On September 20, 2024, EFRAG published its Draft Comment Letter (DCL) on the IASB’s Exposure Draft IASB/ED/2024/5, which proposes amendments to IFRS 19 concerning Subsidiaries without Public Accountability: Disclosures.
EFRAG supports the IASB’s initiative to update IFRS 19, including efforts to streamline the new and amended disclosures introduced in IFRS Accounting Standards from February 2021 to May 2024. The proposed changes cover aspects such as financial statement presentation, supplier finance arrangements, international tax reforms, financial instruments classification, and the potential reduction of disclosures related to regulatory assets and liabilities.
Stakeholders can submit their comments on EFRAG’s DCL until November 13, 2024.
For more information: [here]