14/06/2024 - Update of EFRAG Secretariat Briefings on the use of IFRS 19 Subsidiaries without Public Accountability

On 9 May 2024, the IASB issued the IFRS 19 Subsidiaries without Public Accountability: Disclosures Standard. The reduced-disclosure Standard can be applied by eligible subsidiaries on a voluntary basis. It is effective for the periods beginning on or after 1 January 2027 with an early application permitted.

To facilitate constituents' understanding of the potential impact of the Standard and to support the potential endorsement of IFRS 19 in the EU, the EFRAG Secretariat provides updated Briefings focusing on the scope of IFRS 19 from the EU perspective considering relevant laws and regulations and presenting the differences in the disclosure requirements between the EU Accounting Directive 2013/34/EU and IFRS 19. The original briefings were published during the consultation phase on the Exposure Draft Subsidiaries without Public Accountability: Disclosures (ED).

The updated EFRAG Secretariat Briefings are available here: 

• UPDATED EFRAG SECRETARIAT BRIEFING: AN EU PERSPECTIVE ON THE SCOPE OF IFRS 19. WHO WOULD BE ABLE TO APPLY IT IN THE EU? 
  
• briefing covering the application of the scope of IFRS 19 in the EU landscape, highlighting the changes in both the scope of IFRS 19 and the EU regulation since the publication of the original Briefing in December 2021;
• UPDATED EFRAG SECRETARIAT STUDY ON COMPATIBILITY OF THE EU ACCOUNTING DIRECTIVE WITH IFRS 19.
  • comparability study presenting differences in the disclosure requirements between IFRS 19 and the EU Accounting Directive 2013/34/EU and highlighting the changes since the original Briefing published in February 2022.