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. Read the complete news here
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). EFRAG, in close coordination with the IASB, has conducted field testing activities of the IASB proposals…
EFRAG LOOKS FORWARD TO COOPERATION WITH EMMANUEL FABER, THE NEW ISSB CHAIR IN A CO-CONSTRUCTION SPIRIT
FRAG 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. Read the complete news here
WEBINAR SUMMARY REPORT & RECORDINGS – INSIGHTS ON REPORTING THE BUSINESS MODEL, SUSTAINABILITY RISKS AND OPPORTUNITIES
On 3 November 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) organised a webinar to give insights into the findings of its report Towards Sustainable Businesses: Good Practices in Business Model, Risks and Opportunities Reporting in the EU, including user and…
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. Read the complete news
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. Read the complete news here
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. Read the complete news here
EFRAG ENDORSEMENT STATUS REPORT – UPDATE
The European Union has published a Commission Regulation endorsing IFRS 17 Insurance Contracts including the 2020 amendments. The Standard is effective for annual periods beginning on or after 1 January 2023. IFRS 17 replaces IFRS 4 Insurance Contracts and is designed to ensure that an entity provides relevant information that faithfully represents insurance contracts. This information would provide…
EFRAG’s Feedback Statement on the IASB Discussion Paper DP/2020/2 Business Combinations under Common Control
EFRAG published its Comment Letter on the IASB Discusion Paper DP/2020/2 Business Combinations under Common Control on 8 October 2021. This Feedback Statement summarises the comments received by EFRAG on its Draft Comment Letter and explains how those comments were considered by EFRAG during its technical discussions leading to the publication of EFRAG’s Comment Letter. Read the complete news
EFRAG BOARD WEBCAST MEETING 18 NOVEMBER 2021
EFRAG announces that it will hold its EFRAG Board webcast meeting on Thursday 18 November 2021. The meeting will be open for duly registered observers from 10:25 to 11:50 hrs; however, EFRAG reserves the right to have closed sessions at any point in time during the debates. Read the complete news here