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…
EFRAG Publishes Its Draft Comment Letter on the IASB ED Equity Method of Accounting EFRAG has released its draft comment letter (DCL) on the IASB Exposure Draft IASB/ED/2024/7 Equity Method of Accounting, IAS 28 Investments in Associates and Joint Ventures (revised 202x). Feedback to the DCL is invited by 6 January 2025. For more…
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…
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…
EFRAG Encourages Stakeholders to Participate in IASB Surveys on Intangibles Accounting The IASB has launched two surveys—one for investors and one for companies and other stakeholders—focused on accounting requirements for intangibles. EFRAG urges stakeholders to complete the relevant survey by 30 November 2024. For more information [here] The surveys aim to gather feedback on the…
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. For inquiries about the EFRAG Academic Panel, please contact: Associate Director Rasmus Sommer: Rasmus.Sommer@EFRAG.org EFRAG CEO Saskia Slomp: Saskia.Slomp@EFRAG.org For more information on…
EFRAG Conference "Advancing Transparency & Competitiveness in Challenging Times" 10 December EFRAG has unveiled the first keynote speakers for its upcoming 2024 Conference, “Advancing Transparency & Competitiveness in Challenging Times”, taking place on 10 December in Brussels and online. Confirmed speakers include: Andreas Barckow, IASB Chair Patrick de Cambourg, EFRAG SRB Chair Emmanuel Faber, ISSB…
CESGA 4.1: The First Certification Accredited by EFRAG as ESRS Compliant 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…
Call for investors and other stakeholders to help shape the IASB’s project on accounting requirements for intangibles. The International Accounting Standards Board (IASB) is asking investors, companies and other stakeholders to take part in its short survey on the accounting requirements for reporting on intangibles in company financial statements. 31 October, 2024. This survey is…
Apply Now: Extended Deadline for EFRAG Financial Reporting TEG – Applications Open Until 30 November 2024 On 28 October 2024, the European Financial Reporting Advisory Group (EFRAG) extended the application deadline for its Financial Reporting Technical Expert Group (EFRAG FR TEG) to 30 November 2024. Candidates should have: Strong technical expertise, Experience with IFRS, The…