EFRAG has launched a survey to gather views on the voluntary application of IFRS 19 Subsidiaries without Public Accountability: Disclosures. This standard allows eligible subsidiaries to prepare financial statements with reduced disclosure requirements under IFRS. The insights will help EFRAG evaluate: The costs and benefits of applying IFRS 19. Whether the standard aligns with…
At the European Commission’s request, EFRAG delivered its Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME). This technical advice aims to provide a simplified, proportionate framework for SMEs not covered by the Corporate Sustainability Reporting Directive (CSRD), helping them access sustainable finance and monitor their sustainability performance. Development Process Public Consultation: Conducted from January…
Bucharest – 3 December 2024 The Association of Financial Analysts – Bankers in Romania (AAFBR) has a new Board of Directors The Association of Financial Analysts and Bankers in Romania (AAFBR) has elected a new Board of Directors for a two-year term, until the end of 2026.By a vote of the association’s members, Flavius Jakubowicz…
EFFAS News – 13 December 2024 Macau Daily News – First EFFAS Exam Center Established in Macau Introducing ESG Certification Pioneering Research in Sustainable Finance The European Federation of Financial Analysts Societies (EFFAS) Environmental, Social, and Governance (ESG) Certification Exchange and Exam Partnership Award Ceremony was held this morning at 10:30 a.m. at the headquarters…
PRESS STATEMENT – 06 December 2024 Frankfurt — 4 min. read The Gasperini ESG Awards 2025 Pioneering Research in Sustainable Finance The European Federation of Financial Analysts Societies (EFFAS) is pleased to announce the opening of submissions for the Gasperini ESG Awards 2025, a prestigious annual award that recognizes the most groundbreaking and impactful research…
PRESS STATEMENT – 04 December 2024 Frankfurt — 2 min. read EFFAS Highlights the Urgent Need to Strengthen Equity Markets in the EU Capital Markets Yearbook 2024 released EFFAS, the European Federation of Financial Analysts Societies, fully supports the latest analysis of the Savings and Investment Union (formerly known as Capital Markets Union). In April…
On 10 December 2024, EFRAG will hold its third annual conference, “Advancing Transparency & Competitiveness in Challenging Times”, in Brussels. The event will focus on key developments in sustainability and financial reporting, offering insights from high-level speakers and experts in the field. The EFRAG Conference will feature keynote speeches on the latest trends in corporate reporting,…
On 2 December 2024, EFRAG and AISB are organising an interactive session on IFRS 19 and its impact on subsidiaries without public accountability. The event will cover: Introduction to IFRS 19 and its requirements. EU perspective on its application. Panel discussions with preparers on implementation challenges. Insights on the EU endorsement process. Q&A sessions with IASB, EFRAG, and panellists.…
The recording and presentation slides of the webinar on ESRS for Non-EU Groups are now available for access. On 19-20 November 2024, EFRAG and the European Commission presented the legal framework and standard-setting approach for ESRS for Non-EU Groups to stakeholders. Key Takeaways As per Article 40a of the CSRD, non-EU companies generating over EUR 150 million annually in…
EFRAG has released its Discussion Paper (DP) on the Statement of Cash Flows and is seeking public comments by 15 May 2025. Objective of the Discussion Paper: The DP identifies key issues with the Statement of Cash Flows as prepared under IAS 7. It outlines various objectives of the statement and explores how it is used by primary users of financial statements. The DP also presents potential alternatives and supplements to the current statement…