EFRAG released the Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME)

EFRAG

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…

The Association of Financial Analysts – Bankers in Romania (AAFBR) has a new Board of Directors

News and press releases about EFFAS and EFFAS partners or member societies

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…

First EFFAS Exam Center Established in Macau Introducing ESG Certification

News and press releases about EFFAS and EFFAS partners or member societies

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…

EFRAG Conference 2024: Programme Available – Registrations Open

EFRAG

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,…

Joint EFRAG-IASB Educational Session on IFRS 19 Subsidiaries Without Public Accountability

EFRAG

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.…

EFRAG and European Commission Present Legal Framework and Standard-Setting Approach for ESRS for Non-EU Groups – Webinar Recording Available

EFRAG

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 Publishes Discussion Paper on the Statement of Cash Flows

EFRAG

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…

EFRAG Publishes Final Comment Letter on IASB ED – Proposed Amendments to IAS 21 

EFRAG

EFRAG has released its Final Comment Letter (FCL) on the IASB’s Exposure Draft IASB/ED/2024/4 concerning Translation to a Hyperinflationary Presentation Currency and proposed amendments to IAS 21.   Key Highlights: EFRAG supports the proposed amendments to IAS 21 addressing the translation to a hyperinflationary presentation currency. Recommendations have been made to enhance the clarity of the proposals. EFRAG supports the disclosure requirements for both subsidiaries without public accountability and the proposed transition requirements.  …