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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.​


In close coordination with European National Standard Setters and jointly with​ the IASB, EFRAG conducted a series of field-tests of the IASB proposals included in the Exposure Draft ED/2019/7 General Presentation and Disclosures, published in December 2019, involving preparers from the EEA .

The purpose of the field-test is to identify potential implementation and application concerns, determine whether there is a need for additional guidance and estimate the effort required to implement and apply the proposals.

This online Preparers Roundtable, organised by EFRAG and Business Europe in close cooperation with the IASB, was targeted at ​preparers that were unable to participate in the earlier field-tests. The participants discussed the application of the IASB proposals and their experiences of the field testing, contributing to the debate on primary financial statements.​

This summary report has been prepared for the convenience of European constituents to summarise the input from the workshop and will be further considered by the involved organisations in the respective due process on the IASB proposals.