EFRAG Releases Final comment letter on IASB´s ED Contracts for Renewable Energy

EFRAG

EFRAG has released its final comment letter on the IASB’s Exposure Draft Contracts for Renewable Electricity. EFRAG supports the IASB’s efforts to address the increasing prevalence of Power Purchase Agreements in line with the European Green Deal, but makes suggestions regarding scope, own-use assessment, disclosure requirements and hedge accounting requirements.   For more information – [Here]

EFRAG Releases New ESRS Q&A Explanations Covering the January-July 2024 Period  

EFRAG

EFRAG released 23 new Explanations to be added to its Compilation of Technical Explanations to assist stakeholders in the implementation of the ESRS via the EFRAG ESRS Q&A Platform. The Compilation of Explanations now includes a total of 93 explanations released between January and July 2024.     These responses are provided as part of EFRAG’s role as a technical advisor to…

EFRAG Releases its Annual Review 2023

EFRAG

This report provides 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 2024. For more information – [Here]

EFRAG Releases Study on Early Implementation of ESRS: Insights from Selected EU Companies for Q2 2024

EFRAG

EFRAG has published a its Study: ‘State of play as of Q2 2024 | Implementation of European Sustainability Reporting Standards (ESRS): Initial Practices from Selected Companies’. This study aims to shed light on the initial practices of implementing the European Sustainability Reporting Standards (ESRS). As the ESRS implementation is still in its early stages, the findings should…

19 July 2024, EFRAG Endorsement Status Report – Update

EFRAG

On 18 July 2024, the IASB issued Annual Improvements Volume 11. It contains amendments to the following IFRS Standards:  IFRS 1 First-time Adoption of International Financial Reporting Standards. IFRS 7 Financial Instruments: Disclosures. IFRS 9 Financial Instruments. IFRS 10 Consolidated Financial Statements. IAS 7 Statement of Cash Flows. EFRAG updated the EFRAG Endorsement Status Report. EFRAG Endorsement Status Report 19 July 2024.pdf.

17 July 2024, 09:47 CEST Online & in person Event: EFRAG FRB Webcast Meeting

EFRAG

Webcast on:  Business Combinations – Disclosures, Goodwill and Impairment,  Clash Flow Reporting, Provisions – Targeted Improvements, Updating the Subsidiaries without public accountability: Disclosures Standard.   To watch the webcast please register here.   The agenda and public documents of the meeting can be found here.