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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.

The European Commission endorsed Amendments to IAS 1 Presentation of Financial Statements entitled Disclosure Initiative. The amendments aim to improve the effectiveness of disclosure and to encourage companies to apply professional judgement in determining what information to disclose in their financial statements when applying IAS 1. Each company shall apply the amendments, at the latest, as from the commencement date of its first financial year starting on or after 1 January 2016.

Link to the publication in the Official Journal of the European Union:

Commission Regulation (EU) No 2015/2406 of 18 December 2015