure draft Management Commentary.
EFRAG's Final Comment Letter can be found here.
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03/12/2021 - Who qualifies for EFRAG membership? How can you contribute to EFRAG’s work on preparing draft EU sustainability reporting standards?
On 16 November 2021, EFRAG issued a call for expressions of interest in EFRAG membership focusing on EFRAG’s sustainability reporting activities to ensure a balanced representation of all relevant stakeholders. The call triggered a number of questions in relation to timing, process and who qualifies for EFRAG membership. With this briefing note, we hope to clarify a number of issues.
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01/12/2021 - EFRAG’S Endorsement Advice on Deferred Tax Related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12)
EFRAG has completed its due process regarding Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12) and has submitted its Endorsement Advice Letter to the European Commission.
The Endorsement Advice Letter to the European Commission can be found here. -
01/12/2021 - EFRAG Update November 2021
The November 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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26/11/2021 - SAVE THE DATE | EFRAG BusinessEurope IASB joint event: Future of IFRS disclosure requirements: What we learnt from the field test with European preparers – 10/12/21
Save the date for the EFRAG BusinessEurope IASB joint event ‘Future of IFRS disclosure requirements: What we learnt from the field test with European preparers’ to be held on Friday 10 December 2021, from 9:00 to 12:00 (CET). Register now.
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23/11/2021 - EFRAG's Feedback Statement on the IASB Discussion Paper DP/2020/2 Business Combinations under Common Control
EFRAG has published its Feedback Statement related to its Comment Letter on the IASB Discussion Paper DP/2020/2 Business Combinations under Common Control.
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23/11/2021 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of IFRS 17 Insurance Contracts including the 2020 amendments is now reflected in the Endorsement Status Report.
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22/11/2021 - Proposed Due Process Procedures for EU Sustainability Reporting Standard Setting– Summary of the comments received
Following the public consultation on the Proposed Due Process Procedures for EU Sustainability Reporting Standard Setting, EFRAG publishes today an aggregation of the comments received in a summary report together with messages from the EFRAG Board President, Jean-Paul Gauzès, addressing the due process during the interim work, the transition to the new governance structure, the due process of EFRAG’s financial reporting pillar and the cooperation with global sustainability reporting standard setters and initiatives.
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22/11/2021 - EFRAG TEG webcast meeting 24-25 November 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 24 and Thursday 25 November 2021. To watch the webcast please register here.
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19/11/2021 - EFRAG TEG-CFSS webcast meeting 24 November 2021
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Wednesday 24 November 2021. To watch the webcast please register here.
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17/11/2021 - EFRAG's Feedback Statement on the IASB's Exposure Draft ED/2021/8 Initial Application of IFRS 17 and IFRS 9 - Comparative Information (Proposed amendment to IFRS 17)
EFRAG has published its Feedback Statement related to its Final Comment Letter on the IASB Exposure Draft ED/2/2021/8 Initial Application of IFRS 17 and IFRS 9 - Comparative Information (Proposed amendment to IFRS 17).
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16/11/2021 - EFRAG sustainability reporting pillar - call for expressions of interest for EFRAG membership
In the proposal for a CSRD, EFRAG is the technical advisor to the EC preparing draft European sustainability reporting standards. Commissionner McGuinness invited EFRAG to reform its governance integrating the sustainability activities and a wide range of stakeholders in its governance bodies with an interest in sustainability reporting. EFRAG is now launching a call for expressions of interest for EFRAG membership, and invite all organisations including civil society to join its new sustainability reporting pillar. Expressions of interest are welcome by 8 December 2021.
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16/11/2021 - PTF-ESRS: On track to meet ambitious timeline, five months into the drafting of European sustainability reporting standards (ESRS)
Following the request from the European Commission to start technical work building on the recommendations of the PTF-NFRS, EFRAG is making substantial progress in developing draft European sustainability reporting standards, while reforming its governance structure. Read the full status report here.
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15/11/2021 - EFRAG Board webcast meeting 18 November 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 18 November 2021. To watch the live webcast please click here.
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08/11/2021 - EFRAG’s Draft Comment Letter in response to the IASB Request for Information on the Post-implementation Review of IFRS 9 - Classification and Measurement
EFRAG has published its Draft Comment Letter (DCL) in response to the IASB request for information as a part of the Post-implementation Review (‘PIR’) of the classification and measurement requirements of IFRS 9 Financial Instruments and seeks constituents' views on how the IFRS 9 is working in practice.
Comments on the Draft Comment Letter are requested by 14 January 2022. -
08/11/2021 - EFRAG survey: would you prefer less disclosures for subsidiaries?
EFRAG is inviting preparers of financial statements (parents and subsidiaries) to participate in a survey on the IASB Exposure Draft Subsidiaries without Public Accountability: Disclosures published in July 2021. Preparers are asked to complete an online survey for parents and subsidiaries by 7 January 2022.
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08/11/2021 - SAVE THE DATE – Webinar on an academic study on the production and consumption of information on intangibles - 30 November 2021
On 30 November 2021, during a public webinar starting at 15:00 (CET), an academic team will present a research project on intangibles jointly supported by EFFAS, EFRAG and ICAS.
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05/11/2021 - Appointed – Members of the Expert Working Groups to provide input on the drafting of European sustainability reporting standards
Announcement of the composition of the eleven Expert Working Groups (EWGs) with expertise and experience on sustainability matters, to provide input for the development of draft European sustainability reporting standards. See full press release.
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05/11/2021 - IASB & EFRAG @AFRAC 2021 Webinar: Latest information on IFRS and EU developments – 8 November 2021
Stakeholders are invited to join the IASB & EFRAG @AFRAC 2021 webinar ‘Latest information on IFRS and EU developments’– to be held on 8 November, from 8:45 to 13:00 (CET). The event will mainly be held in English. Register now at office@afrac.at.
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02/11/2021 - EFRAG's Feedback Statement on IASB ED Lack of Exchangeability
EFRAG releases its Feedback Statement related to its Final Comment Letter on the IASB Exposure Draft 2021/04 Lack of Exchangeability.
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29/10/2021 - REMINDER | Webinar on insights on reporting the business model, sustainability risks and opportunities | 3 November 10:00 to 11:00 (CET)
Register now for the webinar to be held by EFRAG regarding providing insights on reporting the business model, sustainability risks and opportunities, on Wednesday 3 November 2021, from 10:00 to 11:00 (CET). Read the programme here.
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29/10/2021 - EFRAG Update October 2021
The October 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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27/10/2021 - EFRAG Board webcast meeting 2 November 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Tuesday 2 November 2021. To watch the live webcast please click here.
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27/10/2021 - EU Sustainability Reporting Standards and the Future of Sustainability Reporting – EC side event to COP26 – 4 November 2021
On Thursday 4 November EFRAG welcomes its participation at a European Commission side event to COP 26. This event will start at 18:30 (CET) and will focus on the EC proposal for a CSRD and EFRAG’s work on EU sustainability reporting standards. Register here.
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26/10/2021 - EFRAG PODCAST – How can technology help improve sustainability reporting?
Listen to the latest EFRAG podcast related to the European Lab Project Task Force on the reporting of non-financial risks and opportunities and the linkage to the business model (PTF-RNFRO) report: Towards Sustainable Businesses: Good Practices in Business Model, Risks and Opportunities Reporting in the EU and Supplementary Document: Good Reporting Practices. This third and final episode on the report highlights the current and potential role of technology in sustainability reporting.
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21/10/2021 - Summary report and recordings - EFRAG DI FSR IASB Public webinar - Disclosure requirements in IFRS Standards
The summary report of EFRAG's DI FSR IASB Public webinar: Disclosure requirements in IFRS Standards – Perspectives from Denmark, held on 5 October 2021, as well as the recordings of the event are now available.
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20/10/2021 - Summary report – Joint Webinar: Business Combinations Under Common Control – Italian Perspectives
Following the successful public joint webinar on Business Combinations Under Common Control, held on 14 June 2021 with the OIC and the IASB, EFRAG has issued a summary report. In this webinar, Italian and European stakeholders expressed their views on the IASB's Discussion Paper and EFRAG’s draft comment letter.
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19/10/2021 - EFRAG PODCAST - Good practices in reporting the business model, sustainability risks and opportunities 2/3
Listen to the EFRAG podcast providing insights on the identified good reporting practices listed by the European Lab Project Task Force on the reporting of non-financial risks and opportunities and the linkage to the business model (PTF-RNFRO) in its report: Towards Sustainable Businesses: Good Practices for Business Model, Risk and Opportunities, Reporting in the EU and Supplementary Document: Good Reporting Practices.
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19/10/2021 - PROGRAMME | Webinar on insights on reporting the business model, sustainability risks and opportunities | 3 November 10:00 to 11:00 (CET)
Read now the programme for the webinar to be held by EFRAG regarding insights on reporting the business model, sustainability risks and opportunities, on Wednesday 3 November 2021, from 10:00 to 11:00 (CET). Register now.
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18/10/2021 - EFRAG TEG webcast meeting 20-21 October 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 20 and Thursday 21 October 2021. To watch the webcast please register here.
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12/10/2021 - EFRAG PODCAST - Good practices in reporting the business model, sustainability risks and opportunities
Listen to the latest EFRAG podcast , providing insights on the European Lab Project Task Force on the reporting of non-financial risks and opportunities and the linkage to the business model (PTF-RNFRO) report : Towards Sustainable Businesses: Good Practices for Business Model, Risk and Opportunities, Reporting in the EU and Supplementary Document: Good Reporting Practices, published on 4 October 2021.
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11/10/2021 - EFRAG Final Comment Letter on the IASB Agenda Consultation
EFRAG has published its Comment Letter on the IASB's Third Agenda Consultation Request for Information. It provides EFRAG's views on the projects the IASB should prioritise in its work plan for 2022 to 2026.
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11/10/2021 - EFRAG's Feedback Statement on Regulatory Assets and Regulatory Liabilities
The Feedback Statement summarises the main comments received by EFRAG on its Draft Comment Letter and effects analysis outreach on the IASB Exposure Draft 2021/01 Regulatory Assets and Regulatory Liabilities and explains how EFRAG considered the comments during its technical discussions leading to its Final Comment Letter. The Feedback Statement is available here.
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11/10/2021 - EFRAG's comment letter on the IASB's Discussion Paper DP/2020/2 Business Combinations under Common Control
EFRAG has published its comment letter in response to the IASB's Discussion Paper DP/2020/2 Business Combinations under Common Control. EFRAG welcomes the IASB's Discussion Paper and the IASB efforts to explore possible reporting requirements for business combinations under common control that would reduce diversity in practice and provide more relevant and comparable information.
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11/10/2021 - EFRAG PTF ESRS Expert Working Groups - Large number of applications received
EFRAG received an unprecedently large number of applications in response to the call for candidates for the expert working groups to provide input on the drafting of sustainability reporting standards.
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08/10/2021 - EFRAG's final comment letter on the IASB's Exposure Draft ED/2021/8 Initial Application of IFRS 17 and IFRS 9 - Comparative Information (Proposed amendment to IFRS 17)
EFRAG has published its final comment letter in response to the IASB's Exposure Draft ED/2021/8 Initial Application of IFRS 17 and IFRS 9 - Comparative Information (Proposed amendment to IFRS 17).
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07/10/2021 - SAVE THE DATE | Webinar -Good practices in reporting the business model, sustainability risks and opportunities - 03/11/2021
The European Lab Project Task Force on the reporting of non-financial risks and opportunities and the linkage to the business model (PTF-RNFRO) invites you to the presentation of its report: Towards Sustainable Businesses: Good Practices for Business Model, Risk and Opportunities, Reporting in the EU and Supplementary Document: Good Reporting Practices, on Wednesday 3 November 2021, from 10:00 to 11:00 (CET). Download the Save the Date and Register now.
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07/10/2021 - Call for EFRAG TEG members– applications welcome until 25 October
EFRAG extended the deadline for the call for candidates for EFRAG TEG members to 25 October 2021.
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06/10/2021 - EFRAG Board webcast meeting 8 October 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Friday 8 October 2021. To watch the live webcast please click here.
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04/10/2021 - EFRAG Board webcast meeting 6 October 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Wednesday 6 October 2021. To watch the live webcast please click here.
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04/10/2021 - Insights on Reporting the Business Model, Sustainability Risks and Opportunities
The European Lab@EFRAG Project Task Force on the reporting of non-financial risks and opportunities and linkage to the business model (PTF RNFRO) is pleased to issue its Report: ‘Towards Sustainable Businesses: Good Practices in Business Model, Risks and Opportunities Reporting in the EU’ and supporting 'Supplementary Document: Good Reporting Practices'.
The PTF-RNFRO deliverables aim to help companies benchmark and improve their current reporting practices.
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01/10/2021 - EFRAG Update September 2021
The September 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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30/09/2021 - EFRAG's Draft Comment Letter on the IASB ED Subsidiaries without Public Accountability: Disclosures
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft 2021/7 Subsidiaries without Public Accountability: Disclosures. In the ED, the IASB proposes that eligible subsidiaries can provide reduced disclosure requirements together with the recognition, measurement and presentation requirements in IFRS Standards.
EFRAG seeks constituents' views on the proposals. Comments on the Draft Comment Letter are requested by 26 January 2022.
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28/09/2021 - Speakers announced – EFRAG DI FSR IASB public webinar - Disclosure requirements in IFRS standards
Find out more about the eminent speakers who will participate in the joint outreach event held by EFRAG in cooperation with Confederation of Danish Industry (DI), FSR – Danish Auditors and the IASB on disclosure requirements in IFRS standards, on 5 October. Read the programme and register now.
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27/09/2021 - EFRAG TEG webcast meeting 28 September 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 28 September 2021. To watch the webcast please register here.
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24/09/2021 - EFRAG - PTF ESRS Cluster 2: Climate standard prototype - Basis for Conclusions working paper
Following EFRAG's announcement on 8 September 2021, the Basis for Conclusions working paper, supporting the Climate standard prototype working paper, is now available.
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24/09/2021 - REMINDER | EFRAG TECHNICAL EXPERT GROUP (EFRAG TEG) 2022 ROTATION: Call for applicants closes on 11 October 2021
EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications.
EFRAG seeks candidates with banking specialist (banker) background and with a user background.
EFRAG strives for geographical and gender balance in the composition of EFRAG TEG.
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21/09/2021 - EFRAG seeks a financial reporting technical manager
EFRAG is looking for a technical manager with IFRS experienceto join our financial reporting team on a full time basis. Applications should be sent by 15 October 2021.
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17/09/2021 - SUMMARY REPORT & RECORDINGS - EFRAG webinar: Accounting for crypto-assets (liabilities)
The summary report of EFRAG’s webinar: Accounting for crypto-assets (liabilities), held on 6 July 2021, as well as the recordings of the event are now available.
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14/09/2021 - EFRAG Final Comment Letter on Lack of Exchangeability
EFRAG has published its Comment Letter on the IASB Exposure Draft ED/2021/4 Lack of Exchangeability. EFRAG welcomes the IASB’s efforts to address a long-standing gap in current IFRS reporting.
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14/09/2021 - SAVE THE DATE | Autumn Joint Outreach Events Disclosure Requirements in IFRS Standards
On 5 and 7 October 2021, EFRAG invites you to webinars on the IASB ED Disclosure Requirements in IFRS Standards – A Pilot Approach – Proposed Amendments to IFRS 13 and IAS 19 and IASB ED on Subsidiaries without Public Accountability: Disclosures.
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10/09/2021 - EFRAG TEG webcast meeting 15-16 September 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 15 and Thursday 16 September 2021. To watch the webcast please register here.
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10/09/2021 - EFRAG calls for an academic study and literature review on the likely developments in financial reporting
As part of its proactive research activities, EFRAG is launching a call for tender to produce a holistic assessment of IFRS Standards (strengths, weaknesses, long-term considerations, topics still to be addressed and European needs and requirements). Applications are welcome by 15 October 2021. Read the detailed call for tender here.
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10/09/2021 - EFRAG Final Comment Letter on Regulatory Assets and Regulatory Liabilities
EFRAG has published its Final Comment Letter on the IASB Exposure Draft ED/2021/1 Regulatory Assets and Regulatory Liabilities. EFRAG welcomes the IASB’s efforts to address a long-standing gap in current IFRS reporting for entities subject to rate regulation.
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09/09/2021 - Deadline approaching - Apply now for the Expert Working Groups to provide input on the drafting of sustainability reporting standards
High level candidates sought for setting up expert working groups with expertise and experience on sustainability matters, to provide input for the development of draft European sustainability reporting standards. Deadline for applications is 15 September 2021. Read the complete call for candidates here.
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09/09/2021 - EFRAG TEG-CFSS webcast meeting 15 September 2021
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Wednesday 15 September 2021. To watch the webcast please register here.
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08/09/2021 - EFRAG PTF-ESRS welcomes 'Climate standard prototype' working paper
EFRAG PTF-ESRS welcomes 'Climate standard prototype' working paper.
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08/09/2021 - EFRAG and Shift: milestone statement of cooperation
Pursuing its work towards international sustainability reporting convergence, EFRAG Project Task Force on European sustainability reporting standards (PTF-ESRS) signed a milestone Statement of Cooperation with Shift. Read the detailed press release here.
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02/09/2021 - EFRAG TEG webcast meeting 7 September 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 7 September 2021. To watch the webcast please register here.
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02/09/2021 - Joint EFRAG Board-TEG webcast meeting on 7 September 2021
EFRAG announces that it will hold its EFRAG Board-TEG webcast meeting on Tuesday 7 September 2021. To watch the live webcast please click here.
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01/09/2021 - EFRAG Update August 2021
The August 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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31/08/2021 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of the Amendments to IFRS 16 Leases - Covid19-Related Rent Concessions beyond 30 June 2021 is now reflected in the Endorsement Status Report.
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30/08/2021 - REMINDER | EFRAG Public Consultation – Due Process Procedures on EU Sustainability Reporting Standard-setting – Deadline: 15 September 2021
EFRAG is consulting on proposed Due Process Procedures stipulating the requirements to be followed in its role as technical advisor to the European Commission in the preparation of draft European Sustainability Reporting Standards (ESRS) or draft amendments of ESRS.
Comments, on all aspects of the proposals, are expected no later than 15 September 2021 and should be sent to the following email address: ESRSdueprocess@EFRAG.org. -
27/08/2021 - REMINDER | Invitation to participate in EFRAG's field-test on ED/2021/3 Disclosure Requirements in IFRS Standards (Proposed amendments to IFRS 13 and IAS 19)
EFRAG, in close coordination with EFRAG Member Organisations and other European National Standard Setters and the IASB, is conducting field-testing of the proposals in the IASB's exposure Draft Disclosure Requirements in IFRS Standards (Proposed amendments to IFRS 13 and IAS 19).
Field testing has started and will be carried out until 25 October 2021. Companies can still indicate their interest in participating in the field test by sending an email to Disclosureinitiative-pilot@efrag.org until 10 September 2021.
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27/08/2021 - EFRAG Discussion Paper: Better information on intangibles – which is the best way to go?
EFRAG has published a Discussion Paper on different possible approaches for better information on intangibles. EFRAG is asking constituents whether preparers can provide better information on intangibles, and if so, how. Comments are welcome by 30 June 2022.
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26/08/2021 - REMINDER | Joint webinar: IASB's Agenda Consultation and EFRAG's Proactive Research Agenda - 9 September 2021 16:00 to 18:00 (CET)
On 9 September 2021 (16:00 - 18:00 CET), EFRAG, Accountancy Europe, BusinessEurope, EFFAS and IASB will host a joint outreach event on the IASB's Third Agenda Consultation and EFRAG's Proactive Research Agenda. Register now.
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25/08/2021 - Experts called for working groups to provide input on the drafting of sustainability reporting standards
High level candidates sought for setting up expert working groups with expertise and experience on sustainability matters, to provide input for the development of draft European sustainability reporting standards
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24/08/2021 - Summary report – Joint Webinar: Business Combinations Under Common Control – Perspectives from Portugal
Following the successful public joint webinar on Business Combinations Under Common Control, held on 8 July 2021 with CNC, OROC and the IASB, EFRAG has issued a summary report. In this webinar, Portuguese and European stakeholders expressed their views on the IASB's Discussion Paper and EFRAG’s draft comment letter. The event recording is available here.
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20/08/2021 - REMINDER - EFRAG requests comments on its DCL on Lack of Exchangeability ED by 26 August
EFRAG requests constituents’ comments to its Draft Comment Letter on the IASB ED Lack of Exchangeability (Amendments to IAS 21) by Thursday 26 August 2021.
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05/08/2021 - EFRAG's Draft comment letter on the IASB Exposure Draft Initial Application of IFRS 17 and IFRS 9 - Comparative Information (Proposed amendment to IFRS 17)
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft Initial Application of IFRS 17 and IFRS 9 - Comparative Information (Proposed amendment to IFRS 17) and seeks constituents' views on the proposals. Comments are requested by 15 September 2021. The Draft Comment Letter is available here.
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30/07/2021 - EFRAG Update July 2021
The July 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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30/07/2021 - Summary Report - Joint EFRAG-IASB Webinar Targeted Disclosure: How it would work in practice? Blueprint for future IFRS disclosures
EFRAG has issued a summary report (here) of the EFRAG-IASB joint webinar 'Targeted Disclosure: How it would work in practice? Blueprint for future IFRS disclosures' on 30 June 2021, which addressed the proposals in the IASB's Exposure Draft Disclosure Requirements in IFRS Standards - A Pilot Approach (the 'ED'). At the event, European stakeholders with different backgrounds shared their views on the proposals in the ED and related practical issues.
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29/07/2021 - PROGRAMME | Joint webinar on IASB's Third Agenda Consultation and EFRAG's Proactive Research Agenda - 9 September 2021
On 9 September 2021 (16:00 - 18:00 - CET), EFRAG, Accountancy Europe, BusinessEurope, EFFAS and the IASB will host a joint outreach event on the IASB's Third Agenda Consultation and EFRAG's Proactive Research Agenda. Read the full programme and register now.
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28/07/2021 - EFRAG is consulting on its Draft Comment Letter in response to the IFRS Practice Statement Exposure Draft ED/2021/6 Management Commentary
EFRAG has published its Draft Comment Letter in response to the IFRS Practice Statement Exposure Draft ED/2021/6 Management Commentary (the 'ED') and seeks constituents' views on the proposals.
Comments on the Draft Comment Letter are requested by 15 November 2021, by close of business. The draft comment letter can be found here.
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27/07/2021 - EFRAG is calling for candidates for its Technical Expert Group (EFRAG TEG) for the 2022 rotation
EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG seeks candidates with banking specialist (banker) background and with a user background. EFRAG strives for geographical and gender balance in the composition of EFRAG TEG.
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27/07/2021 - EFRAG- Podcast - IASB’s future agenda and EFRAG’s proactive research agenda
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21/07/2021 - REMINDER - EFRAG requests comments on its end-of-July-deadline consultation documents.
EFRAG kindly requests constituents’ comments to its consultation documents on IASB projects on rate-regulated activities and business combination under common control and EFRAG research project on crypto-assets. These documents have forthcoming end-of-July deadlines.
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20/07/2021 - REMINDER - EFRAG requests comments on its end-of-July-deadline consultation documents.
EFRAG kindly requests constituents’ comments to its consultation documents on IASB projects on rate-regulated activities and business combination under common control and EFRAG research project on crypto-assets. These documents have forthcoming end-of-July deadlines.
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16/07/2021 - SAVE THE DATE | EFRAG, Accountancy Europe, BusinessEurope, EFFAS and IASB joint webinar- the IASB's Third Agenda Consultation and EFRAG's Proactive Research Agenda - 9 September
On 9 September 2021 (16:00 - 18:00 CET), EFRAG, Accountancy Europe, BusinessEurope, EFFAS and IASB will host a joint outreach event on the IASB's Third Agenda Consultation and EFRAG's Proactive Research Agenda. Register here.
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16/07/2021 - Reminder - Effects Analysis: EFRAG seeks input of users that analyse rate-regulated entities - please provide input by 30 July 2021
EFRAG is inviting users that analyse the financial statements of rate-regulated entities to participate in an effects analysis of the proposed Standard in the IASB Exposure Draft Regulatory Assets and Regulatory Liabilities published in January 2021. Users are asked to complete an online survey by 30 July 2021.
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16/07/2021 - Reminder - Effects analysis: EFRAG seeks input of rate-regulated entities preparers - please provide input by 30 July 2021
EFRAG is inviting preparers of financial statements of rate-regulated entities to participate in an effects analysis of the proposed Standard in the IASB Exposure Draft Regulatory Assets and Regulatory Liabilities published in January 2021. Preparers are asked to complete an online survey by 30 July 2021.
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16/07/2021 - EFRAG Endorsement Status Report - Update
The ARC vote on IFRS 17 Insurance Contracts including the Amendments is now reflected in the EFRAG Endorsement Status report.
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14/07/2021 - RECORDINGS | EAA, EFRAG ICAS joint webinar: The price of time - discounting in financial reporting - 9/07/21
Stakeholders can now watch the recordings of the EAA, EFRAG ICAS joint webinar: The price of time: discounting in fiancial reporting held on Friday 9 July. Through the event academics and experts debated the issue of discounting in financial reporting.
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14/07/2021 - Send your comments on EFRAG’s Discussion Paper: Accounting for crypto-assets (Liabilities)
EFRAG's Discussion Paper on Accounting for Crypto-Assets (Liabilities) (DP) - whose feedback will inform the ongoing IASB agenda consultation is open for consultation until 31 July 2021.
Stakeholders can provide feedback by either completing the survey (available here) or by sending a comment letter to the discussion paper.
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14/07/2021 - EFRAG seeks comments on its draft endorsement advice on Amendments to IAS 12
EFRAG is consulting on both its assessment of Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12) (‘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 30 September 2021.
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13/07/2021 - Summary report & Recordings - Good reporting practices on sustainability-related risks, opportunities, and linkage to business model– 25 May 2021
The summary report of European Lab @EFRAG webinar: Good reporting practices on sustainability-related risks, opportunities, and linkage to business model, held on 25 May 2021, as well as the recordings of the event are now available.
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13/07/2021 - New EFRAG TEG Country Liaison member for Germany
The EFRAG Board approved the appointment of Ilka Canitz, ASCG technical staff, as EFRAG TEG Country Liaison member for Germany, effective 7 July 2021.
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13/07/2021 - EFRAG welcomes Didrik Thrane-Nielsen as Project Director
EFRAG is glad to announce the appointment of Didrik Thrane-Nielsen as Project Director. Didrik started with EFRAG on 1 July 2021.
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12/07/2021 - EFRAG TEG webcast meeting 14-15 July 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 14 and Thursday 15 July 2021. To watch the webcast please register here.
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09/07/2021 - Join the EAA EFRAG ICAS joint webinar: The price of time: discounting in financial reporting – Today at 13:00 (BRUSSELS TIME)
Do not miss the EAA EFRAG ICAS joint webinar: The price of time: discounting in financial reporting, starting at 13:00 (Brussels time). Read the programme and register now.
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08/07/2021 - EFRAG & GRI landmark Statement of Cooperation
Working towards international sustainability reporting convergence, EFRAG Project Task Force on European sustainability reporting standards (PTF-ESRS) and GRI sign landmark Statement of Cooperation. Read the detailed press release here.
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08/07/2021 - EFRAG invited to contribute immediately to the elaboration of draft EU sustainability reporting standards (ESRS)
Committed to the ambitious timeline for a major step in quality sustainability reporting, EFRAG has successfully initiated the elaboration of EU sustainability reporting standards to be submitted to the European Commission. Read the detailed press release. -
08/07/2021 - EFRAG's Endorsement Advice on Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2)
EFRAG has completed its due process regarding Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) and has submitted its Endorsement Advice Letter to the European Commission.
The Endorsement Advice Letter to the European Commission can be found here.
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08/07/2021 - EFRAG's Endorsement Advice on Definition of Accounting Estimates (Amendments to IAS 8)
EFRAG has completed its due process regarding Definition of Accounting Estimates (Amendments to IAS 8) and has submitted its Endorsement Advice Letter to the European Commission.
The Endorsement Advice Letter to the European Commission can be found here.
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07/07/2021 - SUMMARY REPORT - Rate-regulated activities: regulatory assets and regulatory liabilities – Italian perspective – 6 May 2021
The summary report of the OIC IASB EFRAG joint event: Rate-regulated activities: regulatory assets and regulatory liabilities – Italian perspective, held on 6 May 2021, is now available.
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05/07/2021 - RECORDINGS | EFRAG IASB joint webinar: Targeted disclosure: how would it work in practice? Blueprint for future ifrs disclosures | 30/06/21
Watch now the recordings of the EFRAG IASB joint outreach event: Targeted disclosure: how would it work in practice? Blueprint for future IFRS disclosures. Through the event, speakers and panellists provided insights on the the IASB ED Disclosure Requirements in IFRS Standards—A Pilot Approach.
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02/07/2021 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IFRS 3 Business Combinations; IAS 16 Property, Plant and Equipment; IAS 37 Provisions, Contingent Liabilities and Contingent Assets; and Annual Improvements 2018-2020 is now reflected in the Endorsement Status Report.
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02/07/2021 - PROGRAMME | EFRAG EFFAS ABAF/BVFA IASB WEBINAR: Improving reporting for rate-regulated entities – User perspective - 12 JULY 2021 – 15:00 TO 17:00 (CET)
Stakeholders, and in particular, users of financial statements related to rate-regulated entities can now read the detailed programme for the EFRAG EFFAS ABAF/BVFA IASB webinar, to be held on 12 July, from 15:00 to 17:00. Register now.
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02/07/2021 - EFRAG Board webcast meeting 7 July 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Wednesday 7 July 2021. To watch the live webcast please click here.
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30/06/2021 - EFRAG Update June 2021
The June 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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29/06/2021 - EFRAG extends the deadline to 20 July to express interest in participating in the field testing: New disclosure approach for IAS 19 and IFRS 13
EFRAG, in close coordination with the IASB, is conducting field-testing of the IASB's proposals included in the ED Disclosure Requirements in IFRS Standards—A Pilot Approach ED/2021/3 issued in March 2021. The purpose of the field testing is to identify potential implementation and application concerns of the proposed disclosures in IFRS 13 Fair Value Measurement and IAS 19 Employee benefits, to determine whether there is a need for additional guidance, and to estimate the effort and cost required to implement and apply the proposals.
Interested corporates, banks or insurers can register to partake in the field test by emailing disclosureinitiative-pilot@efrag.org by 20 July 2021. -
25/06/2021 - PROGRAMME | EFRAG webinar: Accounting for crypto-assets (liabilities) - 6 July 2021 – 15:00 to 17:00 (CET)
Stakeholders can now read the detailed programme for the EFRAG webinar on 6 July: Accounting for crypto-assets (liabilities). Register now.
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24/06/2021 - Sustainability reporting professionals: apply now for a 9 to 12 months compensated position at EFRAG
EFRAG is looking for sustainability reporting professionals interested in a 9 to 12 months compensated staff position, to contribute to the interim technical work on the development of draft European sustainability reporting standards. Read the detailed call for candidates and apply by 9 July.
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24/06/2021 - EFRAG announces in-kind secondment positions to support its team working on the development of draft European sustainability reporting standards
Stakeholders interested in sustainability reporting can contribute to EFRAG’s interim technical work on the development of draft European sustainability reporting standards, through in-kind secondments of staff. Expression of interest is requested by 9 July 2021. Read the detailed call for expression of interest here.
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21/06/2021 - PROGRAMME | EFRAG IASB Joint Webinar: Targeted disclosure: how would it work in practice? Blueprint for future IFRS disclosures | 30/06/21 10:00 to 12:30
Read now the programme for the EFRAG IASB joint outreach event: Targeted disclosure: how would it work in practice? Blueprint for future IFRS disclosures. The event will consider European stakeholders’ views on the IASB ED Disclosure Requirements in IFRS Standards—A Pilot Approach. Register now.
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18/06/2021 - PROGRAMME | EAA EFRAG ICAS Joint Webinar: The price of time: discounting in financial reporting - 09/07/21 13:00 to 15:30 (Brussels Time)
Stakeholders can now read the detailed programme for the EAA EFRAG ICAS joint webinar on 9 July: The price of time: discounting in financial reporting. Register now.
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16/06/2021 - EFRAG public consultation: Due Process Procedures on EU Sustainability Reporting Standard-Setting
EFRAG Secretariat seeks comments from stakeholders on its Public Consultation Paper: EFRAG Due Process Procedures on EU Sustainability Reporting Standard-Setting. Comments are welcome by 15 September 2021.
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11/06/2021 - Effects analysis: EFRAG seeks participation of rate-regulated entities preparers
EFRAG is inviting preparers of financial statements of rate-regulated entities to participate in an effects analysis of the proposed Standard in the IASB Exposure Draft Regulatory Assets and Regulatory Liabilities published in January 2021. Preparers are asked to complete an online survey by 30 July 2021.
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11/06/2021 - SAVE THE DATE | Joint EFRAG EFFAS ABAF BVFA IASB invitation-only webinar- Improving reporting for rate-regulated entities - User perspective - 12 July 15:00 to 17:00 (CET)
Do you analyse or invest in rate-regulated entities and rely on financial statements information? Are you interested in joining an invitation-only webinar on Tuesday 12 July 2021 for a users-oriented discussion on IASB’s proposals for improved and more consistent reporting by rate-regulated entities? Express your interest.
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11/06/2021 - Effects Analysis: EFRAG seeks participation of users that analyse rate-regulated entities
EFRAG is inviting users that analyse the financial statements of rate-regulated entities to participate in an effects analysis of the proposed Standard in the IASB Exposure Draft Regulatory Assets and Regulatory Liabilities published in January 2021. Users are asked to complete an online survey by 30 July 2021.
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11/06/2021 - SAVE THE DATE | EFRAG IASB Joint Webinar: Targeted disclosure: how would it work in practice? Blueprint for future IFRS disclosures | 30 June - 10:00 to 12:30 CET
EFRAG with the IFRS Foundation, invite you to a joint outreach event on Wednesday 30 Junes 2021, from 10:00 to 12:30 CET to consider European stakeholders’ views on the IASB ED Disclosure Requirements in IFRS Standards—A Pilot Approach. Register now.
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11/06/2021 - EFRAG TEG webcast meeting 17 June 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Thursday 17 June 2021. To watch the webcast please register here.
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10/06/2021 - PROGRAMME | Business Combinations Under Common Control: Perspectives from Portugal | 8 July 2021 (9:30 TO 12:00 WET - 10:30 TO 13:00 CET)
Stakeholders can now read the programme for the joint outreach event ‘Business Combinations Under Common Control: Perspectives from Portugal’ held by EFRAG, with the Comissão de Normalização Contabilística (CNC-Portugal), the Ordem dos Revisores Oficiais de Contas (OROC) and the IFRS Foundation on Thursday 8 July 2021 (9:30 to 12:00 WET - 10:30 to 13:00 CET). Register now.
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10/06/2021 - EFRAG TEG-CFSS webcast meeting 16 June 2021
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Wednesday 16 June 2021. To watch the webcast please register here.
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09/06/2021 - Join the OIC IASB EFRAG outreach event on BCUCC on 14 June from 15:00 to 17:00
On Monday 14 June, from 15:00 to 17:30 (CET), EFRAG invites you to its joint outreach event held by the Italian Standard Setter (OIC) in cooperation with the IASB to provide insights on the IASB’s Discussion Paper Business Combinations under Common Control. The event will be held in Italian. The IASB and EFRAG’s presentations will be delivered in English. Register now.
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08/06/2021 - SAVE THE DATE | EFRAG webinar: Accounting for crypto-assets (liabilities) - 6 July 2021 – 15:00 to 16:30 (CET)
On 6 July 2021, from 15:00 to 16:30 (CET) EFRAG invites you to an outreach event related to the EFRAG Discussion Paper on Accounting for crypto-assets (liabilities).
A panel of speakers will discuss the practical application issues in current reporting and the options for addressing IFRS related requirements for crypto-assets (liabilities) proposed in the EFRAG Discussion Paper. They will also share their views on crypto-related market developments and the possible implications for accounting requirements.
Register now for the webinar and participate in the debate.
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07/06/2021 - EFRAG Board webcast meeting 9 June 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Wednesday 9 June 2021. To watch the live webcast please click here.
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04/06/2021 - Your input wanted on the EFRAG survey relating to the IASB's future agenda and EFRAG's proactive research agenda
EFRAG encourages constituents to participate in a survey about the IASB's Third Agenda Consultation and EFRAG's Proactive Research Agenda. Responses are requested by 17 September 2021.
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03/06/2021 - EFRAG's Draft Comment Letter on the IASB Exposure Draft ED/2021/4 Lack of Exchangeability (proposed amendments to IAS 21)
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft ED/2021/4 Lack of Exchangeability (proposed amendments to IAS 21) and seeks constituents' views on the proposals. Comments are requested by 26 August 2021.
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03/06/2021 - EFRAG releases its 2020 Annual Review
Despite 2020 having been a challenging year, EFRAG rose to the challenge and succeeded in delivering on its mission: serving the European public interest in the field of corporate reporting. In 2020 EFRAG enhanced its involvement in the sustainability reporting domain. Read all the details in our 2020 Annual Review.
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02/06/2021 - EFRAG's response to the IASB's Request for Information on Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12
EFRAG has submitted its response to the IASB's Request for Information on Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, and IFRS 12 Disclosure of Interests in Other Entities (the PIR). The response is available here.
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02/06/2021 - EFRAG Secretariat Briefing: Regulatory Assets and Regulatory Liabilities
EFRAG Secretariat has issued a Briefing to stimulate debate on the outcome of the proposed requirements on scope included in the IASB's exposure draft Regulatory Assets and Regulatory Liabilities. The views expressed in this Briefing are tentative and reflect the EFRAG Secretariat’s understanding of how the proposals on scope of the exposure draft might be applied.
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01/06/2021 - EFRAG Update May 2021
The May 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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31/05/2021 - SAVE THE DATE | Business Combinations Under Common Control: PERSPECTIVES FROM PORTUGAL | 8 July 2021 (9:30 TO 12:00 WET - 10:30 TO 13:00 CET)
EFRAG, with the Comissão de Normalização Contabilística (CNC-Portugal), the Ordem dos Revisores Oficiais de Contas (OROC) and the IFRS Foundation invites you to a joint outreach event on Thursday 8 July 2021 (9:30 to 12:00 WET - 10:30 to 13:00 CET) to consider the Portuguese and European Stakeholders’ views on the IASB’s Discussion Paper Business Combinations Under Common Control. Register now.
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31/05/2021 - EFRAG announces the new composition of its Financial Instruments Working Group and two replacements in its Insurance Accounting Working Group
EFRAG TEG approved the new composition of the EFRAG Financial Instruments Working Group . The EFRAG FIWG Working Group welcomes David Bisnath, Bonafacio Di Francesantonio, Edgar Loew, Holger Meurer, Roberto Spiller, Martin Svitek and Anna Vidal as new members and Gerhard Margetich as new observer. EFRAG also welcomes two replacements in the EFRAG Insurance Accounting Working Group: Davide Ferretti and Andrea Thiele.
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28/05/2021 - EFRAG podcast on field testing the IASB ED Disclosure Requirements
EFRAG has released another podcast, this time on the topic of the field test run by EFRAG in cooperation with the IASB, on the IASB's ED on Disclosure Requirements in IFRS Standards - A Pilot Approach. Listen to the podcast providing insights on the importance and implications to participate in the EFRAG field test.
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28/05/2021 - Save the date | 9 July 2021 - The price of time: webinar on discounting in financial reporting
On 9 July 2021 (13:00 – 15:30 Brussels time), the EAA, EFRAG and ICAS will host a webinar on discounting in financial reporting. Register here.
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20/05/2021 - EFRAG extends the deadline to 20 July 2021 to participate in the field testing: New disclosure approach for IAS 19 and IFRS 13
EFRAG, in close coordination with the IASB, is conducting field-testing of the IASB's proposals included in the ED Disclosure Requirements in IFRS Standards—A Pilot Approach ED/2021/3 issued in March 2021. The purpose of the field testing is to identify potential implementation and application concerns of the proposed disclosures in IFRS 13 Fair Value Measurement and IAS 19 Employee benefits, to determine whether there is a need for additional guidance, and to estimate the effort and cost required to implement and apply the proposals.
Interested corporates, banks or insurers can express interest and register to partake in the field test by emailing disclosureinitiative-pilot@efrag.org by 20 July 2021.
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20/05/2021 - PROGRAMME AVAILABLE | Webinar: Business Model, Sustainability Risks and Opportunities Reporting – 25/05/21
The programme for the webinar held by the European Lab Project Task Force on Reporting of non-financial risks and opportunities and linkage to the business model is now available. The webinar will take place on Tuesday 25 May 2021 from 12:00 to 14:00 (CET). Register now.
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20/05/2021 - EFRAG’s joint consultation on the IASB’s future agenda and on EFRAG’s proactive research agenda
EFRAG is issuing a joint consultation document seeking input on:
Its draft comment letter in response to the IASB’s request for information (RFI) on its agenda consultation; and
EFRAG’s own proactive research agenda.
By combining the two consultations, EFRAG expects that the priorities identified by European constituents will also inform the selection of EFRAG's own proactive research projects to be undertaken from 2022 onwards; in particular if projects considered to be high priorities are not selected by the IASB for its 2022-2026 work plan.
Stakeholders can provide inputs about project priorities by way of an online survey (the link to the online survey will be provided in a separate news items). The link to the online survey will be provided in a separate news items.
Comments are requested no later than 17 September 2021.
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20/05/2021 - Save the Date – ASCG outreach event on BCUCC with joint participation of EFRAG and the IASB
EFRAG Project Director Kathrin Schöne will participate in a web-based outreach event organised by the German Standard Setter (ASCG) on the IASB’s Discussion Paper Business Combinations under Common Control. The event will take place on 7 June and is jointly held with the IASB and EFRAG.
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17/05/2021 - Commissioner McGuinness invites EFRAG to start technical work on draft sustainability reporting standards and proceed with governance reforms as soon as possible
In a letter dated 12 May 2021, Commissioner McGuinness invites EFRAG to launch as soon as possible the necessary technical work to develop draft sustainability reporting standards. This work is to be undertaken in parallel to the negotiations of the proposed Corporate Sustainability Reporting Directive (CSRD). The Commissioner also asks EFRAG to move ahead with governance reforms. The development of draft sustainability standards should start before the new EFRAG governance structure will be in place.
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14/05/2021 - EFRAG TEG webcast meeting 19-20 May 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 19 and Thursday 20 May 2021. To watch the webcast please register here.
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12/05/2021 - Summary report - Explanatory Webinar relating to the Post-Implementation Review of IFRS 10,11, 12 - 1 March 2021
EFRAG has issued the summary report of the Explanatory Webinar on the IASB’s Request for Information (RFI) on the Post-Implementation Review of Consolidated Financial Statements, Joint Arrangements and Disclosures – A User’s Perspective, held on 1 March 2021.
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12/05/2021 - EFRAG'S feedback statement on the IASB's Exposure Draft ED/2020/4 Lease Liability in a Sale and Leaseback
The feedback statement summarises the main comments received by EFRAG on its draft comment letter to the IASB Exposure Draft ED/2020/4 Lease Liability in a Sale and Leaseback. and explains how this considered by EFRAG during its technical discussions.
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11/05/2021 - Join the EFRAG symposium on Intangibles and value creation at the EAA congress! - 28 May 9.00 am (Brussels time)
Join the EFRAG symposium on Intangibles and value creation on Friday 28 May from 9.00 till 10.30 am (Brussels time) at the virtual EAA annual congress. Hear different views and discuss with our speakers: Nick Anderson, Patrick de Cambourg, Chiara Del Prete, Begoña Giner, Peter Sampers, Saskia Slomp and Jed Wrigley. Register here.
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11/05/2021 - EFRAG’s draft comment letter and invitation to participate in field-test on ED/2021/3 Disclosure Requirements in IFRS Standards (Extended deadlines)
EFRAG’s has published its draft comment letter on ED/2021/3 Disclosure Requirements in IFRS Standards—A Pilot Approach (Proposed amendments to IFRS 13 and IAS 19), seeks constituents' view on and invites preparers to participate in field testing the proposals . EFRAG, in close coordination with with EFRAG Member Organisations and other European National Standard Setters and the IASB, will conduct field-testing of the IASB's proposals.
Companies interested can already indicate their interest : Disclosureinitiative-pilot@efrag.org
At its July 2021 meeting, the IASB decided to exceptionally extend the comment period for its Exposure Draft Disclosure Requirements in IFRS Standards—A Pilot Approach (the 'ED') to 290 days until 12 January 2022. Consequently, EFRAG is:
- Extending its period to conduct its field-testing with preparers until 25 October 2021. Interested corporates, banks or insurers can register to partake in the field test by emailing disclosureinitiative-pilot@efrag.org by 10 September 2021.
- Extending the comment period of its Draft Comment Letter until 4 January 2022. The draft comment letter can be found here.
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07/05/2021 - EFRAG Endorsement Status Report - Update
The Endorsement Status Report now reflects the publication of Deferred Tax related to Assets and Liabilities arising from a Single Transaction, amending IAS 12 Income Taxes by the IASB on 7 May 2021 and other timing changes.
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30/04/2021 - EFRAG Update April 2021
The April 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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29/04/2021 - SAVE THE DATE - RATE-REGULATED ACTIVITIES: Regulatory Assets and Regulatory Liabilities – Italian perspective - 6/05/2021
Save the date: on Thursday 6 May 2021, EFRAG will participated in the OIC public online webinar. The panel discussions will explore the Italian perspective to the IASB proposals and EFRAG preliminary views. Register now. The event will mainly take place in Italian.
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26/04/2021 - First meeting of the EFRAG Board in its new composition - 5 May 2021
On Wednesday 5 May, the EFRAG Board will meet for the first time in its new composition (effective from 1 May 2021). The EFRAG Board will gather for a public session from 10:35 to 13:25. Read the agenda and register now.
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23/04/2021 - SAVE THE DATE - Good reporting practices on sustainability-related risks, opportunities and linkage to business model - 25/05/21
On Tuesday 25 May, from 12:00 to 14:00, the European Lab Project Task Force on the reporting of non-financial risks and opportunities and the linkage to the business model (PTF-RNFRO) invites you to an outreach event that aims to get stakeholder feedback on the PTF-RNFRO draft report’s key findings. Register now.
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21/04/2021 - EFRAG welcomes its role in the European Commission’s proposal for a new CSRD
The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) envisages the adoption of EU sustainability reporting standards. The draft standards would be developed by EFRAG. The standards will be tailored to EU policies, while building on and contributing to international standardisation initiatives.
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19/04/2021 - EFRAG TEG webcast meeting 22 April 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Thursday 22 April 2021. To watch the webcast please register here.
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15/04/2021 - Joint EFRAG TEG-User Panel meeting April 2021
EFRAG announces that it will hold its joint EFRAG TEG-User Panel webcast meeting on Wednesday 21 April 2021. To watch the webcast please register here.
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14/04/2021 - Accounting for Crypto-Assets (Liabilities): EFRAG Discussion Paper now discussed in podcasts
Crypto-assets represent a growing and rapidly evolving market. To address the accounting of these unique assets, EFRAG released a Discussion Paper Accounting for Crypto-Assets (Liabilities) (DP) addressing the main issues related to the topic. You can now listen to the EFRAG podcast series with three episodes in which EFRAG Secretariat and experts discuss the issues addressed in the DP and related topics.
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12/04/2021 - EFRAG draft comment letter on Rate-regulated Activities
EFRAG has published its draft comment letter on the IASB Exposure Draft ED/2021/1 Regulatory Assets and Regulatory Liabilities and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 28 July 2021.
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12/04/2021 - EFRAG Board webcast meeting on 14 April 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Wednesday 14 April 2021. To watch the live webcast please click here.
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09/04/2021 - EFRAG joins the ASCG for an online outreach event on the IASB’s Post-implementation Review of IFRS 10, 11 and 12 - 20 April 2021
Save the date: on 20 April 2021, the Accounting Standards Committee of Germany (ASCG) and EFRAG will discuss the preliminary views regarding the application of IFRS 10, IFRS 11 and IFRS 12. More information here. The discussion will be in held German.
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09/04/2021 - REMINDER | Complete EFRAG’s survey on the PIR of IFRS 10, 11 and 12 by 16 April
Constituents, in particular users of financial statements, are welcome to contribute to the post-implementation review (PIR) of the Consolidation Package, under international financial reporting standards. Participate in the EFRAG survey about the PIR IFRS 10, 11 and 12 by 16 April 2021.
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09/04/2021 - EFRAG's Final Comment Letter on ED/2020/4 Lease Liability in a Sale and Leaseback
EFRAG published its comment letter (here) in response to the IASB's Exposure Draft ED/2020/4 Lease Liability in a Sale and Leaseback ('the ED') on 9 April 2021.
The ED specifies how a seller-lessee initially measures the right-of-use asset and liability arising in a sale and leaseback transaction (including when rents are variable and not based on an index or rate) and how the seller-lessee subsequently measures that liability.
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08/04/2021 - NEW DEADLINE: Academics with corporate reporting expertise to apply for academic fellow at EFRAG by 15 May 2021
EFRAG is seeking an academic fellow with experience in financial reporting and IFRS, or sustainability reporting and a good understanding of broader corporate reporting to work with EFRAG during a sabbatical leave period of between 6 months and two years.
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07/04/2021 - REMINDER | EFRAG seeks members for its Financial Instruments Working Group
Interested stakeholders have until 15 April 2021 to send their applications for the EFRAG Financial Instruments Working Group (EFRAG FIWG). EFRAG seeks candidates with strong technical expertise in financial instruments, along with a sound understanding and application in practice of general IFRS.
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06/04/2021 - EFRAG TEG webcast meeting 8 April 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Thursday 8 April 2021. To watch the webcast please register here.
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06/04/2021 - EFRAG Board webcast meeting on 7 April 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Wednesday 7 April 2021. To watch the live webcast please click here.
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02/04/2021 - EFRAG's Endorsement Advice on Covid-19-Related Rent Concessions beyond 30 June 2021 (Amendment to IFRS 16)
EFRAG has completed its due process regarding Covid-19-Related Rent Concessions beyond 30 June 2021 (Amendment to IFRS 16) and has submitted its Endorsement Advice Letter to the European Commission.
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02/04/2021 - Complete EFRAG’s survey relating to its DP: Accounting for Crypto-Assets (Liabilities), contribute to the debate!
EFRAG invites its constituents to complete the survey (available here) relating to its Discussion Paper on Accounting for Crypto-Assets (Liabilities) (DP). Crypto-assets, a by-product of innovation in technology and finance (see background article), continue to draw stakeholders' interest. Accordingly, in July 2020, EFRAG published its DP - developed as part of the EFRAG proactive research agenda. The DP is intended to inform the forthcoming IASB agenda consultation process and is open for consultation until 31 July 2021.
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01/04/2021 - EFRAG Update March 2021
The March 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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31/03/2021 - EFRAG has finalised its due process around IFRS 17 and has submitted its Final Endorsement Advice on IFRS 17 Insurance Contracts including the June 2020 Amendments to the European Commission
EFRAG has finalised its due process around IFRS 17 and submitted its Final Endorsement Advice on IFRS 17 Insurance Contracts including the June 2020 Amendments to the European Commission. The Final Endorsement Advice includes the assessment of IFRS 17 against the ‘True and Fair View’-criteria and the assessment of whether IFRS 17 is conducive to the European public good.
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31/03/2021 - New EFRAG TEG composition
The EFRAG Board approved the appointment of three new EFRAG TEG members: Sylvie Koppes and Malgorzata Matusewicz, effective 1 April 2021; and Pierre Phan Van Phi, effective 1 May 2021
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30/03/2021 - New EFRAG Board appointed
The EFRAG General Assembly unanimously agreed the new composition of the EFRAG Board
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26/03/2021 - Listen to the final episode of the EFRAG podcast series: PIR of IFRS 10, IFRS 11 and IFRS 12
Reaching out to stakeholders, EFRAG releases today the final podcast of its four-episode series dedicated to the post-implementation review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities. Listen to this final episode now and participate in EFRAG’s survey.
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26/03/2021 - EFRAG meets with international sustainability reporting standard setters and other related initiatives
EFRAG and the European Commission met for a second time with leading international sustainability reporting standard setters and other related initiatives to present recommendations for the development of EU sustainability reporting standards and explore possible cooperation in a co-constructive spirit, promoting convergence and maintaining momentum.
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25/03/2021 - Austrian Group of Standard Setters joins EFRAG
EFRAG welcomes the Austrian Group of Standard Setters as its latest Member Organisation
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25/03/2021 - EFRAG TEG webcast meeting 30 March 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 30 March 2021. To watch the webcast please register here.
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25/03/2021 - EFRAG Board webcast meeting on 29 March 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Monday 29 March 2021. To watch the live webcast please click here.
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23/03/2021 - EFRAG TEG webcast meeting 26 March 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Friday 26 March 2021. To watch the webcast please register here.
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19/03/2021 - EFRAG TEG webcast meeting 23 March 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 23 March 2021. To watch the webcast please register here.
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15/03/2021 - EFRAG requests comments on its draft endorsement advice on Definition of Accounting Estimates
EFRAG is consulting on both its assessment of Definition of Accounting Estimates (Amendments to IAS 8) (‘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 7 June 2021.
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15/03/2021 - EFRAG requests comments on its draft endorsement advice on Disclosure of Accounting Policies
EFRAG is consulting on both its assessment of Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) (‘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 7 June 2021.
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10/03/2021 - EFRAG Board webcast meeting 15 March 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Monday 15 March 2021. To watch the live webcast please click here.
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10/03/2021 - Listen to the 3rd episode of the EFRAG podcast series: PIR of IFRS 10, IFRS 11 and IFRS 12
Reaching out to stakeholers, EFRAG releases today its third episode, out of a series of four podcasts, dedicated to the post-implementation review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities. Listen to our third episode now and participate in EFRAG’s survey.
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10/03/2021 - EFRAG calls for new members of its Financial Instruments Working Group
EFRAG is renewing the membership of its Financial Instruments Working Group (EFRAG FIWG). Candidates with strong technical expertise on financial instruments issues, along with a sound understanding of more general IFRS issues and practice should send their applications by 15 April 2021.
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10/03/2021 - EFRAG is recruiting an academic fellow with corporate reporting expertise
EFRAG is seeking an academic fellow with experience in financial reporting and IFRS and good understanding of broader corporate reporting to work with EFRAG during a sabbatical leave period of between 6 months and two years. Applications welcome by 15 April 2021.
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08/03/2021 - Reports published on development of EU sustainability reporting standards
Two reports are published today, prepared in response to the mandates given by the European Commission on 25 June 2020 to EFRAG and to EFRAG Board President Jean-Paul Gauzès. The reports set out recommendations to the European Commission for the elaboration of possible EU sustainability reporting standards and for possible changes to EFRAG's governance and funding if it were to become the EU sustainability reporting standard setter.
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08/03/2021 - RECORDINGS | Explanatory Webinar: Post-Implementation Review of Consolidated Financial Statements, Joint Arrangements and Disclosures - A User’s Perspective
Recordings of the EFRAG EFFAS ABAF/BVFA and IASB explanatory webinar on the post-implementation review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities are now available. The objective of the public webinar was to collect input from users of financial statements on the application of IFRS 10, IFRS 11 and IFRS 12.
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03/03/2021 - Listen to the 2nd episode of the EFRAG podcast series: PIR of IFRS 10, IFRS 11 and IFRS 12
To reach out to stakeholders, EFRAG embarked on a series of podcasts presenting the post-implementation review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities. Listen to the second episode now and participate in EFRAG’s survey.
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02/03/2021 - University of Ferrara, EFFAS, EFRAG, ICAS joint case study-based survey on intangibles
Participate in a new research project conducted by the University of Ferrara and supported by EFFAS, EFRAG and ICAS on reporting practices for intangible assets by completing the related case-study-based survey. The research project aims at collecting information on the preparation and use of the information on intangibles.
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01/03/2021 - EFRAG TEG-CFSS webcast meeting 3 March 2021
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Wednesday 3 March 2021. To watch the webcast please register here.
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01/03/2021 - EFRAG TEG webcast meeting 3-4 March 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 3 and Thursday 4 March 2021. To watch the webcast please register here.
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26/02/2021 - EFRAG Update February 2021
The February 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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26/02/2021 - EFRAG's feedback statement on Business Combinations—Disclosures, Goodwill and Impairment
EFRAG has issued its feedback statement explaining how EFRAG considered the comments received in response to its draft comment letter on the IASB DP/2020/1 Business Combinations—Disclosures, Goodwill and Impairment. The feedback statement is available here.
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26/02/2021 - EFRAG USER UPDATE FEBRUARY 2021
The February 2021 edition of the EFRAG User Update provides users of financial statements with information about EFRAG's main publications, discussions held and decisions taken since the previous update. This with the objective of keeping users of financial statements updated in the field of financial reporting. EFRAG User Update can be downloaded below and under the menu 'User Corner' (here).
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25/02/2021 - EFRAG Final Comment Letter on ED/2021/2 Covid-19-Related Rent Concessions beyond 30 June 2021
EFRAG has published its Final Comment Letter in response to the IASB's Exposure Draft ED/2021/2 Covid-19-Related Rent Concessions beyond 30 June 2021 (Proposed Amendments to IFRS 16).
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24/02/2021 - Listen now to the EFRAG podcast series: PIR of IFRS 10, IFRS 11 and IFRS 12
In order to reach out to stakeholders, EFRAG releases a series of podcasts presenting the post-implementation review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities. Listen to the first episode now, and participate in EFRAG’s survey.
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23/02/2021 - PROGRAMME | Explanatory webinar: Post-Implementation Review of Consolidated Financial Statements, Joint Arrangements and Disclosures - A User’s Perspective
The programme for the EFRAG EFFAS ABAF/BVFA and IASB explanatory webinar on the post-implementation review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities is now available. The webinar will take place on Monday 1 March from 10:00 to 11:30 (CET). Register now.
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22/02/2021 - Extended Deadline - EFRAG's Draft Comment Letter on ED Lease Liability in a Sale and Leaseback - 23 March 2021.
EFRAG published its Draft Comment Letter in response to the IASB's Exposure Draft ED/2020/4 Lease Liability in a Sale and Leaseback on 22 December 2020.
To allow more time for interested stakeholders to provide their views, responses are now requested by 23 March 2021.
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19/02/2021 - REMINDER | CALL FOR EFRAG TEG MEMBERS - 28/02/21
Candidates with an accountancy profession background with an EEA nationality (other than France, Germany, Italy and Spain) have until 28 February to send their applications to join EFRAG’s Technical Expert Group (EFRAG TEG) for the 2021 rotation.
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16/02/2021 - EFRAG requests comments on Preparatory Document for Draft Endorsement Advice on Covid-19-Related Rent Concessions beyond 30 June 2021
EFRAG is consulting on its Preparatory Document for Draft Endorsement Advice of Covid-19-Related Rent Concessions beyond 30 June 2021 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 2021.
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12/02/2021 - EFRAG Endorsement Status Report - Update
The Endorsement Status Report now reflects the publication of the mendments to IAS 1 and IFRS Practice Statement 2 (Disclosure of Accounting Policies) and IAS 8 (Definition of Accounting Estimates) by the IASB on 12 February 2021.
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11/02/2021 - EFRAG Draft Comment Letter on IFRS 16 and Covid-19- Comments requested by 22 February 2021
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft ED/2021/2 Covid-19-Related Rent Concessions Beyond 30 June 2021 (Proposed Amendments to IFRS 16). Comments requested by 22 February 2021.
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09/02/2021 - EFRAG EFFAS ABAF/BVFA IASB explanatory webinar: Post-Implementation Review of Consolidated Financial Statements, Joint Arrangements and Disclosures - A User’s Perspective
EFRAG, with EFFAS, ABAF/BVFA and the IASB invite you to an explanatory webinar on Monday 1 March 2021, from 10:00 to 11:30 (CET) to consider the views of users for the Post-Implementation Review on IFRS 10, 11 and 12. Register now.
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01/02/2021 - EFRAG Board webcast meeting on 3 February 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Wednesday 3 February 2021. To watch the live webcast please click here.
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01/02/2021 - NEW DEADLINE | Participate in the European Lab @ EFRAG survey on non-financial risks and opportunities reporting practices
The European Lab @EFRAG Project Task Force on Reporting of Non-Financial Risks and Opportunities and linkage to the business model (PTF-RNFRO) seeks stakeholders’ views on factors influencing current reporting practices. This includes not only views from preparers and users but also other stakeholders such as accountants, auditors, academics and NGOs. The survey deadline has been extended to 20 February 2021.
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29/01/2021 - EFRAG Update January 2021
The January 2021 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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29/01/2021 - EFRAG Comment Letter on Business Combinations – Disclosures, Goodwill and Impairment
EFRAG has published its final comment letter in response to the IASB's Discussion Paper DP 2020/1 Business Combinations – Disclosures, Goodwill and Impairment. In the letter, which benefits from the results of the extensive outreach conducted with European stakeholders, EFRAG supports the objective to explore whether companies can, at a reasonable cost provide investors with more useful information about acquisitions and address some practical aspects from such requirements. EFRAG notes room for improvement in goodwill accounting. Considering that an accounting policy should only be changed if it would provide reliable and more relevant information, EFRAG suggests the IASB further explore improvements to existing impairment test and any cost and consequences of reintroducing amortisation.
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28/01/2021 - RECORDINGS NOW AVAILABLE | European Lab online outreach events 13 to 22 January – Preparatory work on EU non-financial reporting standards
Between 13 and 22 January 2021, the Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG held seven joint online outreach events. The objective of these events was to gather stakeholders’ views from different countries on the tentative proposals of the PTF-NFRS to the European Commission. The events' recordings are now available.
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28/01/2021 - EFRAG Rate-regulated Activities Working Group and EFRAG Insurance Accounting Working Group: changes to composition
EFRAG TEG has appointed Ralph Welter as the new chair of the EFRAG Rate-regulated Activities Working Group. Matteo Brusatori and Cardi van Capelle have been appointed as new members of the EFRAG Insurance Accounting Working Group.
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25/01/2021 - EFRAG Board webcast meeting 26 January 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 26 January 2021. To watch the live webcast please click here.
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22/01/2021 - Your input wanted on the EFRAG survey relating to the Post-Implementation Review of IFRS 10, 11 and 12
EFRAG encourages constituents to participate in its survey about the Post-Implementation Review of IFRS 10, 11 and 12. Responses are requested by 16 April 2021.
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19/01/2021 - Stakeholders’ views sought on non-financial risks and opportunities reporting practices
The European Lab @EFRAG Project Task Force on Reporting of Non-Financial Risks and Opportunities and linkage to the business model (PTF-RNFRO) seeks stakeholders’ views on factors influencing current reporting practices. Stakeholders’ feedback will help the PTF-RNFRO to contextualise the assessment of what can be considered as good reporting practices on risks and opportunities and the business model. The survey is open until end of January 2021.
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19/01/2021 - PROGRAMME | European Lab - PTF-NFRS joint outreach event: Italian focus | 22 January 2021- 14:30 (CET)
The programme for the joint outreach event organised by the Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG, in cooperation with ASSIREVI and the OIC, has been issued. The webinar will take place on Friday 22 January from 14:30 to 17:30 (CET). Register now.
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15/01/2021 - EFRAG TEG webcast meeting 19 January 2021
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 19 January 2021. To watch the webcast please register here.
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15/01/2021 - PROGRAMME | European Lab - PTF-NFRS joint outreach event: French focus | 21 January 2021- 9:00 (CET)
The programme for the joint outreach event organised by the Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG, in cooperation with the ANC, has been issued. The webinar will take place on Thursday 21 January from 9:00 to 12:00 (CET). Register now.
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14/01/2021 - PROGRAMME | European Lab - PTF-NFRS join outreach event: German focus | 18 January 2021 15:00 (CET)
The programme for the joint outreach event organised by the Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG, in cooperation with the DRSC, Econsence and Global Compact, has been issued. The webinar will take place on Monday 18 January from 15:00 to 18:00 (CET). Register now.
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14/01/2021 - Call for EFRAG TEG Members
EFRAG is calling for candidates with an accountancy profession background with an EEA nationality other than France, Germany, Italy and Spain for its Technical Expert Group (EFRAG TEG) for the 2021 rotation.
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14/01/2021 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2 is now reflected in the Endorsement Status Report.
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12/01/2021 - Reminder: IFRS 17 Draft Endorsement Advice - please provide input by 29 January 2021
EFRAG asks constituents to provide their views on the EFRAG draft endorsement advice on IFRS 17 Insurance contracts by Friday, 29 January 2021. Please submit your comment letter here by clicking the 'Comment publication' link. -
12/01/2021 - PROGRAMME | European Lab - PTF-NFRS joint outreach event: Financial institutions focus | 18 January 2021 9:00 (CET)
The programme for the joint outreach event organised by the Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG, in cooperation with Accountancy Europe, AFME, EACB, EBF, EFAMA, EFFAS, ESBG and Insurance Europe, has been issued. The webinar will take place on Monday 18 January from 9:00 to 12:00 (CET). Register now.
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11/01/2021 - PROGRAMME | European Lab - PTF-NFRS joint outreach event: Nordic focus | 14 January 2021 - 9:00 to 12:00 (CET)
The programme for the joint outreach event organised by the Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG, in cooperation with DI (Confederation of Danish Industries), Danske Revisorer - FSR, Finance Denmark and Finance Finland has been issued. The webinar will take place on Thursday 14 January from 9:00 to 12:00 (CET). The event will be held in English. Register now.
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11/01/2021 - OUTREACH DOCUMENT NOW AVAILABLE| European Lab online outreach events - Preparatory work on EU non-financial reporting standards - 13 to 22 January 2021
The Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards of the European Lab @EFRAG is sharing an outreach document containing its key preliminary views emerging from the Task Force's ongoing work. The outreach document will provide the basis for gathering stakeholders’ views at seven online outreach events scheduled between 13 and 22 January 2021. Register now.
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11/01/2021 - EFRAG Board webcast meeting 14 January 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 14 January 2021. To watch the live webcast please click here.
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11/01/2021 - EFRAG TEG webcast meeting 13 January 2021
EFRAG announces that it will hold an EFRAG TEG webcast meeting on Wednesday 13 January 2021 To watch the webcast please register here.
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08/01/2021 - PROGRAMME | European Lab - PTF-NFRS Joint outreach event: European organisations and other European countries focus | 15 January 2021 14:30 (CET)
The programme for the joint outreach event organised by the Project Task Force on preparatory work for the elaboration of potential EU non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG, in cooperation with Accountancy Europe, CSR Europe, DASB, EAA, ecoDa, EFAA, EFFAS, European Issuers, Eurosif and SMEunited has been issued. The webinar will take place on Friday 15 January from 14:30 to 17:30 (CET). Register now.
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08/01/2021 - PROGRAMME | European Lab - PTF-NFRS Joint outreach event: Spanish focus | 13 January 2021 10:30 (CET)
The programme for the joint outreach event organised by the Project Task Force on preparatory work for the elaboration of potential EU non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG, in cooperation with Economistas and the ICAC has been issued. The webinar will take place on Wednesday 13 January from 10:00 to 12:30 (CET). The event will be held in Spanish. Register now.
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05/01/2021 - Change in the EFRAG TEG Composition
The new EFRAG TEG composition has been approved by the EFRAG Board. EFRAG TEG will welcome effective from 1 April 2021 two new members: Dennis Jullens and Massimo Tosoni. Two EFRAG TEG members have been reappointed: Erlend Kvaal and Olivier Scherer. One vacancy has been left for candidates with a general accountancy profession background. A call for candidates will soon be issued.
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05/01/2021 - Extension of the deadline to contribute to Jean-Paul Gauzès’ Ad personam mandate on non-financial reporting standard setting – 13 January 2021
On 30 November 2020, EFRAG Board President Jean-Paul Gauzès issued a Consultation Document inviting all interested stakeholders to provide input to his preliminary proposals regarding changes to the governance structure and financing of EFRAG if it were entrusted with the development of possible EU non-financial reporting standards.
The Consultation Document (which contains a number of questions for stakeholders) focuses on obtaining additional input on a number of matters that were not, or not fully addressed in the first public consultation conducted in October 2020.
To allow more time for interested stakeholders to provide their views, responses to this Consultation Document are now requested by 13 January 2021.
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24/12/2020 - EFRAG Update December 2020
The December 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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21/12/2020 - Change to the composition of the EFRAG Board
EFRAG says goodbye to Peter Sampers and welcomes Gerard van Santen as EFRAG Board member on one of the National Standard Setters seats from 1 January 2021.
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18/12/2020 - To a new year of good endavours
The EFRAG Team wishes you peaceful holidays and all the best for 2021.
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17/12/2020 - SAVE THE DATE | European Lab @EFRAG joint outreach events – Preparatory work on EU non-financial reporting standards – 13 to 22 January 2021
The Project Task Force on non-financial reporting standards (PTF-NFRS) of the European Lab @EFRAG invites you to a series of joint online outreach events scheduled between 13 and 22 January 2021. These online events will be the occasion to gather stakeholders’ views from different countries on the tentative proposals of the PTF-NFRS. Each event has a different focus. Register now.
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16/12/2020 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of the Amendments to IFRS 4 Insurance Contracts – deferral of IFRS 9 is now reflected in the Endorsement Status Report.
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14/12/2020 - EFRAG Board webcast meeting on 17 December 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 17 December 2020. To watch the live webcast please click here.
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14/12/2020 - EFRAG TEG webcast meeting 16 December 2020
EFRAG announces that it will hold an EFRAG TEG webcast meeting on Wednesday 16 December 2020. To watch the webcast please register here.
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11/12/2020 - Summary report - Joint Webinar: Business Combinations: Disclosures, Goodwill and Impairment – Perspectives from Portugal
Following the successful joint webinar on Business Combinations – Disclosures, Goodwill and Impairment, held on 24 November with CNC, OROC and OCC, in cooperation with the IASB, EFRAG has issued a summary report. In this webinar, Portuguese and European stakeholders expressed their views on the IASB proposals and EFRAG’s draft comment letter.
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08/12/2020 - EXTENSION - EFRAG seeks views on its Draft Endorsement Advice on Classification of Liabilities as Current or Non-Current and Deferral of Effective Date (Amendments to IAS 1) - 11 January 2021
EFRAG is consulting on both its assessment of Classification of Liabilities as Current or Non-current and Deferral of Effective Date (Amendments to IAS 1) (‘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 (Amendments to IAS1 - Deferral of Effective Date) are requested by 11 January 2021.
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08/12/2020 - EXTENSION - Views of users of financial statements of rate-regulated entities - Please provide input by 8 January 2021
EFRAG is inviting users that undertake the fundamental analysis of rate-regulated entities to participate in an early-stage analysis of the likely impacts of possible changes to IFRS requirements. This will enable a better understanding of users' information needs. Users are asked to complete a survey by filling in a questionnaire by close of business 8 January 2021.
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04/12/2020 - Invitation to nominate candidates to the EFRAG Board
European Stakeholder Organisations and National Standard Setters are invited to nominate candidates to serve as members of the EFRAG Board from 1 May 2021. Expressions of interest are invited by 31 January 2021. New organisations joining EFRAG are also entitled to nominate candidates.
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02/12/2020 - REMINDER - EFRAG seeks views on its Draft Endorsement Advice on Classification of Liabilities as Current or Non-Current and Deferral of Effective Date (Amendments to IAS 1) by 7 December 2020
EFRAG is consulting on both its assessment of Classification of Liabilities as Current or Non-current and Deferral of Effective Date (Amendments to IAS 1) (‘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 (Amendments to IAS 1 - Deferral of Effective Date) are requested by 7 December 2020.
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02/12/2020 - REMINDER - Views of preparers of financial statements of rate-regulated entities - Please provide input by 8 January 2021
EFRAG is inviting preparers of financial statements of rate-regulated entities to participate in an early-stage analysis through a survey questionnaire which will take approximately 30-45 minutes to complete of likely impacts of the possible changes to IFRS requirements. Preparers are asked to complete a survey by filling in a questionnaire by close of business 8 January 2021.
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01/12/2020 - EFRAG Update November 2020
The November 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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30/11/2020 - REMINDER - Views of users of financial statements of rate-regulated entities - Please provide input by 7 December 2020
EFRAG is inviting users that undertake the fundamental analysis of rate-regulated entities to participate in an early-stage analysis of the likely impacts of possible changes to IFRS requirements. This will enable a better understanding of users' information needs. Users are asked to complete a survey by filling in a questionnaire by close of business 7 December 2020.
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30/11/2020 - Jean-Paul Gauzès is seeking input on his preliminary proposals resulting from his EC ad personam mandate on non-financial reporting standard setting.
EFRAG Board President Jean-Paul Gauzès is issuing a Consultation Document inviting all interested stakeholders to contribute input to his preliminary proposals regarding changes to the governance structure and financing of EFRAG if the latter were entrusted with the development of EU non-financial reporting standards.
The Consultation Document (which contains a number of questions for stakeholders) focuses on obtaining additional input on a number of matters that were not, or not fully addressed in the first public consultation conducted in October 2020.
Responses to this second consultation are requested by 6 January 2021.
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30/11/2020 - Summary report - Joint webinar: Business Combinations: Disclosures, Goodwill and Impairment – What are the views of users?
EFRAG has issued a summary report of the joint webinar on the IASB's DP: Business Combinations – Disclosures, Goodwill and Impairment, held on 12 November with EFFAS, ABAF/BVFA and the IASB. European users of financial statements expressed their views on the IASB proposals and EFRAG’s draft comment letter.
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30/11/2020 - EFRAG's Feedback Statement on Primary Financial Statements
The feedback statement summarises the main comments received by EFRAG on its draft comment letter to the IASB ED/2019/7 General Presentation and Disclosures and explains how those comments were considered by EFRAG during its technical discussions leading to the publication of EFRAG’s final comment letter. The feedback statement is available here.
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30/11/2020 - EFRAG TEG webcast meeting 2-3 December 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 2 and Thursday 3 December 2020. To watch the webcast please register here.
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27/11/2020 - Summary report - Joint webinar: Changes to The Accounting For Business Combinations: Disclosures, Goodwill And Impairment: Reflections From Norway
EFRAG has issued a summary report of the joint webinar on the IASB's DP: Business Combinations: Disclosures, Goodwill and Impairment, held on 9 November with the Norwegian standard setter NASB, the Norwegian analysts organisation NFF and the IASB. Norwegian and European stakeholders expressed their views on the IASB proposals including the potential implementation and application concerns.
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27/11/2020 - Summary report – Joint outreach event on Business Combinations : Disclosures, Goodwill And Impairment hosted by FSR, DI, the IASB and EFRAG
EFRAG has issued a summary report of the joint webinar on the IASB's DP: Business Combinations – Disclosures, Goodwill and Impairment, held on 23 October with the FSR - Danish Auditors, DI - Confederation of Danish Industry and the IASB. Danish and European stakeholders expressed their views on the IASB proposals including the potential implementation and application concerns.
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26/11/2020 - EFRAG TEG-CFSS webcast meeting 2 December 2020
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Wednesday 2 December 2020. To watch the webcast please register here.
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23/11/2020 - EFRAG joins the OIC and the IASB for a webinar on Business Combinations: Disclosures, Goodwill And Impairment – 25 November
See the programme for the joint webinar organised by the Organismo Italiano di Contabilità (OIC) and EFRAG, in cooperation with the IFRS Foundation on Business Combinations: Disclosures, Goodwill and Impairment. The webinar will take place on Wednesday 25 November from 10:00 to 13:00 (CET). Presentations and discussions will be held in Italian. More information and registration here.
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20/11/2020 - Reminder: Business Combinations - Disclosures, Goodwill and Impairment - Please provide input by 30 November 2020
EFRAG asks constituents to provide their views on the EFRAG draft comment letter in response to the IASB's Discussion Paper DP/2020/1 Business Combinations — Disclosures, Goodwill and Impairment by Monday, 30 November 2020. Please submit your comment letter here.
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20/11/2020 - PROGRAMME | Joint webinar: changes to the accounting for Business Combinations: Disclosures, Goodwill and Impairment: Perspectives from Portugal - 24 November 2020
The programme for the joint webinar organised by EFRAG and the Ordem dos Revisores Oficiais de Contas (OROC), the Ordem dos Contabilistas Certificados (OCC), the Comissao de Normalizaçao Contabilistica (CNC), in cooperation with the IFRS Foundation on Business Combinations: Disclosures, Goodwill and Impairment is now available. The webinar will take place on Tuesday 24 November from 9:00 to 11:00 (WET)/ 10:00 to 12:00 (CET). Register now.
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19/11/2020 - EFRAG joins the ASCG for the second of the two outreach events on the IASB’s DP Business Combinations – Disclosures, Goodwill and Impairment – 20 november
On 20 November, the Accounting Standards Committee of Germany (ASCG) and EFRAG will discuss the different aspects of the IASBs Discussion Paper Business Combinations – Disclosures, Goodwill and Impairment. Register now. Presentations and discussions will be in German.
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17/11/2020 - EFRAG's Feedback Statement on its Comment Letter to the IASB's Exposure Draft ED/2020/1 Interest Rate Benchmark Reform - Phase 2
After having issued its final endorsement advice on 26 October EFRAG has finalised the steps in its due process and published its feedback statement on the draft comment letter to the IASB's ED/2020/1 Interest Rate Benchmark Reform – Phase 2: Proposed Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16
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13/11/2020 - Progress report published for project on preparatory work for the elaboration of possible EU non-financial reporting standards
Preliminary high-level assessment points emerging from the assessment phase of the project have been submitted to the European Commission.
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10/11/2020 - EFRAG seeks input from preparers of financial statements of rate-regulated entities by 18 December 2020
The IASB has an active project on the accounting for regulatory assets and regulatory liabilities. The objective is to improve the information that is available to users covering rate-regulated entities. These entities may have incremental rights and obligations arising from their regulatory agreements. The IASB will be issuing an exposure draft in early 2021.
EFRAG is inviting preparers of financial statements of rate-regulated entities to participate in an early-stage analysis through a survey questionnaire which will take approximately 30-45 minutes to complete of likely impacts of the possible changes to IFRS requirements. Expressions of interest in participating in this outreach are requested by close of business 18 December 2020.
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06/11/2020 - EFRAG requests comments on its draft endorsement advice on Classification of Liabilities as Current or Non-current and Deferral of Effective Date (Amendments to IAS 1)
EFRAG is consulting on both its assessment of Classification of Liabilities as Current or Non-current and Deferral of Effective Date (Amendments to IAS 1) (‘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 7 December 2020.
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06/11/2020 - SAVE THE DATE | Business Combinations, Disclosures, Goodwill and Impairment: Perspectives from Portugal | 24 November (9:00 to 11:00 WET - 10:00 to 12:00 CET)
EFRAG, with the Commissao de Normalizaçao Contabilistica (CNC-Portugal), the Ordem dos Revisores Oficiais de Contas (OROC) and the Ordem dos Contabilistas Certificados (OCC)and the IFRS Foundation invites you to a joint outreach event on Tuesday 24 November 2020 (9:00 to 11:00 WET - 10:00 to 12:00 CET) to consider the Portuguese and European Stakeholders’ views on the IASB’s Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment. Register now.
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05/11/2020 - EFRAG TEG webcast meeting 10 November 2020
EFRAG announces that it will hold an EFRAG TEG webcast meeting on Tuesday 10 November 2020. To watch the webcast please register here.
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05/11/2020 - REMINDER | Joint Online Outreach Event: Changes to the accounting for Business Combinations: Disclosures, Goodwill and Impairment: Reflections from Norway - 9 November 2020
On Monday 9 November EFRAG, the NASB, the NFF and the IASB will host a joint webinar on Business Combinations: Disclosures, Goodwill and Impairment. The programme and confirmed speakers are available, register now.
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03/11/2020 - EFRAG summary report on the EFRAG-IASB joint webinar: Improving information regarding business combinations and subsequent accounting for goodwill – which way to go? - 16 october 2020
EFRAG has issued a summary report of the joint webinar on the IASB's DP: Business Combinations – Disclosures, Goodwill and Impairment on 16 October 2020. European stakeholders expressed their views on the IASB proposals including the potential implementation and application concerns.
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02/11/2020 - PROGRAMME | Online joint outreach event: Business Combinations: Disclosures, Goodwill and Impairment – What are the views of investors | 12 November 2020
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02/11/2020 - EFRAG Final Comment Letter on Primary Financial Statements
EFRAG has published its final comment letter in response to the IASB's Exposure Draft 2019/7 General Presentation and Disclosures which welcomes the IASB's efforts to improve how information is communicated in the financial statements. In the letter, which benefits from the results of the extensive consultation and outreach conducted with European stakeholders, EFRAG suggests that the IASB further considers a number of its proposals, particularly from a cost and benefit perspective.
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30/10/2020 - EFRAG Update October 2020
The October 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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30/10/2020 - REMINDER | Call for EFRAG TEG members– applications welcome by 2 November COB
Interested candidates have until Monday 2 November, close of business, to send their applications for EFRAG TEG membership.
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30/10/2020 - EFRAG joins the ASCG for two outreach events on the IASB’s DP Business Combinations – Disclosures, Goodwill and Impairment – 2 & 20 November
On 2 and 20 November, the Accounting Standards Committee of Germany (ASCG) and EFRAG will discuss the different aspects of the IASBs Discussion Paper Business Combinations – Disclosures, Goodwill and Impairment. Register now. Presentations and discussions will be in German.
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29/10/2020 - PROGRAMME | Joint online outreach event: Changes to the accounting for Business Combinations: Disclosures, Goodwill and Impairment: reflections from Norway - 9 November 2020
The programme for the EFRAG, the NASB, the NFF and the IASB joint outreach event on Business Combinations: Disclosures, Goodwill and Impairment is now available. The webinar will take place on Monday 9 November from 9:00 to 11:30 (CET). Register now.
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28/10/2020 - EFRAG seeks views of users of the financial statements of rate-regulated entities by 7 December 2020
The IASB has an active project on the accounting for regulatory assets and regulatory liabilities. The objective is to improve the information that is available to users covering rate-regulated entities. These entities may have incremental rights and obligations arising from their regulatory agreements. The IASB will be issuing an exposure draft in early 2021.
EFRAG is inviting users that undertake the fundamental analysis of rate-regulated entities to participate in an early-stage analysis of the likely impacts of possible changes to IFRS requirements. This will enable a better understanding of users' information needs. Expressions of interest in participating in this outreach are requested by close of business 7 December 2020.
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27/10/2020 - Panel of users announced | Online joint outreach event: Business combinations: disclosures, goodwill and impairment – What are the investors’views?| 12 November 2020
EFRAG EFFAS ABAF/BVFA are proud to announce distinguished panel of users – Steve Cooper, Sue Harding, Marisa Mazo, Wouter Verlinden – to contribute to the 12 November joint online outreach event: Business combinations: disclosures, goodwill and impairment – What are the investors’ views?, held in cooperation with the IASB. Register here.
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27/10/2020 - EFRAG Board webcast meeting 30 October 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Friday 30 October 2020. To watch the live webcast please click here.
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23/10/2020 - EFRAG Endorsement Advice on four amendments to IFRS
EFRAG has completed its due process regarding amendments of IFRS 1, IFRS 3, IFRS 9, IAS 16, IAS 37 and IAS 41 and has submitted its Endorsement Advice letters to the European Commission.
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21/10/2020 - SAVE THE DATE - Changes to the accounting for business combinations: disclosures, goodwill and impairment: reflections from Norway - 9 November 2020
EFRAG, with Norsk RegnskapsStiftelse (Norwegian Accounting Standards Board - NASB), the Norwegian Society of Financial Analysts (NFF) and the IFRS Foundation invites you to a joint outreach event on Monday 9 November 2020 to consider the Norwegian and European Stakeholders’ views on the IASB’s Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment.
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19/10/2020 - EFRAG TEG webcast meeting 21-22 October 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 21 and Thursday 22 October 2020. To watch the webcast please register here.
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19/10/2020 - REMINDER | Joint outreach event on Business Combinations - Disclosures, Goodwill and Impairment hosted by FSR - Danish Auditors, DI, the IASB and EFRAG - 23 October 2020 - 13:30
On 23 October 2020, do not miss the joint event on the IASB Discussion Paper Business Combinations - Disclosures, Goodwill and Impairment, held with FSR - Danish Auditors, DI and EFRAG in cooperation with the IASB. The event will start at 13:30 and end around 16:00. Register here.
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15/10/2020 - EFRAG EFFAS ABAF/BVFA IASB Joint online outreach event - Business combinations, disclosures, goodwill and impairment: what are the views of the investment community? – 12 November 2020
EFRAG, with EFFAS, ABAF/BVFA and the IFRS Foundation invite you to a joint outreach event on Thursday 12 November 2020 to consider the views of users on the IASB’s Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment. Register now.
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15/10/2020 - Changes to the composition of the EFRAG Board
Karin Dohm and Andreas Barckow have stepped down from the EFRAG Board. EFRAG welcomes Ricardo Sanchez and Sven Morich as new EFRAG Board members and Hans Buysse as EFRAG Board Vice-President.
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15/10/2020 - Reminder | EFRAG and IASB joint online outreach event: improving information regarding business combinations and subsequent accounting for goodwill - which way to go? programme - 16 october 2020 – 10:00 (cest)
Tomorrow, do not miss the EFRAG & IASB joint outreach event 'Improving information regarding business combinations and subsequent accounting for goodwill – which way to go? Read the programme and register now.
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14/10/2020 - EFRAG TEG webcast meeting 15 October 2020
EFRAG announces that it will hold an EFRAG TEG webcast meeting on Thursday 15 October 2020. To watch the webcast please register here
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12/10/2020 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendment to IFRS 16 Leases Covid 19-Related Rent Concessions is now reflected in the Endorsement Status Report.
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09/10/2020 - Joint outreach event on Business Combinations - Disclosures, Goodwill and Impairment hosted by FSR - Danish Auditors, DI, the IASB and EFRAG - 23 October 2020 - 13:30
Joint event on 23 October 2020 organised by the FSR – Danish Auditors, the Confederation of Danish Industry (DI), the IASB and EFRAG on the Discussion Paper Business Combinations - Disclosures, Goodwill and Impairment. The objective of this public webinar outreach meeting is to discuss the IASB proposals for new disclosures on business combinations and subsequent accounting for goodwill with Danish and other stakeholders. The event will start at 13:30 and end around 16:00. For more information and registration, please see the invitation or click here.
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08/10/2020 - EFRAG and IASB joint online outreach event: Improving information regarding business combinations and subsequent accounting for goodwill - which way to go? PROGRAMME - 16 October 2020 – 10:00 (CEST)
EFRAG and the IASB invite constituents to participate in their joint outreach event 'Improving information regarding business combinations and subsequent accounting for goodwill – which way to go?' A detailed program is attached to this news item. Register here to attend the event.
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07/10/2020 - Questionnaire for preparers - How could accounting for goodwill be improved - responses welcome till 13 November 2020.
EFRAG has extended its deadline to 13 November 2020 for its questionnaire for preparers with active M&A agendas or material goodwill amounts in the financial statements. The purpose is to collect input on the proposals in the Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment and on EFRAG’s suggestions included in its draft comment letter.
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07/10/2020 - Call for EFRAG TEG Members– Applications welcome till 2 November
EFRAG extended the deadline for the call for candidates for EFRAG TEG members to 2 November to 2020.
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06/10/2020 - EFRAG Board webcast meeting on 8 October 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 8 October 2020. To watch the live webcast please click here.
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06/10/2020 - EFRAG Summary Report on joint DASB-EFRAG-IASB outreach event on PFS on 16 September 2020
EFRAG has issued a report that summarises the discussions during the joint outreach event on the IASB proposals in the Exposure Draft General Presentation and Disclosures. The outreach event took place on 16 September 2020 - in close coordination with the DASB and the IASB. The Dutch and European stakeholders expressed their views on the IASB proposals including the potential implementation and application concerns.
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01/10/2020 - EFRAG Update September 2020
The September 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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01/10/2020 - Invitation to contribute to the ad personam mandate of EFRAG Board President Jean Paul Gauzès on non-financial reporting standard setting
EFRAG Board President Jean-Paul Gauzès invites all interested stakeholders to contribute views related to his ad personam mandate from the European Commission to develop proposals for possible changes to the governance and funding of EFRAG. These proposals will be subject to further public consultation.
Responses are requested by 30 October 2020.
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30/09/2020 - Improving information regarding business combinations and subsequent accounting for goodwill – which way to go? - 16 October 2020
Register now for the joint online outreach event focused on the application of the IASB's proposals to improve disclosures regarding acquisitions and impairment testing on goodwill as well as the question whether goodwill amortisation should be reconsidered, organised by EFRAG, in cooperation with the IASB. The event will take place on 16 October 2020 from 10:00 to 13:00 (CEST).
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30/09/2020 - EFRAG requests comments on its Draft Endorsement Advice on IFRS 17 Insurance Contracts as resulting from the June 2020 Amendments
EFRAG is consulting on both its assessment of IFRS 17 against the technical criteria in the EU and on its assessment of whether IFRS 17 is conducive to the European public good. Comments are requested by 29 January 2021.
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29/09/2020 - Successful launch of the project on preparatory work for the elaboration of possible EU non-financial reporting standards
With a kick-off meeting on 11 September and a second plenary meeting on 28 September, the Project Task Force (PTF-NFRS) has started its ambitious mission of undertaking preparatory work for the elaboration of possible EU non-financial reporting standards. -
26/09/2020 - EFRAG summary report of the Preparers Roundtable on 1 September 2020
EFRAG has issued a report that summarises the findings received from participants in its Preparers Roundtable on the IASB Exposure Draft General Presentation and Disclosures. In the workshop, which was undertaken jointly with Business Europe and the IASB on 1 September 2020, different preparers discussed potential implementation and application concerns, possible need for additional guidance on specific topics and the efforts required to implement and apply the IASB proposals.
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21/09/2020 - EFRAG summary report of the field-test workshop on 24 August 2020
EFRAG has issued a report that summarises the findings from the companies involved in the field-test on the IASB proposals in the Exposure Draft General Presentation and Disclosures. The workshop took place on 24 August 2020 - in close coordination with European National Standard Setters and the IASB, where different companies (corporate and financial institutions) discussed potential implementation and application concerns, whether there is a need for additional guidance and the efforts required to implement and apply the IASB proposals.
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21/09/2020 - EFRAG TEG webcast meeting 24 September 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Thursday 24 September 2020. To watch the webcast please register here.
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17/09/2020 - EFRAG TEG-CFSS webcast meeting September 2020
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Wednesday 23 September 2020. To watch the webcast please register here.
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16/09/2020 - Reminder - Call for EFRAG TEG Members
EFRAG’s call for candidates for its Technical Expert Group (EFRAG TEG) for the 2021 rotation is open until 12 October 2020.
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14/09/2020 - EFRAG's Endorsement Advice on Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)
EFRAG has completed its due process regarding the IASB Amendments Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) and has submitted its Endorsement Advice Letter to the European Commission.
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14/09/2020 - EFRAG TEG webcast meeting 16 September 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 16 September 2020. To watch the webcast please register here.
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11/09/2020 - Your opinion matters – Questionnaire for preparers – How could accounting for goodwill be improved?
EFRAG launches a questionnaire/invitation for an interview for preparers with active M&A agendas or material goodwill amounts in the financial statements. The purpose is to collect input on the proposals in the Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment and on EFRAG’s suggestions included in its draft comment letter. -
11/09/2020 - Register now for the EFRAG & DASB Joint Outreach Event on Primary Financial Statements | Wed. 16 September 2020
What are the Dutch stakeholders’ views on the IASB's ED General Presentation and Disclosures reshaping primary financial statements? Participate in the online joint outreach event co-hosted by EFRAG and the Dutch Accounting Standards Board (DASB), in cooperation with the IASB and find out. Here are the detailed programme and registration page.
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11/09/2020 - EFRAG Board webcast meeting 14 September 2020
EFRAG announces that it will hold an additional EFRAG Board webcast meeting on Monday 14 September 2020 to discuss and approve the final endorsement advice on IBOR Phase 2. To watch the live webcast please click here.
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11/09/2020 - EFRAG TEG webcast meeting 14 September 2020
EFRAG announces that it will hold an additional EFRAG TEG webcast meeting on Monday 14 September 2020 to discuss and approve the final endorsement advice on IBOR Phase 2. To watch the webcast please register here.
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08/09/2020 - EFRAG summary report of the field-test workshop with financial institutions on 7 July 2020
EFRAG has issued a report that summarises the findings received from participants in its field-test on the IASB proposals in the Exposure Draft General Presentation and Disclosures. The workshop took place on 7 July 2020 - in close coordination with European National Standard Setters and the IASB, where different companies (financial institutions) discussed potential implementation and application concerns, whether there is a need for additional guidance and the efforts required to implement and apply the IASB proposals.
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08/09/2020 - EFRAG & DASB Joint Outreach Event on Primary Financial Statements |16 September 2020
EFRAG and the Dutch Accounting Standards Board (DASB), in cooperation with the IASB will hold an outreach event on the IASB's ED General Presentation and Disclosures on Wednesday 16 September, from 12:00 to 15:00. Read the detailed programme and register.
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08/09/2020 - EFRAG Board webcast meeting on 10 September 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 10 September 2020. To watch the live webcast please click here.
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04/09/2020 - Appointed – Members and Chair of the European Lab Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards
The European Lab Steering Group has appointed the members and Chair of the Project Task Force to operate the project on preparatory work for the elaboration of possible EU non-financial reporting standards, mandated to EFRAG by the European Commission.
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31/08/2020 - Reminder: Four EFRAG Draft Endorsement Advices on small amendments to IFRS. Please provide input by 7 September 2020
EFRAG is consulting on its assessment against the technical criteria in the EU and whether the amendments to IFRS 1, IFRS 3, IFRS 9, IAS 16, IAS 37 and IAS 41 are conducive to the European public good.
Comments are requested by 7 September 2020.
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31/08/2020 - EFRAG Update August 2020
The August 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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28/08/2020 - EFRAG TEG webcast meeting 2&3 September 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 2 and Thursday 3 September 2020. To watch the webcast please register here.
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28/08/2020 - EFRAG requests comments on its Draft Endorsement Advice on IBOR Phase 2 (amendments to IFRS 9, IAS 39, IFRS 7 and IFRS 16)
EFRAG is consulting on its assessments of Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) against the technical criteria and whether the Amendments are conducive to the European public good. Comments are requested by 7 September 2020. EFRAG invites constituents to participate to a public outreach event on 7 September (16.30) to provide their comments.
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26/08/2020 - EFRAG summary report of the field-test workshop with corporates on 7 July 2020
EFRAG has issued a report that summarises the findings received from participants in its field-test on the IASB Exposure Draft General Presentation and Disclosures. The workshop was undertaken in close coordination with European National Standard Setters and the IASB on 7 July 2020 where different companies (corporates) discussed potential implementation and application concerns, whether there is a need for additional guidance and the efforts required to implement and apply the IASB proposals.
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19/08/2020 - EFRAG online joint outreach event: Primary Financial Statements - Preparers Round-table | 1 September 2020 | Programme
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19/08/2020 - EFRAG TEG webcast meeting 24 August 2020
EFRAG announces that it will hold an EFRAG TEG webcast meeting on Monday 24 August 2020. To watch the webcast please register
here.
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19/08/2020 - EFRAG Board webcast meeting 24 August 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Monday 24 August 2020. To watch the live webcast please click here.
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04/08/2020 - Save the Date – ASCG outreach event on PFS with participation of EFRAG and the IASB
EFRAG Project Director Kathrin Schoene will take part in a public outreach event organised by the German Standard Setter (ASCG) on the IASB’s Exposure Draft General Presentation and Disclosures. The representatives from the IASB will participate in the 2 outreach events held on 7 and 11 September 2020.
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03/08/2020 - Co-Chairs appointed to lead the European Lab Project Task Force on reporting of non-financial risks and opportunities and linkage to the business model
Mario Abela and Dawn Slevin have been appointed as co-Chairs of the European Lab Project Task Force on reporting of non-financial risks and opportunities and linkage to the business model.
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03/08/2020 - EFRAG Update July 2020
The July 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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03/08/2020 - Save the Date - IBOR Reform - Phase 2: Do the Amendments meet the endorsement criteria in the EU?
EFRAG is organising a public outreach event on the endorsement of the IASB's Amendments on Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 4, IFRS 16 and IFRS 7) on Monday 7 September 2020 from 16:00 till 17:30, CEST.
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24/07/2020 - Save the date | Joint Outreach on General Presentation and Disclosures | 16 September 2020
EFRAG and the DASB will host an online joint outreach event focused on the IASB proposals on primary financial statements, in cooperation with the IASB on Wednesday 16 September. Register now.
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20/07/2020 - EFRAG's Discussion Paper on the accounting for crypto-assets (liabilities) - holder and issuer perspective
EFRAG has published a Discussion Paper to gather constituents' views on the accounting for crypto-assets (liabilities) from a holder and issuer perspective. Comments are welcome throughout a 12-month period from the date of issuance until 31 July 2021. Comments provided earlier during the consultation period will be welcome. The consultation period caters for constituents’ impacted priorities and any constraints faced due to the current pandemic. It also allows EFRAG sufficient time to obtain as much feedback as possible. -
20/07/2020 - Extended deadline | EFRAG seeks candidates for Financial Reporting Project Director: as employee or on secondment
EFRAG extends the deadline for applications to the position of Financial Reporting Project Director till 31 August. The selected candidate will provide leadership to EFRAG’s technical financial reporting activities and to join the management team. EFRAG would be open to the suitable candidate working as employee or on secondment. Read the complete job description.
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17/07/2020 - Apply now to join the new European Lab Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards
The European Reporting Lab @EFRAG (European Lab) is seeking candidates to participate in the new European Lab Project Task Force on preparatory work for the elaboration of possible EU non-financial reporting standards. Applications should be submitted electronically by 17 August 2020.
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14/07/2020 - EFRAG Board webcast meeting on 16 July 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 16 July 2020. To watch the live webcast please click here.
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14/07/2020 - REMINDER | EFRAG seeks candidates for Financial Reporting Project Director
There is still time to send your application for the position of Financial Reporting Project Director at EFRAG to provide leadership to its technical financial reporting activities and to join our management team. Read the complete job description.
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14/07/2020 - Save the Date - Preparers roundtable on Primary Financial Statements -1 September 2020 - 9:30 to 12:000
Online joint outreach event focused on the application of the IASB proposals with insights of the field testing of the Primary Financial Statements proposals organised by EFRAG and Business Europe, in cooperation with the IASB. The event will take place on 1 September 2020 from 09:30 to 12:00 (CEST).
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10/07/2020 - Summary Report on the Joint Online Outreach Events on Primary Financial Statements with EFFAS, BVFA/ABAF and the IASB
EFRAG, in collaboration with EFFAS, BVFA/ABAF and the IASB has published the Summary Report on the two Joint Online Outreach Events held on 19 and 26 May 2020 on the IASB Exposure Draft General Presentation and Disclosures.
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09/07/2020 - Call for EFRAG TEG Members
EFRAG is calling for candidates for its Technical Expert Group (EFRAG TEG) for the 2021 rotation. Applications should be sent to EFRAG at the latest by 12 October 2020. -
06/07/2020 - EFRAG's endorsement advice on the extension of the temporary exemption from Applying IFRS 9 (Amendments to IFRS 4)
EFRAG has completed its due process regarding the extension of the temporary exemption from applying IFRS 9 (Amendments to IFRS 4)
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06/07/2020 - EFRAG seeks secondments
EFRAG is looking for technical managers with IFRS experience on a full time or part-time basis seconded from your firm or company or as a service-provider from your firm or company. Applications are welcome by 15 August 2020, addressed to Saskia Slomp (EFRAG CEO) at Rh@efrag.org .
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06/07/2020 - Summary Report on the Joint Online Outreach Event on Primary Financial Statements with the NASB, NFF and the IASB
EFRAG, in collaboration with the NASB, NFF and the IASB has published the Summary Report on the Joint Online Outreach Event held on 17 June 2020 on the IASB Exposure Draft General Presentation and Disclosures.
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06/07/2020 - EFRAG Endorsement Status Report - Update
The ARC vote by written procedure on Covid-19-Related Rent Concessions (amendment to IFRS 16) is now reflected in the EFRAG Endorsement Status Report.
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06/07/2020 - EFRAG TEG webcast meeting 8 July 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 8 July 2020. To watch the webcast please register here.
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03/07/2020 - EFRAG TEG webcast meeting 6 July 2020
EFRAG announces that it will hold an additional EFRAG TEG webcast meeting on Monday 6 July 2020 to discuss IFRS 4 Insurance contract.To watch the webcast please register here.
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03/07/2020 - EFRAG Board webcast meeting 6 July 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Monday 6 July 2020. To watch the live webcast please click here.
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02/07/2020 - EFRAG mandated to provide recommendations on possible European Non-Financial Reporting Standards
Executive Vice President Valdis Dombrovskis has issued a request for technical advice mandating EFRAG to undertake preparatory work for possible EU Non-Financial Reporting Standards in a revised Non-Financial Reporting Directive (NFRD).
In addition, Executive Vice President Valdis Dombrovskis has invited EFRAG Board President and European Lab Steering Group Chairman Jean Paul Gauzès to consider the possible need for changes to the governance and financing of EFRAG in the context of the possible development of European non-financial reporting standards.
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01/07/2020 - Summary Report on the Joint Online Outreach Event on Primary Financial Statements with the FSR, DI and the IASB
EFRAG, in collaboration with the FSR, DI and the IASB has published the Summary Report on the Joint Online Outreach Event held on 14 May 2020 on the IASB Exposure Draft General Presentation and Disclosures.
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01/07/2020 - EFRAG Update June 2020
The June 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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29/06/2020 - EFRAG TEG webcast meeting 1&2 July 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 1 and Thursday 2 July 2020. To watch the webcast please register here .
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29/06/2020 - EFRAG TEG-CFSS webcast meeting July 2020
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Wednesday 1 July 2020. To watch the webcast please register here.
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25/06/2020 - EFRAG requests comments on its Draft Endorsement Advice on Annual Improvements to IFRS Standards 2018-2020
EFRAG is consulting on both its assessment of Annual Improvements to IFRS Standards 2018-2020 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 7 September 2020.
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25/06/2020 - EFRAG requests comments on its Draft Endorsement Advice on Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16)
EFRAG is consulting on both its assessment of Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) 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 7 September 2020.
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25/06/2020 - EFRAG requests comments on its DEA on Extension of the Temporary Exemption from Applying IFRS 9 (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. Highlighting that the entire endorsement process is urgent, EFRAG requests your comments by 3 July 2020. -
24/06/2020 - EFRAG requests comments on its Draft Endorsement Advice on Reference to the Conceptual Framework (Amendments to IFRS 3)
EFRAG is consulting on its assessment of Reference to the Conceptual Framework (Amendments to IFRS 3) 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 7 September 2020.
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24/06/2020 - EFRAG requests comments on its Draft Endorsement Advice on Onerous Contracts - Cost of Fulfilling a Contract (Amendments to IAS 37)
EFRAG is consulting on its assessment of Onerous Contracts - Cost of Fulfilling a Contract (Amendments to IAS 37) 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 7 September 2020.
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18/06/2020 - EFRAG seeks candidates for Project Director
EFRAG is calling for candidates to fill the position of Project Director to provide leadership to its technical financial reporting activities and to join the EFRAG management team.
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16/06/2020 - REMINDER | EFRAG Online Joint Outreach Event: Changing the Income Statement – Norwegian Perspectives | 17/06/20
Tomorrow do not miss our public webinar discussing the new shape of primary financial statements with the Norwegian Accounting Standards Board, the Norwegian Society of Financial Analysts and the IASB. Register now!
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11/06/2020 - EFRAG Board webcast meeting on 16 June 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Tuesday 16 June 2020. To watch the live webcast please click here.
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08/06/2020 - EFRAG online joint outreach event: Changing the Income Statement – Norwegian Perspectives | 17/06/20 | Programme
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04/06/2020 - Second European Lab Project Task Force appointed
The European Lab Steering Group has appointed the Project Task Force for its second project on reporting of non-financial risks and opportunities and linkage to the business model
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03/06/2020 - EFRAG's Endorsement Advice on Covid-19-Related Rent Concessions (Amendment to IFRS 16)
EFRAG has completed its due process regarding Covid-19-Related Rent Concessions (Amendment to IFRS 16) and has submitted its Endorsement Advice Letter to the European Commission.
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03/06/2020 - EFRAG has published its Final Comment Letter in response to the IASB's ED Classification of Liabilities as Current or Non-current - Deferral of Effective Date
EFRAG has published its Final Comment Letter in response to the IASB's Exposure Draft ED/2020/3 Classification of Liabilities as Current or Non-current - Deferral of Effective Date (proposed amendments to IAS 1).
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02/06/2020 - EFRAG Update May 2020
The May 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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29/05/2020 - EFRAG TEG meeting June 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 3 and Thursday 4 June 2020. To watch the webcast please register here .
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29/05/2020 - EFRAG Draft Comment Letter on IASB DP 'Business Combinations — Disclosures, Goodwill and Impairment'
EFRAG has published its Draft Comment Letter in response to the IASB's Discussion Paper DP/2020/1 Business Combinations—Disclosures, Goodwill and Impairment. Comments on the draft comment letter are requested by 30 November 2020. -
29/05/2020 - Save the Date - EFRAG online joint outreach event: Changing the Income Statement – Norwegian perspectives
Register for the online joint outreach event on Primary Financial Statements organised by EFRAG, the Norwegian Accounting Standards Board (NASB), the Norwegian Society of Financial Analysts (NFF) and the IASB.
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27/05/2020 - EFRAG has published its Final Comment Letter in response to the IASB's ED Interest Rate Benchmark Reform – Phase 2
EFRAG has published its Final Comment Letter in response to the IASB's Exposure Draft ED/2020/1 Interest Rate Benchmark Reform – Phase 2 (proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16).
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22/05/2020 - Join EFRAG Board-TEG webcast meeting on 26 May 2020
EFRAG announces that it will hold its EFRAG Board-TEG webcast meeting on Tuesday 26 May 2020. To watch the live webcast please click here.
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20/05/2020 - REMINDER | Joint outreach event: Time for a facelift? A new look for the income statement – General Disclosure Requirements | 26 May 2020
There is still time to register for our joint user outreach event on the new shape foreseen for income statement disclosures on Tuesday 26 May at 17:00 (CEST). Read the programme and register online here.
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19/05/2020 - EFRAG releases its 2019 Annual Review
Find out more about EFRAG’s activities in 2019 and the first months of 2020 in our Annual Review.
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15/05/2020 - REMINDER | JOINT OUTREACH EVENT: TIME FOR A FACELIFT? A NEW LOOK FOR THE INCOME STATEMENT – PRESENTATION | 19 MAY 2020
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14/05/2020 - EFRAG Board webcast meeting May 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Monday 18 May 2020. To watch the webcast please register here.
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13/05/2020 - REMINDER | Online Joint Outreach Event on Primary Financial Statements hosted by EFRAG, FSR, DI and the IASB - 14/05/20
EFRAG is looking forward to welcoming the participants to its online joint outreach event on Primary Financial Statements tomorrow (14/05/20) at 9:30. The speakers, the agenda, and the polling questions instructions are available on our website.
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12/05/2020 - EFRAG's Final Comment Letter on the IASB's Exposure Draft ED/2020/2 Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16)
EFRAG has published its Final Comment Letter in response to the IASB's Exposure Draft ED/2020/2 Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16). The Final Comment Letter is available here.
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08/05/2020 - EFRAG Board webcast meeting May 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Monday 11 May 2020. To watch the webcast please register here.
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08/05/2020 - EFRAG TEG webcast meeting May 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Monday 11 May 2020. To watch the webcast please register here.
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08/05/2020 - EFRAG's Draft Comment Letter on the IASB's ED/2020/3 Classification of Liabilities - Deferral of Effective Date - Proposed amendments to IAS 1
EFRAG has published its Draft Comment Letter in response to the IASB's Exposure Draft Classification of Liabilities - Deferral of Effective Date - Proposed amendments to IAS 1 and seeks constituents' views on the proposals. Comments on the Draft Comment Letter are requested by 25 May 2020.
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06/05/2020 - REMINDER | Online Joint Outreach Event on Primary Financial Statements hosted by EFRAG, the FSR, DI and the IASB | 14 May - 9:30 am | Speakers announced
There is still time to register for our joint outreach event on the IASB’s ED on General Presentation and Disclosures on 14 May, from 9:30 to 12:00 am CEST. Along with the announced speakers, Françoise Flores, IASB Board Member and Chiara Del Prete, EFRAG TEG Chairwoman will discuss the new shape of the primary financial statements.
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04/05/2020 - EFRAG TEG webcast meeting May 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 6 May 2020. To watch the webcast please register here.
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01/05/2020 - EFRAG draft comment letter and preparatory draft of the Endorsement Advice on IASB ED/2020/2 Covid-19-Related Rent Concessions (amendment to IFRS 16)
EFRAG has published a Draft Comment Letter and a preparatory draft of the Endorsement Advice on the IASB ED/2020/2 Covid-19-Related Rent Concessions (amendment to IFRS 16). Comments on the draft comment letter are requested by 7 May, and for the preparatory draft Endorsement Advice by 20 May.
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30/04/2020 - EFRAG Update April 2020
The April 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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29/04/2020 - EFRAG Public Outreach Covid-19-Related Rent Concessions 7 May 18:15 CEST
EFRAG is organizing a public outreach on the IASB ED/2020/2 Covid-19-Related Rent Concessions (amendment to IFRS 16) with the participation of EFRAG CFSS on Thursday 7 May from 18:15 till 19:15, CEST
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28/04/2020 - Feedback statement on EFRAG Discussion Paper Accounting for Pension Plans with an Asset-Return Promise
EFRAG has published a feedback statement on its Discussion Paper Accounting for Pension Plans with an Asset-Return Promise.
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27/04/2020 - EFRAG Joint User Outreach Webinars - Time for a face-lift? A new look for the income statement – 19 &26 May 2020 – Speakers announced
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27/04/2020 - EFRAG TEG webcast meeting April 2020
EFRAG announces that it will hold an additional EFRAG TEG webcast meeting on Wednesday 29 April 2020. To watch the webcast please register here
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27/04/2020 - EFRAG extends its consultation period on Primary Financial Statements
Recognising the impact of the COVID-19 pandemic, on 17 April 2020 the IASB decided to extend the consultation period of its Exposure Draft on General Presentation and Disclosures (ED) by approximately three months. EFRAG has adjusted its timelines accordingly, considering the priorities of its stakeholders during the current pandemic and extended the comment period for its Draft Comment Letter on the ED until 28 September 2020 and its period of field testing until 31 August 2020.
To collect input from the community of interested preparers that are unable to participate in EFRAG's field-tests under the present circumstances, EFRAG is planning an online event on 1 September 2020
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23/04/2020 - Online joint outreach event on Primary Financial Statements hosted by EFRAG, FSR, DI and the IASB - 14/05/20
EFRAG invites you to its joint event on 14 May with the FSR – Danish Auditors, the Confederation of Danish Industry (DI) and the IASB on the Exposure Draft General Presentation and Disclosures. The main objective of this public webinar meeting is to discuss the IASB proposals for a new shape of the primary financial statements with Danish and other stakeholders.The event will open at 9:30 and close around 12:00. For more information and registration, please see the invitation or click here. -
23/04/2020 - EFRAG's draft comment letter on the IASB's ED/2020/1 Interest Rate Benchmark Reform - Phase 2 (proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2020/1 Interest Rate Benchmark Reform - Phase 2 (proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 15 May 2020.
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22/04/2020 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IFRS 3 Business Combinations: Definition of a business combination is now reflected in the Endorsement Status Report.
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20/04/2020 - EFRAG Board webcast meeting April 2020
EFRAG announces that it will hold its EFRAG Board webcast meeting on Tuesday 21 April 2020. To watch the live webcast please click here.
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15/04/2020 - EFRAG TEG webcast meeting April 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Thursday 16 April 2020. To watch the webcast please register here. -
08/04/2020 - EFRAG extends application deadline to 4 May 2020 for joining the new European Lab Project Task Force on reporting of non-financial risks and opportunities and linkage to the business model
The call for candidates to become members of the new European Lab Project Task Force on reporting of non-financial risks and opportunities and linkage to the business model is now extended to 4 May 2020. Applications should be sent to nominations@efrag.org.
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07/04/2020 - EFRAG TEG webcast meeting April 2020
EFRAG announces that it will hold an additional EFRAG TEG webcast meeting on Wednesday 8 April 2020 to discuss the IASB Research Project Goodwill and Impairment. To watch the webcast please register here -
01/04/2020 - EFRAG TEG webcast meeting April 2020
EFRAG announces that it will hold an additional EFRAG TEG webcast meeting on Monday 6 April 2020 to discuss the IASB Research Project Goodwill and Impairment. To watch the webcast please register here.
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01/04/2020 - Time for a facelift? A new look for the income statement | Webinars 19 & 26 May 2020 | SAVE THE DATE
EFRAG, with EFFAS, BVFA/ABAF and IFRS Foundation invites you to a joint user outreach event, composed of two webinars on 19 and 26 of May 2020 on the Exposure Draft General Presentation and Disclosures published by the International Accounting Standards Board.
WEBINAR 19 May 2020 – 17:00 - 18.15 (CET)
WEBINAR 26 May 2020 – 17:00 - 18.15 (CET)
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31/03/2020 - EFRAG Update March 2020
The March 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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31/03/2020 - EFRAG's pre-consultation document on the IASB's forthcoming ED on IBOR Phase 2
In order to allow for additional consultation time, EFRAG publishes a pre-consultation document, in anticipation of the IASB's forthcoming Exposure Draft IBOR Phase 2 ('the ED'). EFRAG's draft comment letter will replace this pre-consultation document later in April. EFRAG seeks constituents' views on the proposals by 15 May 2020.
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27/03/2020 - EFRAG requests the IASB to extend its consultation periods
In the context of the pandemic, EFRAG has sent a letter to the IASB requesting longer consultation periods.
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27/03/2020 - Article | Joint networking event EFRAG and the IFRS Foundation Trustees | 18 Feb. 2020
The article on the networking stakeholder event co-hosted with the IFRS Foundation Trustees on 18 February 2020 is now available.
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26/03/2020 - EFRAG Letter to the IASB on IFRS17 amendments
EFRAG publishes a letter that was sent to the IASB acknowledging the progress made so far and drawing attention to the annual cohort requirement.
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25/03/2020 - EFRAG TEG webcast meeting March 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Thursday 26 March 2020. To watch the webcast please register here.
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24/03/2020 - EFRAG TEG-CFSS webcast meeting March 2020
EFRAG announces that it will hold its EFRAG TEG-CFSS webcast meeting on Wednesday 25 March 2020. To watch the webcast please register here.
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19/03/2020 - EFRAG Alert related to the spread of the coronavirus
The coronavirus (COVID-19) pandemic is affecting us all and is leading to far-reaching health and safety measures. EFRAG fully complies with the relevant Belgian measures and prioritises the health and well-being of our staff and stakeholders whilst continuing to operate as effectively as possible.
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17/03/2020 - EFRAG Board webcast meeting March 2020
Due to some technical issues, the broadcast of the public sessions of todays' EFRAG Board meeting will not be possible. We will record the meeting and upload the audio recording after the meeting.
Sorry for the inconveniences.
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13/03/2020 - EFRAG announces the composition of its Advisory Panel on Intangibles
EFRAG TEG has approved the composition of the EFRAG Advisory Panel on Intangibles. EFRAG welcomes Florian Bercault, Ian Bishop, Giorgio Calimani, Laure Chatillon, Alexandre Goncalves, Laurine Lemon, Gianluca Manca, Marietta Miemietz, Bertrand Perrin, Laurent Pieraerts, Jochem Quaak, Ivars Strautins, Jeremy Stuber, Ton van Ooijen, Jesús Valero and Hanno Wulbrand as members of the EFRAG Advisory Panel on Intangibles.
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13/03/2020 - Apply now to join the European Lab Project Task Force on reporting of non-financial risks and opportunities and linkage to the business model
Call for candidates to become members of the new European Lab Project Task Force on reporting of non-financial risks and opportunities and linkage to the business model. Applications should be sent to nominations@efrag.org by 10 April 2020. Expressions of interest are also sought for those who would like to participate in future outreach events of the new project. -
10/03/2020 - EFRAG March Meetings - Alert related to the spread of the coronavirus
The uncertainty around the coronavirus (COVID-19) affects us all and we want to reduce the risk inherent to a European organisation. EFRAG has decided to turn all physical meetings scheduled for March into webcast meetings.
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06/03/2020 - EFRAG invites companies to participate in the field-test on the IASB's project Primary Financial Statements
EFRAG, in close coordination with European National Standard Setters and the IASB, will conduct field-testing of the IASB's proposals included in the Exposure Draft ED/2019/7 General Presentation and Disclosures (ED), which were published in December 2019. The purpose of the field-testing is to identify potential implementation and application concerns, to determine whether there is a need for additional guidance, and to estimate the effort required to implement and apply the proposals.
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28/02/2020 - EFRAG User Update February 2020
The February 2020 edition of the EFRAG User Update provides users of financial statements with information about EFRAG's main the publications, discussions held and decisions taken since the previous update. This with the objective of keeping users of financial statements updated in the field of financial reporting. EFRAG User Update can be downloaded below and under the menu 'User Corner'.
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28/02/2020 - EFRAG Update February 2020
The February 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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28/02/2020 - EFRAG TEG meeting March 2020
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 4 and Thursday 5 March 2020. To watch the webcast please register here. -
28/02/2020 - Joint EFRAG TEG-User Panel meeting March 2020
EFRAG announces that it will hold its joint EFRAG TEG-User Panel meeting on Wednesday 4 March 2020. To watch the webcast please register here.
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25/02/2020 - Visit the European Corporate Reporting Lab @EFRAG
Discover in 2 minutes how the European Corporate Reporting Lab @EFRAG (European Lab) stimulates innovation in the field of corporate reporting in Europe, by identifying and sharing good practices.
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24/02/2020 - EFRAG draft comment letter on Primary Financial Statements
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft 2019/7 General Presentation and Disclosures and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 19 June 2020, by close of business.
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21/02/2020 - EFRAG announces the new composition of its Rate-regulated Activities Working Group
EFRAG TEG approved the new composition of the EFRAG Rate-regulated Activities Working Group. The EFRAG RRA Working Group welcomes Giorgio Alessio Acunzo, Jean Louis Caulier, Claire Dusser, Isabelle Nuss and Samuel Vaughan as new members and Gerard van Santen as new Chair.
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18/02/2020 - Reminder: EFRAG calls for candidates for an advisory panel on intangibles
The application deadline is 21 February 2020.
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14/02/2020 - EFRAG Board meeting February 2020
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 18 February 2020. To watch the live webcast please click here.
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14/02/2020 - Summary brochure on recent report: How to improve climate-related reporting – A summary of good practices from Europe and beyond
This summary brochure highlights key messages and findings of the recent report "How to improve climate-related practices -A summary of good practices from Europe and beyond"issued by the Project Task Force on Climate-related Reporting at the European Corporate Reporting Lab @ EFRAG. The report and its two supplement documents analyse reporting practices on climate-related disclosures and scenario analysis.
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10/02/2020 - Joint Networking Event EFRAG and the IFRS Trustees Foundation - 18/02/2020
EFRAG and the IFRS Foundation Trustees, will organise a joint European networking event : Financial reporting: remaining relevant in a changing environment, on 18 February 2020 evening in Brussels.
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06/02/2020 - ‘How to improve climate-related reporting – A summary of good practices from Europe and beyond’, a report from the Project Task Force of Climate-related Reporting of the European Lab
Today, the Project Task Force of Climate-related Reporting of the European Lab launched its report: ‘How to improve climate-related reporting – A summary of good practices from Europe and beyond’. To mark the occasion a networking event was organised at EFRAG’s premises, with Pascal Canfin, Chair of the EP ENVI Committee, Michèle Lacroix, Chair of Project Task Force on Climate-related Reporting, and Alain Deckers, Head of Unit, EC DG FISMA and Vice-Chairman European Lab Steering Group.
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05/02/2020 - Literature review on intangibles
EFRAG publishes a literature review on intangibles as part of its research project on better information on intangibles. -
04/02/2020 - EFRAG TEG webcast meeting February 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 5 February 2020. To watch the webcast please register here.
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04/02/2020 - REMINDER | INVITATION - Launching event - 06/02/20 - Report of European Lab Project Task Force on Climate-related Reporting
The European Corporate Reporting Lab @EFRAG is pleased to invite you to the launching event of the European Lab Project Task Force on Climate-related Reporting report: How to Improve Climate-related Reporting - A Summary of Good Practices from Europe and Beyond, on this Thursday, 6 February.
Pascal Canfin, Chair EP Committee on the Environment, Public Health and Food Safety, will be the guest speaker.
The event will start at 16:00, please note the new venue: Ground floor reception room, 35 Square de Meeûs 1000 Brussels.
Register now at cristina.rodriguez@efrag.org.
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03/02/2020 - EFRAG Update January 2020
The January 2020 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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30/01/2020 - EFRAG’s advice to the European Commission on the measurement of long-term investments in equity instruments
EFRAG publishes its advice to the European Commission on alternative accounting treatments to measurement at fair value through profit or loss for equity and equity-type instruments held in long-term investment business models.
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28/01/2020 - IFRS 17 Limited update of 2018 Case Studies
EFRAG is calling for expressions of interest from European insurance companies in participating in its limited update of the case studies relating to IFRS 17 Insurance Contracts. Expressions of interest should be submitted by close of business on Friday 28 February 2020.
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24/01/2020 - EFRAG TEG meeting January 2020
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 29 and Thursday 30 January 2020. To watch the webcast please register here. -
23/01/2020 - EFRAG Endorsement Status Report - Update
The publication of Classification of Liabilities as Current or Non-current (amendments to IAS 1 Presentation of Financial Statements) is now reflected in the Endorsement Status Report
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22/01/2020 - EFRAG's feedback statement on IASB Exposure Draft ED/2019/6 Disclosure of Accounting Policies.
EFRAG published its feedback statement on the IASB Exposure Draft ED/2019/6 Disclosure of Accounting Policies.
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21/01/2020 - EFRAG Advisory Panel on Intangibles: Call for candidates
How does an entity create, maintain and enhance value? What information about intangibles do investors need but cannot find in the financial statements?
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17/01/2020 - Invitation for launching event -6/02/20 - Report of European Lab Project Task Force on Climate-related Reporting
The European Corporate Reporting Lab @EFRAG is pleased to invite you to the launching event of a report on Climate-related Reporting, on 6 February. Pascal Canfin, Chair EP Committee on the Environment, Public Health and Food Safety, will be the guest speaker. The event will start at 16:00 and take place at the EFRAG offices, register now at cristina.rodriguez@efrag.org.
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17/01/2020 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Interest Rate Benchmark Reform: Amendments to IFRS 9, IAS 39 and IFRS 7 is now reflected in the Endorsement Status Report.
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13/01/2020 - REMINDER - EFRAG Rate-Regulated Activities Working Group is open for new members
EFRAG launches a call for applicants for its Rate-regulated Activities Working Group (EFRAG RRAWG).
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09/01/2020 - EFRAG Board meeting January 2020
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 14 January 2020. To watch the live webcast please click here.
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08/01/2020 - EFRAG Board President awarded the order of Officier de la Légion d’Honneur
EFRAG congratulates Jean-Paul Gauzès, EFRAG Board President, on being awarded the order of Officier de la Légion d'Honneur, one of the highest national distinctions in France.
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07/01/2020 - New EFRAG TEG Composition
The new EFRAG TEG composition has been approved by the EFRAG Board. EFRAG TEG will welcome four new members: Jens Berger, Erlend Kvaal, David Procházka and Christoph Schauerte. Six EFRAG TEG members have been reappointed: Nicklas Grip (EFRAG TEG Vice-Chair), Ana Rosa Cortez, Geert Ewalts, Emmanuelle Guyomard, Ambrogio Virgilio and Jed Wrigley.
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06/01/2020 - EFRAG TEG webcast meeting January 2020
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 8 January 2020. To watch the webcast please register here.
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06/01/2020 - EFRAG Update December 2019
The December 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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19/12/2019 - Happy holidays!
The EFRAG Team wishes you a joyful winter break and all the best for 2020.
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18/12/2019 - Call for EFRAG Rate-regulated Activities Working Group members
EFRAG has decided to renew the membership of its Rate-regulated Activities Working Group (EFRAG RRAWG).
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18/12/2019 - Change to the composition of the EFRAG Board
EFRAG says goodbye to Stig Enevoldsen and welcomes Søren Kok Olsen as EFRAG Board member for one of the National Standard Setters seats from 1 January 2020.
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16/12/2019 - EFRAG Board meeting December 2019
EFRAG announces that it will hold its EFRAG Board meeting on Wednesday 18 December 2019. To watch the live webcast please click here.
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12/12/2019 - EFRAG's Comment Letter on the IASB Exposure Draft ED/2019/6 Disclosure of Accounting Policies.
EFRAG has published its Comment Letter in response to the IASB's Exposure Draft ED/2019/6 Disclosure of Accounting Policies (Proposed Amendments to IAS 1 and IFRS Practice Statement 2) (the ED).
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11/12/2019 - EFRAG Endorsement Status Report Update
The endorsement by the European Commission of Amendments to IAS 1 and IAS 8 is now reflected in the Endorsement Status Report.
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09/12/2019 - EFRAG's feedback statement on IASB ED Amendments to IFRS 17
EFRAG published its feedback statement to the IASB ED/2019/4 Amendments to IFRS 17 -
09/12/2019 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to References to the Conceptual Framework in IFRS Standards is now reflected in the Endorsement Status Report. -
06/12/2019 - EFRAG Board webcast meeting December 2019
EFRAG announces that it will hold its EFRAG Board webcast meeting on Wednesday 11 December 2019. To watch the webcast please register here.
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06/12/2019 - EFRAG Conference - IFRS & Regulation: Searching for Common Ground – Video recordings available
EFRAG is pleased to share the video recordings of its November Conference: IFRS & Regulation: Searching for Common Ground. In two parts you can watch the keynote speeches provided by Michel Prada and Steven Maijoor, followed by two thought-provoking panel discussions.
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03/12/2019 - EFRAG Update November 2019
The November 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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02/12/2019 - EFRAG thanks its Technical Director: Patricia McBride
Our Technical Director, Patricia McBride, retired from EFRAG at the end of November 2019. We are grateful for the invaluable contributions she made and her commitment to EFRAG for approximately 6 years. We wish her much happiness as she begins a new chapter of her life.
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29/11/2019 - EFRAG TEG meeting December 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 4 and Thursday 5 December 2019. To watch the webcast please register here.
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29/11/2019 - EFRAG TEG-CFSS meeting December 2019
EFRAG announces that it will hold its EFRAG TEG-CFSS meeting on Wednesday 4 December 2019. To watch the webcast please register here. -
28/11/2019 - IFRS & Regulation: Searching for Common Ground - Europe has a leading role to play in shaping future financial reporting standards
High-level speakers discussed the dynamics between IFRS standards and regulation of financial reporting at the conference organised by the European Financial Reporting Advisory Group (EFRAG).
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20/11/2019 - EFRAG Conference – 28/11/19 IFRS & Regulation: Searching for Common Ground
EFRAG’s high-level conference: IFRS & Regulation: Searching for Common Ground is coming soon. Join us on the afternoon of 28 November in Brussels to hear Michel Prada and Steven Maijoor as keynote speakers followed by two panels with distinguished speakers.
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19/11/2019 - EFRAG welcomes Kathrin Schöne as Project Director
EFRAG Board is delighted to announce the appointment of Kathrin Schöne as Project Director. Kathrin started with EFRAG on 18 November 2019.
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14/11/2019 - EFRAG final comment letter on the IASB exposure draft ED/2019/5 Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction - Proposed amendments to IAS 12
EFRAG has published its final comment letter in response to the IASB's Exposure Draft ED/2019/5 Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction - Proposed amendments to IAS 12.
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08/11/2019 - EFRAG's feedback statement on its comment letter to IASB ED/2019/1 Interest Rate Benchmark Reform
EFRAG has published its feedback statement on its final comment letter to the IASB's ED2019/1 Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39). -
08/11/2019 - EFRAG Board meeting November 2019
EFRAG announces that it will hold its EFRAG Board meeting on Wednesday 13 November 2019. To watch the live webcast please click here.
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08/11/2019 - EFRAG Conference – 28/11/19 - IFRS & Regulation: Searching for Common Ground | Full Programme published!
EFRAG presents the full programme for its conference on 28 November with Michel Prada, former IFRS Foundation Trustees Chairman and former Chairman of the French Regulator AMF, and Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA) as keynote speakers. Registration is open: send an email to cristina.rodriguez@efrag.org.
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06/11/2019 - EFRAG Endorsement Status Report - Update
The ARC vote by written procedure on Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7) is now reflected in the EFRAG Endorsement Status Report.
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31/10/2019 - EFRAG TEG meeting November 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Tuesday 5 and Wednesday 6 November 2019. To watch the webcast please register here. -
31/10/2019 - EFRAG Update October 2019
The October 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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30/10/2019 - EFRAG Conference - 28/11/19 - IFRS & Regulation: Searching for Common Ground | Keynote speaker
EFRAG is very pleased to announce that Steven Maijoor, the Chair of the European Securities and Markets Authority (ESMA) will provide one of the keynote speeches at our conference IFRS & Regulation: Searching for Common Ground on 28 November from 13:00 to 18:00, in Brussels. -
23/10/2019 - Speakers at the EFRAG Conference - 28/11/19 - IFRS & Regulation: Searching for Common Ground
See our confirmed speakers and panelists for our conference in the afternoon of 28 November in Brussels. The full programme will be published soon! Register now for the conference with cristina.rodriguez@efrag.org
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23/10/2019 - The European Corporate Reporting Lab @EFRAG has published a feedback statement on its agenda consultation and announces its next project
The European Corporate Reporting Lab @EFRAG has published a feedback statement summarising the input received from the public consultation on the European Lab's future agenda. At its October meeting, the European Lab Steering Group considered the feedback received and decided that the European Lab's second project will be on Reporting of non-financial risks and opportunities, and linkage to the business model (i.e. Project 2 in the consultation).
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23/10/2019 - Roundtable on the future agenda of the European Corporate Reporting Lab @EFRAG on 10 September 2019 - Summary Report
A summary report of the roundtable held by the European Corporate Reporting Lab @EFRAG (European Lab) on 10 September 2019 on its future agenda is now available.
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21/10/2019 - Video presentation – EFRAG’s discussion paper: Accounting for Pension Plans with an Asset-return Promise is still open for comments until 15 November
Discover EFRAG’s discussion paper Accounting for Pension Plans with an Asset-return Promise with a brief video prepared by EFRAG’s pension plans team. Comments on the discussion paper are welcome by 15 November.
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17/10/2019 - EFRAG's feedback statement on IASB ED/2019/3 Reference to the Conceptual Framework
EFRAG has published a feedback statement following submitting its comment letter on the IASB ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3). -
16/10/2019 - EFRAG ENDORSEMENT ADVICE ON INTEREST RATE BENCHMARK REFORM (THE AMENDMENTS TO IFRS 9, IAS 39 AND IFRS 7)
EFRAG has completed its due process regarding Interest Rate Benchmark Reform (the Amendments to IFRS 9, IAS 39 and IFRS 7) (the Amendments) and has submitted its Endorsement Advice to the European Commission.
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11/10/2019 - EFRAG TEG webcast meeting October 2019
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Monday 14 October 2019. To watch the webcast please register here.
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09/10/2019 - EFRAG Conference on 28 November 2019 - IFRS & Regulation: Searching for Common Ground - SAVE THE DATE
Save the date for EFRAG’s conference on IFRS & Regulation: Searching for Common Ground in the afternoon of 28 November 2019.
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04/10/2019 - RENEWAL OF EFRAG TEG COMPOSITION - NEW DEADLINE FOR APPLICATIONS
Applications for membership of the EFRAG Technical Expert Group (EFRAG TEG) are now welcome by 21 October 2019. The detailed application procedure can be found in the call for EFRAG TEG candidates.
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04/10/2019 - EFRAG draft comment letter on the IASB Exposure Draft ED/2019/6 Disclosure of Accounting Policies (Proposed Amendments to IAS 1 and IFRS Practice Statement 2)
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/6 Disclosure of Accounting Policies (Proposed Amendments to IAS 1 and IFRS Practice Statement 2) and seeks constituents' views on the proposals. Comments are requested by 22 November 2019.
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03/10/2019 - EFRAG Board meeting October 2019
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 8 October 2019. To watch the live webcast please click here.
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01/10/2019 - EFRAG Update September 2019
The September 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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01/10/2019 - 22/10/2019 – Final programme now available for our Joint Investor Outreach Event in Milan
Have a look at our final programme and register for our Joint Investor Outreach Event on should climate change impact accounting, and what is new in accounting for insurance with a focus on investors and analysts.
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30/09/2019 - EFRAG requests comments on its Draft Endorsement Advice on the Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7)
EFRAG is consulting on both its assessment of the IASB's Exposure Draft ED/2019/1 Interest Rate Benchmark Reform (proposed Amendments to IFRS 9, IAS 39 and IFRS 7) (the Amendments) against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good. Highlighting that the entire endorsement process is urgent in order to make the reliefs available for early adoption for the 2019 financial reporting, EFRAG requests your comments by 10 October 2019.
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26/09/2019 - Visit EFRAG’s user corner!
EFRAG’s website has recently been refreshed and we have introduced the user corner, addressed to users of corporate reporting. This new section will be regularly updated with information on EFRAG and European Lab activities relevant to users.
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24/09/2019 - EFRAG's final comment letter on the IASB's ED/2019/4 Amendments to IFRS 17
EFRAG has published its final comment letter in response to the IASB's Exposure Draft ED/2019/4 Amendments to IFRS 17.
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24/09/2019 - EFRAG comment letter on IASB ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3)
EFRAG has submitted its comment letter in response to the IASB's Exposure Draft ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3). -
20/09/2019 - EFRAG TEG meeting September 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 25 and Thursday 26 September 2019. To watch the webcast please register here.
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20/09/2019 - EFRAG TEG-CFSS meeting September 2019
EFRAG announces that it will hold its EFRAG TEG-CFSS meeting on Wednesday 25 September 2019. To watch the webcast please register here.
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20/09/2019 - IBOR Reform - pre-announcement on draft endorsement advice consultation
EFRAG pre-announces the launch of its draft endorsement advice consultation on the Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7) on 26 September and invites constituents to provide their comments.
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19/09/2019 - EFRAG Board meeting September 2019
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 24 September 2019. To watch the live webcast please click here.
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13/09/2019 - EFRAG draft comment letter on the IASB exposure draft ED/2019/5 Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction - Proposed amendment to IAS 12
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/5 Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction - Proposed amendments to IAS 12 and seeks constituents' views on the proposals. Comments are requested by 25 October 2019. -
13/09/2019 - EFRAG Endorsement Status Report - Update
The ARC vote by written procedure on Amendment to IFRS 3 Business combinations is now reflected in the EFRAG Endorsement Status Report.
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12/09/2019 - EFRAG TEG meeting September 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Monday 16 and Tuesday 17 September 2019. To watch the webcast please register here.
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12/09/2019 - EFRAG CALL FOR CONSULTANT SUPPORT IN RESEARCH ON ACCOUNTING FOR CRYPTO-ASSETS
EFRAG seeks consultancy support in research on the accounting for crypto-assets. Applications are welcome by 27 September 2019 at call.for.tender@efrag.org.
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11/09/2019 - REMINDER - CALL FOR CANDIDATES FOR EFRAG TEG MEMBERSHIP
EFRAG seeks candidates for the 2020 rotation of its Technical Expert Group (EFRAG TEG).
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10/09/2019 - Change to the EFRAG TEG composition
EFRAG announces a replacement in EFRAG TEG. Olivier Schérer has been appointment as new EFRAG TEG member effective from 16 September.
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10/09/2019 - Save the date: Joint Investor Outreach Event Milan 22 October: two topics of interest!
EFRAG, EFFAS, OIC and AIAF are very pleased to invite you to the 2019 joint investors and analysts outreach event on 22 October in Milan. The event will address two topics that are important to investors and financial analysts: the impact of climate change on reporting and the expected impacts of IFRS 17 on Insurers.
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09/09/2019 - EFRAG Board webcast meeting September 2019
EFRAG announces that it will hold its EFRAG Board webcast meeting on Tuesday 10 September 2019. To watch the webcast please register here.
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04/09/2019 - Call for input from crypto-assets experts'
EFRAG is seeking input from crypto-assets experts' on its research project with the objective of identifying and proposing solutions for accounting challenges that are not addressed within existing IFRS Standards.
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02/09/2019 - EFRAG TEG webcast meeting September 2019
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Friday 6 September 2019. To watch the webcast please register here. -
30/08/2019 - Reminder – European Lab call for participation in dialogue on climate-related reporting
The European Lab Project Task Force on Climate-related Reporting (PTF-CRR) invites users, preparers and other experts to participate in a dialogue and share their practical insights on good reporting practices for climate-related disclosures by companies, that will be included in a public consultation paper to be issued in Q4 2019.
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29/08/2019 - EFRAG Endorsement Status Report - Update
The ARC vote by written procedure on Amendments to References to the Conceptual Framework in IFRS Standards and Amendments to IAS 1 and IAS 8: Definition of Material is now reflected in the EFRAG Endorsement Status Report.
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27/08/2019 - Programme for European Lab agenda consultation outreach event on 10 September 2019
The European Lab releases the programme for its agenda consultation outreach event. With an introduction from Alain Deckers, the round table discussions will be led by Arlene McCarthy, Elisabeth Gambert and Flavia Micilotta.
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23/08/2019 - EFRAG Update August 2019
The August 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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20/08/2019 - EFRAG final comment letter on the IASB's ED/2019/2 Annual Improvements to IFRS Standards 2018-2020 Cycle
EFRAG has published its final comment letter in response to the IASB's Exposure Draft ED/2019/2 Annual Improvements to IFRS Standards 2018-2020 Cycle
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06/08/2019 - EFRAG TEG webcast meeting August 2019
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 13 August 2019. To watch the webcast please register here.
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31/07/2019 - EFRAG Update July 2019
The July 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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27/07/2019 - Comment letter on Proposed amendments to the IFRS Foundation Due Process Handbook
EFRAG has published its comment letter in response to the IFRS Foundation's Exposure Draft Proposed amendments to the IFRS Foundation Due Process Handbook.
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23/07/2019 - Save the date- Future Agenda of European Lab 10 September 2019
EFRAG invites you to a roundtable lunch time event on Tuesday 10 September to exchange views with European Lab Steering Group members on the future agenda of the European Lab.
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22/07/2019 - EFRAG TEG webcast meeting July 2019
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Tuesday 23 July 2019. To watch the webcast please register here. -
19/07/2019 - EFRAG invites users of the financial statements of insurers to express their views by interview
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/4 Amendments to IFRS 17. EFRAG is inviting users to express their views on this draft comment letter in an interview. Expressions of interest in participating in this outreach are requested by Friday 16 August 2019.
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19/07/2019 - Participation in European Lab Dialogue on Climate-related Reporting
The European Lab PTF is planning to have a dialogue with users, preparers and other interested stakeholders to obtain practical insights on good practices to be reflected in a draft report on climate-related reporting to be issued in Q4 2019. -
18/07/2019 - Contribute to the future agenda of the European Lab!
The European Corporate Reporting Lab @EFRAG (European Lab) is launching a public consultation on its future project topics and their respective priority and importance for Europe. You are invited to provide your input by 30 September 2019.
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17/07/2019 - EFRAG in 100 seconds
EFRAG releases a short video detailing its mission and activities. You can watch it here. Please share it with your members and stakeholders.
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15/07/2019 - EFRAG's draft comment letter on the IASB's ED/2019/4 Amendments to IFRS 17
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/4 Amendments to IFRS 17 and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 2 September 2019. -
15/07/2019 - 15/07/2019 - CALL FOR EFRAG TEG MEMBERS
EFRAG is calling for candidates for its Technical Expert Group (EFRAG TEG) for the 2020 rotation.
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12/07/2019 - EFRAG's feedback statement on FICE Early-Stage Analysis EFRAG Secretariat Working Paper
EFRAG has published a feedback statement on the FICE Early-Stage Analysis EFRAG Secretariat Working Paper.
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10/07/2019 - Feedback statement on EFRAG Discussion Paper Non-exchange Transfers: A role for societal benefit?
EFRAG has published a feedback statement on its Discussion Paper Non-exchange Transfers: A role for societal benefit?
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05/07/2019 - EFRAG Board meeting July 2019
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 9 July 2019. To watch the live webcast please click here. -
01/07/2019 - EFRAG TEG meeting July 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 3 and Thursday 4 July 2019. To watch the webcast please register here.
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28/06/2019 - EFRAG Update June 2019
The June 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below. -
28/06/2019 - EFRAG DRAFT COMMENT LETTER ON IASB ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3)
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3) and seeks constituents' views on the proposals. Comments are requested by 17 August 2019.
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25/06/2019 - EFRAG TEG-CFSS meeting July 2019
EFRAG announces that it will hold its EFRAG TEG-CFSS meeting on Wednesday 3 July 2019. To watch the webcast please register here.
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25/06/2019 - EFRAG Board President and Vice-President reappointed by the EFRAG General Assembly
Following the recommendation from the European Commission, the EFRAG General Assembly has reappointed Jean-Paul Gauzès and Andreas Barckow as Board President and Vice President respectively.
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20/06/2019 - EFRAG's final comment letter on the IASB's ED 2019/1 Interest Rate Benchmark Reform (proposed amendments to IFRS 9 and IAS 39)
EFRAG has published its final comment letter in response to the IASB's Exposure Draft ED/2019/1 Interest Rate Benchmark Reform (proposed amendments to IFRS 9 and IAS 39). -
14/06/2019 - Draft comment letter on Proposed Amendments to the IFRS Foundation Due Process Handbook
EFRAG has published its draft comment letter in response to the IFRS Foundation's Exposure Draft Proposed amendments to the IFRS Foundation Due Process Handbook and seeks constituents' views on the proposals. Responses to the draft comment letter are requested by 12 July 2019.
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13/06/2019 - What are your views on the accounting for long-term equity instruments? Still on time to respond to our survey
EFRAG kindly reminds its constituents to provide their views on whether alternative accounting treatments to those in IFRS 9 Financial Instruments are needed to portray the performance and risks of equity and equity-type instruments held in long-term investment business models.
Please provide your comments by 5 July.
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11/06/2019 - EFRAG Board webcast meeting June 2019
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 13 June 2019. To watch the webcast please register here.
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11/06/2019 - EFRAG TEG webcast meeting June 2019
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 12 June 2019. To watch the webcast please register here.
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05/06/2019 - EFRAG draft comment letter on the IASB exposure draft ED/2019/2 Annual Improvements to IFRS Standards 2018-2020
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/2 Annual Improvements to IFRS Standards 2018-2020 and seeks constituents' views on the proposals. Comments are requested by 5 August 2019.
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03/06/2019 - EFRAG Update May 2019
The May 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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29/05/2019 - EFRAG Board-TEG joint meeting June 2019
EFRAG announces that it will hold its EFRAG Board-TEG joint meeting on Tuesday 4 June 2019. To watch the live webcast please click here.
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28/05/2019 - EFRAG TEG webcast meeting May 2019
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 29 May 2019. To watch the webcast please register here.
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24/05/2019 - 29/05/19 – EAA Symposium on better information on intangibles
EFRAG, represented by Saskia Slomp (EFRAG CEO) and Filippo Poli (EFRAG Research Director) will sponsor a symposium on 29 May 2019, at the EAA annual congress in Paphos (CY). The discussions will focus on better information on intangibles.
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20/05/2019 - EFRAG TEG meeting May 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 22 and Thursday 23 May 2019. To watch the webcast please register here.
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17/05/2019 - Summary video | Conference: Fostering Innovation in Corporate Reporting
A summary video of the European Reporting Lab@EFRAG conference on Fostering Innovation in Corporate Reporting is now available.
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15/05/2019 - Discussion Paper – Accounting for Pension Plans with an Asset-Return Promise
This Discussion Paper explores alternative accounting treatments for post-retirement employee benefits, promising the higher of the return on an identified item or group of items and a minimum guaranteed return.
Comments on the DP are requested by 15 November 2019.
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14/05/2019 - Fostering Innovation in Corporate Reporting - Summary Report
A summary report of the European Reporting Lab@EFRAG conference on Fostering Innovation in Corporate Reporting is now available.
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13/05/2019 - EFRAG's draft comment letter on the IASB's ED/2019/1 Interest Rate Benchmark Reform (proposed amendments to IFRS 9 and IAS 39)
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/1 Interest Rate Benchmark Reform (proposed amendments to IFRS 9 and IAS 39) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 31 May 2019.
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10/05/2019 - EFRAG Board webcast meeting May 2019
EFRAG announces that it will hold its EFRAG Board webcast meeting on Monday 13 May 2019. To watch the live webcast please click here.
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07/05/2019 - EFRAG TEG webcast meeting May 2019
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Thursday 9 May 2019. To watch the webcast please register here.
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06/05/2019 - New EFRAG consultation on Equity Instruments – Research on Measurement
EFRAG is launching a public consultation to gather constituents' views on whether alternative accounting treatments to those in IFRS 9 Financial Instruments are needed to portray the performance and risks of equity and equity-type instruments held in long-term investment business models.
Please provide your comments by 5 July.
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03/05/2019 - EFRAG extends the comment period for its Discussion Paper Non-exchange Transfers: A role for societal benefit?
EFRAG has extended the comment period for its Discussion paper Non-exchange Transfers ('NETs'): A role for societal benefit?.
The revised deadline for comments is Tuesday 14 May 2019, by close of business.
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29/04/2019 - EFRAG Update April 2019
The April 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below .
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25/04/2019 - EFRAG Annual Review 2018
EFRAG has published its Annual Review 2018. Find out how EFRAG is working to deliver financial and sustainable reporting in Europe's interest.
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25/04/2019 - EFRAG’s Comment Letter and Feedback Statement on IASB's Exposure Draft ED/2018/2 Onerous Contracts - Cost of Fulfilling a Contract (Proposed Amendments to IAS 37)
EFRAG has published its comment letter and its feedback statement in response to the IASB's Exposure Draft ED/2018/2 Onerous Contracts - Cost of Fulfilling a Contract (Proposed Amendments to IAS 37).
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11/04/2019 - EFRAG TEG meeting April 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 17 April 2019. To watch the webcast please register here.
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11/04/2019 - Joint EFRAG TEG-User Panel meeting April 2019
EFRAG announces that it will hold its joint EFRAG TEG-User Panel meeting on Tuesday 16 April 2019. To watch the webcast please register here.
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03/04/2019 - Video of first European Reporting Lab@EFRAG conference
The full video of the first European Reporting Lab@EFRAG conference is now available to watch online.
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29/03/2019 - Reminder: FICE Early-Stage Analysis - Please provide input by 17 May 2019
The EFRAG Secretariat reminds constituents to provide their views on the FICE Early-Stage Analysis Working Paper. The comment period is extended to close of business on Friday 17 May 2019.
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29/03/2019 - EFRAG Board meeting April 2019
EFRAG announces that it will hold its EFRAG Board meeting on Thursday 4 April 2019. To watch the live webcast please click here.
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28/03/2019 - EFRAG Update March 2019
The March 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below.
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28/03/2019 - EFRAG's endorsement advice on Definition of a Business (Amendments to IFRS 3)
EFRAG has completed its due process regarding Definition of a Business (Amendments to IFRS 3).
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22/03/2019 - New EFRAG TEG Chairwoman and EFRAG CEO
The EFRAG Board has appointed Chiara Del Prete as the new EFRAG TEG Chairwoman and Saskia Slomp as the new EFRAG CEO starting April 2019.
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18/03/2019 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Annual Improvements to IFRS Standards 2015-2017 Cycle is now reflected in the Endorsement Status Report.
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15/03/2019 - EFRAG TEG meeting March 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 20 and Thursday 21 March 2019. To watch the webcast please register here.
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14/03/2019 - EFRAG TEG-CFSS meeting March 2019
EFRAG announces that it will hold its EFRAG TEG-CFSS meeting on Wednesday 20 March 2019. To watch the webcast please register here. -
14/03/2019 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IAS 19: Plan Amendment, Curtailment or Settlement is now reflected in the Endorsement Status Report.
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05/03/2019 - European Commission Vice-President Valdis Dombrovskis welcomes the European Reporting Lab@EFRAG's role in supporting the Action Plan on Sustainable Finance
The European Reporting Lab@EFRAG announces plans for a public consultation on its future work agenda at a high-level conference in Brussels.
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04/03/2019 - EFRAG Update February 2019
The February 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below
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28/02/2019 - Issuance and call for comments on FICE Early-Stage Analysis Working Paper
The EFRAG Secretariat issues a Working Paper: Early-stage Analysis - Potential Effects of the IASB Discussion Paper on Financial Instruments with Characteristics of Equity (FICE).
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25/02/2019 - EFRAG Board meeting February 2019
EFRAG announces that it will hold its EFRAG Board meeting on Wedesday 27 February 2019. To watch the live webcast please click here.
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22/02/2019 - How should discounting be applied to pension obligations?
EFRAG and ICAS seek views on discount rates as applied to pension accounting.
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20/02/2019 - EFRAG's endorsement advice on Definition of Material (Amendments to IAS 1 and IAS 8)
EFRAG has completed its due process regarding Definition of Material (Amendments to IAS 1 and IAS 8).
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20/02/2019 - EFRAG’s feedback statement and video on FICE
EFRAG has published its feedback statement on the IASB's DP Financial Instruments with Characteristics of Equity and a video where Andrew Watchman, EFRAG TEG Chairman and CEO, explains how the comments received were considered by EFRAG during its technical discussions.
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15/02/2019 - European Lab Project Task Force on Climate-related Reporting appointed
The European Lab Steering Group has appointed the Project Task Force for its first project on climate-related reporting.
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15/02/2019 - European Commissioner Valdis Dombrovskis to provide keynote address at EFRAG Conference
Final programme announced for Fostering Innovation in Corporate Reporting, the first conference of the newly-formed European Corporate Reporting Lab@EFRAG on 5 March 2019 in Brussels.
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11/02/2019 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IAS 28: Long-term Interests in Associates and Joint Ventures is now reflected in the Endorsement Status Report.
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08/02/2019 - EFRAG TEG meeting February 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 13 and Thursday 14 February 2019. To watch the webcast please register here.
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01/02/2019 - EFRAG Update January 2019
The January 2019 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded below
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01/02/2019 - EFRAG Comment Letter on the IASB DP/2018/01 on the distinction between liabilities and equity
EFRAG has published its comment letter in response to the IASB's Discussion Paper 2018/1 Financial Instruments with Characteristics of Equity (the 'DP') which welcomes the IASB's efforts to address the issues that arise from IAS 32 Financial Instruments: Presentation but suggests the IASB to focus at this stage on targeted improvements to IAS 32.
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25/01/2019 - EFRAG Board meeting January 2019
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 29 January 2019. To watch the live webcast please click here. -
25/01/2019 - EFRAG's Draft Comment Letter on the IASB ED/2018/2 Onerous Contracts - Cost of Fulfilling a Contract - Proposed amendments to IAS 37
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft 2018/2 Onerous Contracts - Cost of Fulfilling a Contract - Proposed amendments to IAS 37 (the 'ED') and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 5 April 2019, by close of business.
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17/01/2019 - Register now for European Reporting Lab@EFRAG conference
Event on 5 March 2019 to focus on innovation in corporate reporting. Vice-President of the European Commission, Valdis Dombrovskis to deliver the keynote speech.
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16/01/2019 - Apply now to join the climate-related reporting task force
The European Reporting Lab@EFRAG is looking for members for its new Project Task Force on Climate-related Reporting. The deadline for applications is 26 January 2019.
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14/01/2019 - Extended application deadline for the academic literature review on intangible assets
The new deadline is 31 January 2019.
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14/01/2019 - EFRAG requests comments on its Draft Endorsement Advice on Definition of a Business (Amendments to IFRS 3)
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. Comments are requested by 4 March 2019.
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14/01/2019 - EFRAG TEG meeting January 2019
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 16 and Thursday 17 January 2019. To watch the webcast please register here. -
09/01/2019 - EFRAG meeting Portuguese stakeholders on reporting developments on 5 February 2019 - Lisbon
EFRAG and CNC Portugal invite you to a joint event addressing developments in financial reporting and wider corporate reporting on 5 February in Lisbon. The programme can be found here.
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08/01/2019 - New EFRAG TEG composition announced
The new EFRAG TEG composition has been approved by the EFRAG Board. EFRAG TEG will welcome one new member, Isabelle Grauer-Gaynor as Silvia Dinova retires from EFRAG TEG. Five EFRAG TEG members are to be reappointed: Geert Ewalts, Günther Gebhardt, Heinz Hense, Andrew Spooner, and Ambrogio Virgilio. In due course an announcement will be made about the appointment of the EFRAG TEG Chairman.
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08/01/2019 - Milan FICE joint outreach event - Summary report
EFRAG and the OIC have published a summary report on the joint outreach event on 7 November 2018 on the IASB's DP 'Financial Instruments with Characteristics of Equity'.
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02/01/2019 - EFRAG Update December 2018
The December 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
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20/12/2018 - FICE joint outreach event, Amsterdam - Summary report
EFRAG, DASB and Eumedion have published a summary report on the joint outreach event in Amsterdam on 20 November 2018 covering the IASB's DP on FICE.
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20/12/2018 - Summary report on the joint outreach event on FICE - Brussels
EFRAG, in collaboration with EFFAS, ABAF-BVFA and the IASB have published a summary report on the joint outreach event in Brussels on 26 November 2018 on the IASB's Discussion Paper 'Financial Instruments with Characteristics of Equity'.
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20/12/2018 - Summary report on the joint outreach event on FICE in Copenhagen
EFRAG and FSR - Danish Auditors have published a summary report on the joint outreach event in Copenhagen on 23 November 2018 covering the IASB's DP on FICE.
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19/12/2018 - European Reporting Lab@EFRAG seeks members
Call for candidates launched for members of the new Project Task Force on Climate-related Reporting. EFRAG is also gathering expressions of interest from those wishing to participate in future European Reporting Lab@EFRAG events.
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18/12/2018 - London FICE joint outreach event - Summary report
EFRAG and the FRC have published a summary report on the joint outreach event in London on 4 December 2018 covering the IASB's DP on FICE.
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14/12/2018 - EFRAG Board-TEG joint meeting 19 December 2018
EFRAG announces that it will hold its EFRAG Board-TEG joint meeting on Wednesday 19 December 2018. To watch the live webcast please click here. -
14/12/2018 - EFRAG TEG meeting 20 December 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Thursday 20 December 2018. To watch the webcast please click here.
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13/12/2018 - Summary Report on the joint outreach event on FICE
EFRAG and the ASCG has published a summary report on the joint outreach event in Frankfurt on 20 November 2018 covering the IASB's DP on FICE.
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13/12/2018 - EFRAG Board meeting December 2018
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 18 December 2018. To watch the live webcast please click here.
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11/12/2018 - EFRAG requests comments on its Draft Endorsement Advice on Definition of Material (Amendments to IAS 1 and IAS 8)
EFRAG is consulting on both its assessment of Definition of Material (Amendments to IAS 1 and IAS 8) ('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 1 February 2019.
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04/12/2018 - EFRAG calls for an academic literature review on reporting on intangible assets
The academic literature review will form part of EFRAG's project on better information on intangible assets.
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03/12/2018 - Fostering Innovation in Corporate Reporting - Save the date
EFRAG is organising a high-level conference on Tuesday 5 March 2019 on corporate reporting and the role of the recently-established European Corporate Reporting Lab. Valdis Dombrovskis, Vice-President of the European Commission, will deliver the keynote speech.
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30/11/2018 - EFRAG Update November 2018
The November 2018 edition of the EFRAG Update, summarising public technical discussions held and decisions taken during that month, has been published and can be downloaded here
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30/11/2018 - EFRAG publishes its technical advice to the European Commission
EFRAG publishes its response to the request for technical advice from the European Commission on the accounting for equity instruments from a long-term investment perspective
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28/11/2018 - Debt or Equity? How would you decide? Joint outreach event, London, 4 December 2018
EFRAG and the FRC invite you to a panel discussion on 4 December on the IASB's DP 'Financial Instruments with Characteristics of Equity' in London. -
27/11/2018 - EFRAG issues a Discussion Paper to explore accounting for non-exchange transfers
EFRAG's Discussion Paper Non-exchange Transfers ('NETs'): A role for societal benefit? explores the accounting for transfers in which an entity received (or gives) value without directly giving (or receiving) approximately equal value in exchange. NETs include levies and Government grants. In its Discussion Paper (DP), EFRAG explores a comprehensive approach to report these transfers. The DP notes that NETs may be motivated by an objective of 'societal benefit' and considers how this notion could be used in accounting for them.
Comments on the DP are requested by 30 April 2019. -
23/11/2018 - EFRAG TEG meeting November 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Thursday 29 November 2018. To watch the webcast please register here.
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22/11/2018 - Reminder: Debt or equity? Impact assessment surveys
EFRAG has extended the deadline until 30 November 2018 for its user and preparer surveys seeking views on the likely impact of the proposals of the IASB Discussion Paper Financial Instruments with Characteristics of Equity on the distinction between debt and equity.
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21/11/2018 - EFRAG TEG-CFSS meeting November 2018
EFRAG announces that it will hold its EFRAG TEG-CFSS meeting on Wednesday 28 November 2018. To watch the webcast please register here.
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20/11/2018 - Debt or equity? Last call!
The EFRAG, EFFAS, ABAF-BVFA and the IASB's joint event on FICE is just one week away! You can still register to hear and share relevant views on the IASB Discussion Paper (DP) on Financial Instruments with Characteristics of Equity. Join us on 26 November at 16:00 in Brussels.
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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’).
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14/11/2018 - EFRAG Board webcast meeting November 2018
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 22 November 2018. To watch the live webcast please register here. -
13/11/2018 - Debt or Equity? Programme - 26 November - Brussels
EFRAG, in collaboration with EFFAS, ABAF-BVFA and the IASB, invites you to the joint outreach event on 26 November 2018 on the IASB's Discussion Paper (DP) 'Financial Instruments with Characteristics of Equity' (FICE). The programme is now available and the prominent panellists are ready to share their views.
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05/11/2018 - Join our FICE event, Brussels, 26 November: Debt or equity? That is the question!
EFRAG, in collaboration with EFFAS, ABAF-BVFA and the IASB, invites you to the joint user outreach event on 26 November 2018 on the IASB Discussion Paper on FICE. The speakers include Andrew Watchman, EFRAG TEG Chairman and Hans Buysse, EFRAG Board member, ABAF-BVFA Chairman and member EFFAS Executive Management Committee. The Panel of prominent users for the roundtable discussion will be announced soon.
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02/11/2018 - EFRAG Endorsement Status Report - Update
The publication of Definition of Material (Amendments to IAS 1 and IAS 8) is now reflected in the Endorsement Status Report.
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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.
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30/10/2018 - EFRAG Update October 2018
The October 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.
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30/10/2018 - Launch of European Lab at EFRAG
To celebrate the launch of the European Corporate Reporting Lab @ EFRAG, please join us for a networking cocktail on 27 November 2018.
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29/10/2018 - Debt or Equity? Milan, 7 November: Speakers announced
EFRAG, the OIC and the IASB present the programme for their joint outreach event in Milan on 7 November on the IASB's DP 'Financial Instruments with Characteristics of Equity'.
Do not miss the opportunity to share your views and provide input to EFRAG's comment letter! -
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.
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25/10/2018 - Equity or debt? Joint outreach event in London - 4 December 2018
EFRAG and the FRC invite you to a joint outreach event on 4 December on the IASB's DP 'Financial Instruments with Characteristics of Equity'.
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24/10/2018 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of IFRIC 23 Uncertainty over Income Tax Treatments is now reflected in the Endorsement Status Report.
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24/10/2018 - Debt or Equity? - Impact assessment surveys
EFRAG seeks feedback from preparers and users of financial statements to assess the impact of the IASB’s Discussion Paper Financial Instruments with Characteristics of Equity on distinction between debt and equity.
EFRAG invites you to complete the appropriate survey by 26 November 2018. Your participation will help enrich the quality and representativeness of the overall findings. -
15/10/2018 - Equity or debt? - joint outreach event in Amsterdam – 20 November 2018
EFRAG in cooperation with DASB and Eumedion invite you to a joint outreach event on 20 November on the IASB's DP ’Financial Instruments with Characteristics of Equity'.
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15/10/2018 - EFRAG Board meeting October 2018
EFRAG announces that it will hold its EFRAG Board meeting on Thursday 18 October 2018. To watch the live webcast please register here.
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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.
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12/10/2018 - Debt or Equity? Joint outreach event in Copenhagen - 23 November 2018
EFRAG, FSR - Danish Auditors and Confederation of Danish Industry (DI) invite you to a joint outreach event on 23 November 2018 on the IASB's Discussion Paper 'Financial Instruments with Characteristics of Equity'.
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11/10/2018 - Debt or Equity? Joint user outreach event on FICE in Brussels - 26 November 2018
EFRAG, in collaboration with EFFAS, ABAF-BVFA and the IASB invite you to a joint user outreach event on 26 November 2018 on the IASB's Discussion Paper 'Financial Instruments with Characteristics of Equity'.
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05/10/2018 - CALL FOR EFRAG TEG CHAIRMAN AND CEO – APPLICATIONS WELCOME TILL 2 NOVEMBER
EFRAG has decided to extend the deadline for the call for candidates to fulfil the position of EFRAG TEG Chairman and CEO as of 1 April 2019.
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04/10/2018 - Debt or Equity? Joint outreach event in Milan - 7 November 2018
EFRAG and the OIC invite you to a joint outreach event on 7 November 2018 on the IASB's Discussion Paper 'Financial Instruments with Characteristics of Equity'.
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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.
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28/09/2018 - EFRAG Update September 2018
The September 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.
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26/09/2018 - FICE consultation update
Get up to speed with EFRAG's draft comment letter on FICE in the latest EFRAG video.
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21/09/2018 - EFRAG TEG meeting September 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Thursday 27 September 2018. To watch the webcast please register here.
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21/09/2018 - EFRAG TEG-CFSS meeting September 2018
EFRAG announces that it will hold its EFRAG TEG-CFSS meeting on Wednesday 26 September 2018. To watch the webcast please register here.
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20/09/2018 - Webinar - Equity or Debt?
Register now to be part of the EFRAG webinar on Financial Instruments with Characteristics of Equity (FICE). Do you have questions about how IFRS will distinguish between equity and liabilities in the future? Join us live @ 12h00 (CET) on 12 October 2018.
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14/09/2018 - EFRAG Board meeting 20 September 2018
EFRAG announces that it will hold its EFRAG Board meeting on Thursday 20 September 2018. To watch the live webcast please register here. -
13/09/2018 - Join the new European Corporate Reporting Lab at EFRAG
Call for candidates published for members of the European Lab Steering Group
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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.
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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.
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31/08/2018 - Financial Instruments with Characteristics of Equity - joint outreach event in Frankfurt - 20 November 2018
EFRAG and the ASCG will host a joint outreach event on 20 November on the IASB's DP ''Financial Instruments with Characteristics of Equity'.
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30/08/2018 - EFRAG TEG meeting 5 September 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 5 September 2018. To watch the webcast please register here.
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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.
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29/08/2018 - EFRAG Board meeting 3 September 2018
EFRAG announces that it will hold its EFRAG Board meeting on Monday 3 September 2018. To watch the live webcast please register here. -
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.
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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).
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20/08/2018 - Feedback Statement - 2018 EFRAG Research Agenda Consultation
EFRAG publishes the Feedback Statement on its 2018 Research Agenda consultation.
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16/08/2018 - EFRAG Board meeting 21-22 August 2018
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 21 and Wednesday 22 August 2018. To watch the live webcast on Wednesday 22 August please register here. -
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.
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02/08/2018 - EFRAG TEG webcast meeting August 2018
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 8 August 2018. To watch the live webcast please register here.
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02/08/2018 - CALL FOR EFRAG TEG CHAIRMAN AND CEO
EFRAG is calling for candidates to fulfil the position of EFRAG TEG Chairman and CEO as of 1 April 2019, since the mandate of Andrew Watchman cannot be renewed because of his UK nationality.
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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.
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23/07/2018 - EFRAG TEG Meeting 25 July 2018
EFRAG announces a minor update on the agenda and a revised paper 05-02.
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20/07/2018 - EFRAG TEG meeting 25 July 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 25 July 2018. To watch the webcast please register here.
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18/07/2018 - EFRAG privacy policy update
EFRAG has updated its privacy policy.
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13/07/2018 - Call for EFRAG TEG members
EFRAG invites applications for membership of its Technical Expert Group (EFRAG TEG). EFRAG is seeking candidates with user, preparer and academic backgrounds.
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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.
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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.
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02/07/2018 - EFRAG Board meeting in Berlin 3 July 2018
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 3 July 2018. To listen to the live audio webcast please register here.
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02/07/2018 - EFRAG TEG meeting 5 July 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Thursday 5 July 2018. To watch the webcast please register here. -
28/06/2018 - EFRAG TEG-CFSS meeting 4 July 2018
EFRAG announces that it will hold its EFRAG TEG-CFSS meeting on Wednesday 4 July 2018. To watch the webcast please register here. -
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.
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11/06/2018 - EFRAG TEG meeting 13-14 June 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 13 and Thursday 14 June 2018. To watch the webcast please register here. -
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.
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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 Endorsement Advice Letter to the European Commission.
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28/05/2018 - EFRAG Board meeting 30 May 2018
EFRAG announces that it will hold its EFRAG Board meeting on Wednesday 30 May 2018. To watch the webcast please register here.
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25/05/2018 - Symposium on different business models and consistent reporting
EFRAG and the OIC sponsor high-level panel discussion at the 41st EAA congress in Milan.
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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.
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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.
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09/05/2018 - EFRAG TEG webcast meeting 16 May 2018
EFRAG announces that it will hold its EFRAG TEG webcast meeting on Wednesday 16 May 2018. To watch the webcast please register here. -
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.
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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.
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25/04/2018 - EFRAG Update April 2018
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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.
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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.
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18/04/2018 - EFRAG Board meeting 23 April 2018
EFRAG announces that it will hold its EFRAG Board meeting on Monday 23 April 2018. To watch the webcast please register here.
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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.
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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.
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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.
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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.
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29/03/2018 - EFRAG TEG meeting 6 April 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Friday 6 April 2018. To watch the webcast please register here.
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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.
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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.
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28/03/2018 - EFRAG TEG-CFSS meeting 5 April 2018
EFRAG announces that it will hold its EFRAG TEG-CFSS meeting on Thursday 5 April 2018. To watch the webcast please register here.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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14/03/2018 - EFRAG Board meeting 20 March 2018
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 20 March 2018. To watch the webcast please register here.
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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.
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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.
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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.
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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.
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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.
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28/02/2018 - EFRAG TEG meeting 7-8 March 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 7 and Thursday 8 March 2018. To watch the webcast please register here. -
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.
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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.
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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.
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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.
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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.
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02/02/2018 - EFRAG Board meeting February 2018
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 6 February 2018. -
26/01/2018 - EFRAG conference - Accounting meets valuation
The summary report and video of the EFRAG conference on 5 December 2017 is now available.
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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.
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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.
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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.
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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').
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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.
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12/01/2018 - EFRAG TEG meeting 17-18 January 2018
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 17 and Thursday 18 January 2018
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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).
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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.
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19/12/2017 - Happy Holidays!
On behalf of everyone at EFRAG, we wish you a happy holiday season.
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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.
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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.
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13/12/2017 - EFRAG TEG meeting 18-19 December 2017
EFRAG announces that it will hold its EFRAG TEG meeting on Monday 18 and Tuesday 19 December 2017
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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.
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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.
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11/12/2017 - EFRAG Board meeting December 2017
EFRAG announces that it will hold its EFRAG Board meeting on 14 December 2017
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08/12/2017 - Philippe Maystadt
It is with great sadness that EFRAG acknowledges the passing away of Philippe Maystadt on 7 December.
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05/12/2017 - Accounting meets valuation
EFRAG event gathers leading preparers, valuation experts, users, regulators and academics to discuss the merits, limitations and challenges of fair value in financial reporting.
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28/11/2017 - Registration closing for EFRAG's fair value event
Last call for the EFRAG event taking place in Brussels on 5 December 2017 and featuring a keynote speech from Sir David Tweedie.
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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.
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15/11/2017 - Programme for EFRAG's fair value event now available
The event where Accounting meets Valuation takes place in Brussels on 5 December 2017 and features a keynote speech from Sir David Tweedie. -
15/11/2017 - EFRAG TEG-CFSS & EFRAG TEG meetings 22-23 November 2017
EFRAG announces that it will hold its EFRAG TEG and EFRAG CFSS meeting on Wednesday 22 and EFRAG TEG meeting Thursday 23 November 2017
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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.
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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).
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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.
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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)
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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.
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02/11/2017 - EFRAG Board meeting November 2017
EFRAG announces that it will hold its EFRAG Board meeting on 9 November 2017
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01/11/2017 - EFRAG TEG conference call November 2017
EFRAG announces that it will hold an EFRAG TEG conference call on Wednesday 8 November 2017 from 08:30 to 10:30 h. CET
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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.
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27/10/2017 - Summary report on the joint EFRAG-OIC Stakeholder Conference on 9 October 2017
EFRAG has published a summary report on the joint stakeholder conference organised together with the Organismo Italiano di Contabilità (OIC) on Impact Analysis and Better Communication in Financial Reporting.
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26/10/2017 - New EFRAG Board appointed
The composition of the new EFRAG Board has been unanimously agreed by the EFRAG General Assembly.
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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.
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20/10/2017 - Time to register for EFRAG’s fair value event
Renowned speakers confirmed including valuation expert Professor Mauro Bini to join Sir David Tweedie at EFRAG conference on fair value.
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19/10/2017 - Summary report on the joint user event on Better Communication, Goodwill and Insurance Contracts
EFRAG has published a summary report on the joint user event together with the European Federation of Financial Analysts Societies (EFFAS), the International Accounting Standards Board (IASB), the Associazione Italiana degli Analisti e Consulenti Finanziari (AIAF) and the Organismo Italiano di Contabilità (OIC) in Milan on 18 September 2017 covering the IASB's Discussion Paper Disclosure Initiative - Principles of Disclosure, EFRAG's Discussion Paper Goodwill and Impairment Test: Can it be improved? and IFRS 17 Insurance Contracts.
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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.
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18/10/2017 - EFRAG TEG meeting 25-26 October 2017
EFRAG announces that it will hold its TEG meeting on Wednesday 25 and Thursday 26 October 2017
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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.
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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. -
09/10/2017 - Joint EFRAG/OIC event puts spotlight on Impact Analysis and Better Communication
EFRAG Board participates in event gathering Italian stakeholders' views on financial reporting
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06/10/2017 - Summary report on the 2017 EFRAG academic workshop
EFRAG has published a summary report on the academic workshop it hosted on 5 September 2017.
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05/10/2017 - EFRAG TEG conference call October 2017
EFRAG announces that it will hold an EFRAG TEG conference call on Tuesday 17 October 2017 from 08:30 to 09:30 h. CET
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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).
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03/10/2017 - EFRAG Board meeting 10 October 2017
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 10 October 2017.
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03/10/2017 - Programme for the EFRAG-OIC Stakeholder Conference on 9 October 2017
The full programme for the EFRAG-OIC stakeholder event in Rome on Impact-Analysis and Better Communication in Financial Reporting is now available
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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.
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02/10/2017 - Summary report on the joint outreach event on Better Communication on 6 September 2017 in Paris (France)
EFRAG has published a summary report on the joint outreach event on 'Better Communication' organised together together with the Autorité des Normes Comptables (the ANC) and the IASB, organised a joint outreach event in Paris on 6 September 2017.
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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.
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28/09/2017 - What is your opinion of fair value?
EFRAG is organising a conference on the use of fair value in financial reporting on 5 December 2017. -
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.
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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.
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22/09/2017 - Summary report on the joint outreach event in Warsaw on Principles of Disclosures
EFRAG has published a summary report on the joint outreach event together with the Polish Accounting Standards Committee (PASC), Accountants' Association in Poland, and National Chamber of Statutory Auditors in Warsaw on 12 September 2017 covering the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure.
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20/09/2017 - Summary report on the joint outreach event in Vilnius on Principles of Disclosures
EFRAG has published a summary report on the joint outreach event with the Lithuanian Ministry of Finance and the Lithuanian Authority of Audit, Accounting, Property Valuation and Insolvency Management in Vilnius on 5 September 2017 covering the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure.
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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.
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15/09/2017 - EFRAG TEG-CFSS & EFRAG TEG meetings 20-21 September 2017
EFRAG announces that it will hold its EFRAG TEG and EFRAG CFSS meeting on Wednesday 20 and EFRAG TEG meeting Thursday 21 September 2017
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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.
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07/09/2017 - EFRAG Board meeting September 2017
EFRAG announces that it will hold its EFRAG Board meeting on 14 September 2017
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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.
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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.
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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!
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04/08/2017 - EFRAG/EFFAS/IASB/AIAF/OIC joint user event on Better Communication, Goodwill and Insurance Contracts – 18 September 2017
EFRAG, EFFAS, IASB, AIAF and OIC organise a joint user event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure, the EFRAG Discussion Paper Goodwill Impairment Test: Can it be improved? and IFRS 17 Insurance Contracts on 18 September 2017 (from 11.00 to 18.00 hrs. CET) in Milan, Italy.
Do not miss the opportunity to share your views and provide input!
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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.
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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.
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31/07/2017 - Better Communication - Seeing the wood for the trees: role of disclosures? Warsaw - 12 September
EFRAG, the Polish Accounting Standards Committee together with the Accountants' Association in Poland and the Polish Chamber of Statutory Auditors present the programme of the joint outreach event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure on 12 September 2017 in Warsaw, Poland (10:00 to 12:30, local time).
Do not miss the opportunity to share your views and provide input to EFRAG's draft comment letter!
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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.
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24/07/2017 - Stakeholder event on Impact-analysis and Better Communication in Financial Reporting
EFRAG and the Organismo Italiano di Contabilità (OIC) invite you to participate in a joint stakeholders event on Impact-analysis and Better Communication in Financial Reporting on Monday 9 October 2017 (from 14:00 to 18:00 hrs. CET) at the Ambasciatori Palace Hotel in Rome, Italy.
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20/07/2017 - Programme for the academic workshop on measurement
EFRAG presents the programme for the academic workshop Measurement in Financial Reporting – Challenges and Objectives.
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19/07/2017 - Summary report on the joint user outreach event on 3 July 2017 in Brussels on Principles of Disclosures: Better Communication – What do analysts and investors need?
EFRAG has published a summary report on the joint user outreach event with EFFAS, BVFA/ABAF and the IASB® held on Monday 3 July 2017 in Brussels covering the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure.
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19/07/2017 - EFRAG TEG meeting 26-27 July 2017
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 26 and Thursday 27 July 2017
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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.
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17/07/2017 - Summary report on the joint outreach event in London on Principles of Disclosures
EFRAG has published a summary report on the joint outreach event with the FRC in London on 4 July 2017 covering the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure.
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13/07/2017 - EFRAG Board meeting July 2017
EFRAG announces that it will hold its EFRAG Board meeting on 20 July 2017
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10/07/2017 - Summary Report on EFRAG/NASB Joint Outreach event in Oslo on Better Communication: Seeing the wood for the trees: role of disclosures?
EFRAG has published a summary report on the joint outreach event in Oslo on 15 June 2017 covering the IASB's Discussion Paper Disclosure Initiative - Principles of Disclosure.
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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.
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07/07/2017 - Summary Report on the EFRAG/EFFAS/NFF/NASB joint investor outreach event in Oslo on Better Communication: Disclosures, what do analysts and investors need?
EFRAG has published a summary report on the joint investor outreach event in Oslo on 15 June 2017 covering the IASB's Discussion Paper Disclosure Initiative - Principles of Disclosure.
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07/07/2017 - EFRAG/EFFAS/IASB/AIAF/OIC joint user event on Better Communication, Goodwill and Insurance Contracts – 18 September 2017
EFRAG, EFFAS, IASB, AIAF and OIC organise a joint user event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure, the EFRAG Discussion Paper Goodwill Impairment Test: Can it be improved? and IFRS 17 Insurance Contracts on 18 September 2017 in Milan, Italy.
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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.
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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.
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04/07/2017 - Summary report on the joint outreach event in Copenhagen on Principles of Disclosure
EFRAG has published a summary report on the joint outreach event in Copenhagen on 14 June 2017 covering the IASB's Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure.
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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.
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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.
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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.
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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.
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29/06/2017 - Better Communication - Seeing the wood for the trees: role of disclosures?
EFRAG and the UK Financial Reporting Council (UK FRC) present the programme of the joint outreach event on the IASB Discussion Paper Disclosure Initiative- Principles of Disclosure on Tuesday 4 July in London ((2: 30pm-5pm).
Do not miss the opportunity to share your views and provide input to EFRAG's final comment letter and UK FRC's process!
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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.
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27/06/2017 - Better Communication: Seeing the wood for the trees: role of disclosures?
The European Financial Reporting Advisory Group (EFRAG), the Polish Accounting Standards Committee together with the Accountants' Association in Poland and the Polish Chamber of Statutory Auditors invite you to participate in a joint outreach event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure on 12 September 2017 in Warsaw, Poland (10:00 to 12:30, local time).
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26/06/2017 - Event reminder - Better Communication: Disclosures that matter
EFRAG, EFFAS, BVFA/ABAF and the IASB® invite you to participate in a joint user event on the IASB's current initiatives to improve communication in financial statements.
Don't miss the opportunity to share your views on better communication and make a difference in defining disclosures that matter!
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26/06/2017 - Better Communication - Seeing the wood for the trees: role of disclosures?
EFRAG, the Lithuanian Ministry of Finance and the Lithuanian Authority of Audit, Accounting, Property Valuation and Insolvency Management (Authority) present the programme of the joint outreach event on the IASB Discussion Paper Disclosure Initiative- Principles of Disclosure on Tuesday 5 September 2017 in Vilnius, Lithuania (13:00 to16:00, local time).
Do not miss the opportunity to share your views and provide input to EFRAG's draft comment letter!
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22/06/2017 - Better communication: ANC/ EFRAG Outreach event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure.
EFRAG and the Autorité des Normes Comptables (ANC) are pleased to invite you to participate in a joint outreach event in Paris on Wednesday 6 September 2017 (14:00 to 17:00.) on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure.
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22/06/2017 - Academic Workshop on Measurement in Financial Reporting
EFRAG invites academics to join its Measurement in Financial Reporting – Challenges and Objectives workshop in Brussels on 5 September 2017, 14:00 – 18:00.
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22/06/2017 - EFRAG TEG-CFSS & EFRAG TEG meetings 28-29 June 2017
EFRAG announces that it will hold its EFRAG TEG and EFRAG CFSS meeting on Wednesday 28 and EFRAG TEG meeting Thursday 29 June 2017
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20/06/2017 - Better Communication: Disclosures, what do analysts and investors need?
EFRAG, EFFAS, BVFA/ABAF and the IASB® present the programme of the joint outreach event on the IASB Discussion Paper Disclosure Initiative- Principles of Disclosure on Monday 3 July 2017, 14:30-17:30 in the EFRAG Offices.
Do not miss the opportunity to share your views and provide input to EFRAG's final comment letter!
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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06/06/2017 - Better Communication: Disclosures, what do analysts and investors need?
EFRAG, the European Federation of Financial Analysts Societies (EFFAS), the Norwegian Society of Financial Analysts (NFF) and the Norwegian Accounting Standard Board (NASB) present the programme of the joint user event on the IASB Discussion Paper Disclosure Initiative- Principles of Disclosure on Thursday 15 June 2017 (12:30 to 14:45) in Oslo, Norway.
Do not miss the opportunity to share your views and provide input to EFRAG's draft comment letter!
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06/06/2017 - Better Communication - Seeing the wood for the trees: role of disclosures?
EFRAG and the Norwegian Accounting Standards Board (NASB) present the programme of the joint outreach event on the IASB Discussion Paper Disclosure Initiative- Principles of Disclosure on Thursday 15 June 2017 (15:00 to 17:00) in Oslo, Norway.
Do not miss the opportunity to share your views and provide input to EFRAG's draft comment letter!
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06/06/2017 - Better Communication: Seeing the wood for the trees: role of disclosures?
The European Financial Reporting Advisory Group (EFRAG), the Lithuanian Ministry of Finance and the Lithuanian Authority of Audit, Accounting, Property Valuation and Insolvency Management (Authority) invite you to participate in a joint outreach event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure on 5 September 2017.
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02/06/2017 - Better Communication: Disclosures, what do analysts and investors need?
EFRAG, the European Federation of Financial Analysts Societies (EFFAS), the International Accounting Standards Board® (IASB) and the Association Belge des Analystes Financiers (ABAF/BVFA) invite you to participate in a joint user event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure on Monday 3 July 2017 (from 14.30 to 17.30 hrs CET) at the EFRAG offices in Brussels.
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01/06/2017 - Have the details of the disclosures brought us too close to the wall to see the wood for the trees: Role of disclosures?
EFRAG publishes the invitation and agenda for the joint outreach event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure set in Copenhagen on 14 June 2017 (13:30 – 16:30) by the Confederation of Danish Industry (DI) and FSR – Danish Auditors with the participation of EFRAG and the IASB.
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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.
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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).
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30/05/2017 - Better Communication - Seeing the wood for the trees: role of disclosures?
The European Financial Reporting Advisory Group (EFRAG) and the UK Financial Reporting Council (UK FRC) invite you to participate in a joint outreach event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure on Tuesday 4 July (2: 30pm-5pm; UK time) in London.
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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.
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23/05/2017 - ASCG/EFRAG outreach event on the IASB's Discussion paper Disclosure Initiative - Principles of Disclosure
EFRAG and the Accounting Standards Committee of Germany (ASCG) together with its partner Standard Setters from Austria (Austrian Financial Reporting and Auditing Committee) and Switzerland (Swiss GAAP FER Foundation) and with the participation of the International Accounting Standards Board (IASB) are pleased to invite all interested parties to a public outreach event on the IASB's Discussion Paper Disclosure Initiative -Principles of Disclosure on Monday, 11 September 2017 (12:00 to 17:00) in Frankfurt/Main.
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22/05/2017 - Better Communication: Disclosures, what do analysts and investors need?
EFRAG, the European Federation of Financial Analysts Societies (EFFAS), the Norwegian Society of Financial Analysts (NFF) and the Norwegian Accounting Standard Board (NASB) are pleased to invite you to participate in a joint user event, on Thursday 15 June 2017 (12:30-14:45) in Oslo, Norway on the IASB Discussion Paper Disclosure Initiative- Principles of Disclosure.
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18/05/2017 - EFRAG Board meeting May 2017
EFRAG announces that it will hold its EFRAG Board meeting on 31 May 2017
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18/05/2017 - EFRAG TEG conference call May 2017
EFRAG announces that it will hold an EFRAG TEG conference call Wednesday 24 May 2017
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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.
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16/05/2017 - Better Communication - Seeing the wood for the trees: role of disclosures?
EFRAG and the Norwegian Accounting Standards Board (NASB) are pleased to invite you to participate in a joint outreach event in Oslo on Thursday 15 June 2017 (15:00 to 17:00) on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure.
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12/05/2017 - Have the details of the disclosures brought us too close to the wall to see the wood for the trees: Role of disclosures
On Wednesday 14 June, the Confederation of Danish Industry (DI) and FSR (Danish Auditors), together with EFRAG, invite you to participate in a joint outreach event in Copenhagen (13:30 to 16:30) on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure.
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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.
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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.
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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.
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26/04/2017 - EFRAG Board conference call May 2017
EFRAG announces that it will hold a EFRAG Board conference call on Wednesday 3 May 2017.
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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.
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24/04/2017 - EFRAG TEG meeting 10-11 May 2017
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 10 and Thursday 11 May 2017
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24/04/2017 - EFRAG TEG conference call 26 April 2017
EFRAG announces that it will hold an EFRAG TEG conference call Wednesday 26 April 2017
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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.
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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.
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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.
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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.
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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.
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04/04/2017 - EFRAG Board meeting April 2017
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 11 April 2017.
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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.
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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.
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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.
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22/03/2017 - EFRAG TEG meeting 29-30 March 2017
EFRAG announces that it will hold its EFRAG TEG meeting on Wednesday 29 and Thursday 30 March 2017.
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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.
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15/03/2017 - EFRAG Board meeting March 2017
EFRAG announces that it will hold its EFRAG Board meeting on Wednesday 22 March 2017.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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30/01/2017 - EFRAG Board meeting 7 February 2017
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 7 February 2017.
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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).
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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.
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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.
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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.
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11/01/2017 - Summary report on the Joint Investor Outreach Event in Milan on IFRS 16 Leases and Amendments to IFRS 4 Insurance Contracts
EFRAG has published a Summary Report on the joint investor outreach event in Milan on 29 November 2016 covering IFRS 16 Leases and the amendments to IFRS 4 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts.
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23/12/2016 - EFRAG TEG meeting 25-26 January 2017
EFRAG announces that it will hold its TEG meeting on Wednesday 25 and Thursday 26 January 2017.
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22/12/2016 - EFRAG Board meeting January 2017
EFRAG announces that it will hold its EFRAG Board meeting on Wednesday 11 (jointly with EFRAG TEG) and Thursday 12 January 2017.
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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.
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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.
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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!
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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.
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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.
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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.
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06/12/2016 - EFRAG Board meeting 13 December 2016
EFRAG announces that it will hold its EFRAG Board meeting on Tuesday 13 December 2016.
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05/12/2016 - EFRAG TEG meeting 19-20 December 2016
EFRAG announces that it will hold its next EFRAG TEG meeting on Monday 19 and Tuesday 20 December 2016.
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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.
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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.
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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.
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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.
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15/11/2016 - Final programme: EFRAG/EFFAS/OIC/AIAF joint user event on Leases and Insurance Contracts
EFRAG/EFFAS/OIC/AIAF present the final programme of the joint user event on Leases and Insurance Contracts in Milan.
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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.
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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.
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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.
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02/11/2016 - EFRAG Board meeting 10 November 2016
EFRAG announces that it will hold its EFRAG Board meeting on Thursday 10 Novemer 2016.
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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.
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28/10/2016 - EFRAG/EFFAS/OIC/AIAF joint user event on Leases and Insurance Contracts
EFRAG, EFFAS, OIC and AIAF are pleased to give insight into the speaker panel of their outreach event on Amendments to IFRS 4: Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts and IFRS 16 Leases
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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.
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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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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.
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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
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27/09/2016 - EFRAG Board Meeting 6 October 2016
EFRAG announces that it will hold its EFRAG Board meeting on Thursday 6 October 2016.
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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.
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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.
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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.
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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.
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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.
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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.
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22/07/2016 - EFRAG 15 Years Anniversary Event - Summary Report
EFRAG is pleased to provide a summary report of its 15 Years Anniversary Event.
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20/07/2016 - Summary Event Report: "What is new in Accounting for Leases: a change worth $2.2 trillion"
EFRAG, EFFAS and ABAF/BVFA are pleased to provide a summary report of the outreach event of 5 July 2016.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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15/06/2016 - EFRAG - EFFAS/ABAF Joint Event: What is new in Accounting for Leases: A Change worth $2.2 Trillion
EFRAG, EFFAS and ABAF/BVFA are pleased to give insight into the speaker panel of their outreach event on IFRS 16.
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14/06/2016 - EFRAG publishes Annual Review 2015
EFRAG is pleased to share the review of its 2015 important events and activities. -
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.
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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.
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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.
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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.
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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).
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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!
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06/04/2016 - Measurement in the IFRS Conceptual Framework
EFRAG has issued supplementary proposals related to the Measurement Chapter of the IFRS Conceptual Framework
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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.
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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.
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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.
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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.
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09/03/2016 - New investor insights into financial reporting
EFRAG and ICAS publish a study on the decision usefulness of financial reporting
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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.
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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
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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
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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.
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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.
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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.
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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.
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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
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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
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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. -
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.
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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. -
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. -
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 - 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. -
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. -
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. -
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. -
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).
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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. -
02/12/2014 - EFRAG - EFFAS/ABAF - IASB User Event: Rate-regulated activities: is there anything missing from the balance sheet? - Brussels - 18 December
EFFAS, ABAF, EFRAG and the IASB are pleased to confirm the speaker panel of their user event due to take place on Thursday 18 December 14.00 - 17.00 hrs. The speakers include Jesùs Lopez Zaballos, EFFAS Chairman; Philippe Danjou, IASB Board Member; Hans Buysse, Member of the EFFAS Executive Management Committee and EFRAG Board Member; Bart Jooris, Equity analyst, Bank Degroof; Myriam Cohen, Equity analyst, Alpha Value; Stefanie Voelz, Vice President - Senior Analyst, Moody's Investors Service Ltd and Françoise Flores, EFRAG TEG Chairman.
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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.