EFRAG UPDATE NOVEMBER 2021

EFRAG

​The November 202​1 edition of the EFRAG Update, summarising public technical dis​cussions held and dec​isions taken during that month, has been pu​blished and can be download​​​​ed below.​ Read the complete news here

EFRAG ENDORSEMENT STATUS REPORT – UPDATE

EFRAG

​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

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

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

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

EFRAG

08.11.2021 EFRAG has published its Draft Comment Letter (DCL) 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 and seeks constituents’ views on how the IFRS 9 is working in practice. Comments on the Draft Comment Letter are requested by 14 January…

EFRAG SURVEY: WOULD YOU PREFER LESS DISCLOSURES FOR SUBSIDIARIES?

EFRAG

08.11.2021 EFRAG is inviting preparers of financial statements (parents and subsidiaries) to participate in a survey on the IASB Exposure Draft Subsidiaries without Public Accountability: Disclosures published in July 2021. Preparers are asked to complete an online survey for parents and subsidiaries by 7 January 2022. Read the complete news here

– SAVE THE DATE – WEBINAR ON AN ACADEMIC STUDY ON THE PRODUCTION AND CONSUMPTION OF INFORMATION ON INTANGIBLES – 30 NOVEMBER 2021

EFRAG

On 30 November 2021, during a public webinar starting at 15:00 (CET), an academic team will present a research project on intangibles jointly supported by EFFAS, EFRAG and ICAS.   08.11.2021 ​​On Tuesday 30 November, the results and practical recommendations of the research project The Production and Consumption of Information on Intangibles: An Empirical Investigation of CFOs and Investors will…

ARE YOU READY FOR DISCLOSURE REQUIREMENTS BASED COMPLETELY ON OBJECTIVES? – PREPARERS STILL HAVE UNTIL 20 NOVEMBER TO RESPOND

EFRAG

03.11.2021 EFRAG seeks feedback from all type of preparers on a new approach to developing disclosure requirements in individual IFRS Standards by the IASB. The proposals is tested on IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits. EFRAG issued an online questionnaire / invitation for an interview to receive feedback specifically (but not exclusively) from small…