EFFAS' ESG Essentials Programme arrives in Romania The Association of Financial-Banking Analysts from Romania (AAFBR) in partnership with the Institute of Financial Studies (ISF) is launching the ESG Essentials programme in Romania. It is designed to facilitate an understanding of fundamental concepts and trends in environmental and social issues along with corporate governance (i.e., Environmental,…
IFRS Symposium on Sustainability Standards and Corporate Reporting Javier de Frutos, Chair of the EFFAS Commission on Financial Reporting (CFR), attended the inaugural IFRS Foundation Sustainability Symposium on 17 February 2023 in Montru00e9al, Canada. Here is his summary of the key points. The meeting convened global businesses, investors, and policy makers to discuss progress towards…
Im Memoriam Everyone at EFFAS was deeply saddened to hear of the recent passing of our valued colleague and friend, Andrea Gasperini. Chartered Accountant and Auditor in Milan, Italy. Since 1993 Andrea was Head of Sustainability and the ESG Observatory at the Associazione Italiana per l’Analisi Finanziaria (AIAF). Andrea was a pioneer and leader in…
EFRAG releases its summary report on the conference "Where is Corporate Reporting heading?" EFRAG is pleased to publish its summary report on the conference “Where is Corporate Reporting heading?” that took place on 7 December 2022, in Brussels. At the event, key corporate reporting stakeholders discussed the new trends in the Environmental, Social, and Governance…
EFRAG PODCAST – Accounting for variable consideration – from a purchaser perspective Become familiar with EFRAG’s Discussion Paper: Accounting for variable consideration – from a purchaser’s perspective in 7 minutes. Read the complete news here. Resources Accounting for variable consideration –… here
Chiara Del Prete appointed EFRAG SR TEG Chair On 1 February 2023, the EFRAG Administrative Board appointed Chiara Del Prete as EFRAG SR TEG Chair for a term of three years effective from yesterday. Chiara is a member of the EFRAG management team since April 2019, as EFRAG FR TEG Chair and, since May 2022…
EFRAG Update January 2023 The January 2023 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. Resources here
EFRAG'S Endorsement Advice on Amendments to IFRS 16 EFRAG has completed its due process regarding Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) and has submitted its Endorsement Advice Letter to the European Commission. Read the complete news here. Resources here.
EFRAG Draft Comment Letter on the IASB’s ED/2023/1 International Tax Reform – Pillar Two Model Rules EFRAG has published its Draft Comment Letter in response to the IASB’s Exposure Draft 2023/1 International Tax Reform – Pillar Two Model Rules (Proposed Amendments to IAS 12) (the “ED”). Comments can be submitted until 27 February 2023. Read…
Academic study – The Theory and Practice of Discounting in Financial Reporting under IFRS EFRAG and ICAS has published a co-sponsored academic study on the theory and practice of discounting. The study is available here. Comments are requested by 31 March 2023. Read the complete news here. Resources here