EFRAG Calls for New Members of its EFRAG Rate-regulated Activities Working Group

EFRAG is renewing its Rate-regulated Activities Working Group (EFRAG RRAWG) to support the endorsement process for a new IFRS Accounting Standard on regulatory assets and liabilities, expected to be published in late 2025. The group is seeking additional members, particularly from preparers and users, with expertise in rate-regulated environments and financial reporting. Application Deadline: 15…

EFRAG Seeks Stakeholders’ Comments on Its Draft Endorsement Advice on IFRS 18 Presentation and Disclosure in Financial Statements

EFRAG has published its Draft Endorsement Advice (DEA) on IFRS 18 Presentation and Disclosure in Financial Statements and invites stakeholders to submit comments by 26 March 2025. Objective of IFRS 18IFRS 18 aims to improve the usefulness of information presented and disclosed in financial statements, particularly by addressing feedback from stakeholders, including users requesting better…

EFRAG Endorsement Status Report – Update

The European Commission has endorsed the Amendments to IAS 21, The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability, and this update is now reflected in the EFRAG Endorsement Status Report. The Amendments to IAS 21 specify the conditions under which a currency is exchangeable into another currency. They also provide guidance on…

CDP and EFRAG Announce Extensive Interoperability Between CDP Questionnaire and EU Sustainability Reporting Standards

At COP29, EFRAG and CDP, the global disclosure system for environmental data, announced a major development in the interoperability between the CDP questionnaire and the European Sustainability Reporting Standards (ESRS). This collaboration is a significant step forward in creating efficiency in the environmental data ecosystem. Through joint mapping efforts, EFRAG and CDP identified a high…

EFRAG Webinars on ESRS for Non-EU Groups on 19-20 November 2024

EFRAG is hosting webinars on the draft ESRS for Non-EU Groups, which are required by the CSRD for non-EU companies generating over EUR 150 million annually in the EU. These companies will need to report on sustainability impacts at the group level starting in financial year 2028, with reports due in 2029. The webinars will…

EFRAG Call for Candidates: Academic Panel Membership Open

EFRAG is inviting applications from academics in corporate reporting, including financial and sustainability reporting, to join its Academic Panel. The application deadline is 16 December 2024. The EFRAG Academic Panel, which has been active for over seven years, promotes collaboration between EFRAG and the academic community. The panel supports EFRAG’s technical advisory bodies (EFRAG FR…

CESGA 4.1: The First Certification Accredited by EFRAG as ESRS Compliant

5 November, 2024. CESGA 4.1: Everything you need to know We are excited to announce that the CESGA 4.1 certification has achieved a significant milestone by becoming the first credential accredited by the European Financial Reporting Advisory Group (EFRAG) for compliance with the European Sustainability Reporting Standards (ESRS). This accreditation solidifies CESGA’s position as a…