EFRAG’s final comment letters on the IASB’S exposure drafts on Non-Current Liabilities with Covenants and Supplier Finance Arrangements

EFRAG

  EFRAG has published its comment letters in response to the IASB’s Exposure Drafts ED/2021/9 Non-Current Liabilities with Covenants and ED/2021/10 Supplier Finance Arrangements (the EDs). In the EDs, the IASB proposes to clarify the classification of liabilities with covenants as non-current versus current and to enhance the transparency of reporting for supplier finance arrangements…

EFRAG Endorsement Status Report – Update

EFRAG

The ARC vote on the Amendments to IAS 12 Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction is now reflected in the EFRAG Endorsement Status Report. Read the complete news here.

EFRAG welcomes two new members in its Financial Reporting Board

EFRAG

EFRAG welcomes two new members in its Financial Reporting Board. For Sweden, Fredrik Walmeus is replacing Anders Ullberg who has taken up his new role as EFRAG Administrative Board member and for France, Marie Seiller is replacing Patrick de Cambourg who was appointed as EFRAG Sustainability Reporting Board member. Read the complete news here.

EFRAG welcomes its new Sustainability Reporting Board

EFRAG

The EFRAG General Assembly has appointed the members of the EFRAG Sustainability Reporting Board and admitted GE as Friend of EFRAG – Sustainability Reporting. EFRAG is pleased to inform on the next steps to complete its governance reform to integrate the sustainability reporting pillar in EFRAG’s structure by the target date of the end of…

EFRAG Endorsement Status Report – Update

EFRAG

The European Union has published a Commission Regulation endorsing Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies as well as Amendments to IAS 8 Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates. The Amendments are effective for annual periods beginning on or after 1 January 2023. Read the…