EFRAG

EFRAG’S FEEDBACK STATEMENT ON MANAGEMENT COMMENTARY

The Feedback Statement summarises constituents’ feedback on EFRAG’s Draft Comment Letter relating to the IASB Exposure Draft 2021/06 Management Commentary and explains how EFRAG considered this feedback in developing its Final Comment Letter. Read the complete news here

EFRAG’S ENDORSEMENT ADVICE ON INITIAL APPLICATION OF IFRS 17 AND IFRS 9 – COMPARATIVE INFORMATION (AMENDMENT TO IFRS 17)

EFRAG has completed​​ its due process ​regarding Initial Application of IFRS 17 and IFRS 9 – Comparative Information (Amendment to IFRS 17) ​and has submitted its Endorsement Advice Letter to the European Commission. Read the complete news here

EFRAG ASKS FOR YOUR VIEWS ON CLASSIFICATION OF LIABILITIES WITH COVENANTS AND SUPPLIER FINANCE ARRANGEMENTS

EFRAG invites constituents to complete either or both of its online questionnaires on Non-current Liabilities with Covenants and Supplier Finance Arrangements by 4 March 2022. Both projects aim to improve reporting of liquidity risks. Read the complete news here

EFRAG UPDATE JANUARY 2022

The January 202​2 edition of the EFRAG Update, summarising public technical dis​cussions held and dec​isions taken during that month, has been pu​blished.​ Read the complete news here

EFRAG’S FINAL COMMENT LETTER IN RESPONSE TO THE IASB REQUEST FOR INFORMATION ON THE POST-IMPLEMENTATION REVIEW OF IFRS 9 – CLASSIFICATION AND MEASUREMENT

EFRAG has published its Final Comment Letter (‘FCL’) in response to the IASB request for information as a part of the Post-implementation Review (‘PIR’) of the classification and measurement requirements of IFRS 9 Financial Instruments. Read the complete news here

EFRAG COMMENT LETTER ON ED/2021/3 DISCLOSURE REQUIREMENTS IN IFRS STANDARDS – A PILOT APPROACH

EFRAG has published its comment letter on ED/2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach (Proposed Amendments to IFRS 13 and IAS 19) (‘The ED’). Read the complete news here

EFRAG WELCOMES THIRTEEN NEW MEMBER ORGANISATIONS IN SUSTAINABILITY REPORTING

EFRAG is glad to announce milestones in its governance reform relating to the integration of the sustainability pillar in its structure. EFRAG welcomes the membership of thirteen organisations with an interest in sustainability reporting. Read the complete news here

EFRAG DRAFT COMMENT LETTER ON SUPPLIER FINANCE ARRANGEMENTS

EFRAG has published its draft comment letter​ in response to the IASB’s Exposure Draft ED/2021/10 Supplier Finance Arrangements and seeks constituents’ views on the proposals. Comments on the draft comment letter are requested by 9 March 2022. Read the complete news here

Change in the EFRAG TEG composition

The new EFRAG Financial Reporting TEG (EFRAG FR TEG) composition has been approved by the EFRAG Financial Reporting Board (EFRAG FR Board). Read the complete news here

SUMMARY REPORT – EFRAG BUSINESSEUROPE IASB JOINT WEBINAR: FUTURE OF IFRS DISCLOSURE REQUIREMENTS: WHAT WE LEARNT FROM THE FIELD TEST WITH EUROPEAN PREPARERS

EFRAG has issued a summary report of the EFRAG Business Europe IASB joint webinar ‘Future of IFRS disclosure requirements: What we learnt from the field test with European preparers’ on 10 December 2021′. At the event, field test participants shared their fieldwork experience on the IASB ED Disclosure Requirements in IFRS Standards—A Pilot Approach Read…