Sándor Misik, New President of the Hungarian HCMPS Association On behalf of the EFFAS Executive Management Committee (EMC), it is our great honour and privilege to extend our heartfelt congratulations on the appointment of Mr. Misik as the new President of the Hungarian Capital Market Professionals Society. Introducing Sandor Misik, New President of HCMPS We…
EFRAG Launches December 2024 Update and New Podcast Series on Corporate Reporting Trends EFRAG has published its December 2024 Update, highlighting the latest developments in financial and sustainability reporting. In a move to further engage stakeholders, EFRAG has also launched the EFRAG Update Podcast, a monthly series providing deeper insights into corporate reporting trends. The…
EFRAG, ABAF-BVFA, and CNC-CBN Seminar: Key Insights for 2025 – 6 February EFRAG, in collaboration with ABAF-BVFA and CNC-CBN, has announced a new event aimed at equipping financial statement users with essential insights into the evolving reporting framework for 2025. The event will focus on investor- and analyst-oriented projects, providing participants with the tools and…
EFRAG Publishes Final Comment Letter on IASB Equity Method Exposure Draft EFRAG has shared its final comment letter on the IASB’s Exposure Draft, Equity Method of Accounting for Investments in Associates and Joint Ventures. For more information [here] The Exposure Draft, issued on 19 September 2024, aims to resolve IAS 28 application issues and enhance…
EFRAG Endorsement Advice on Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7 EFRAG has published its Endorsement Advice Letter to the European Commission regarding the IASB’s Amendments to IFRS 9 and IFRS 7 on Contracts Referencing Nature-dependent Electricity. The IASB issued these Amendments on December 18, 2024, following their initial exposure…
The EFRAG & IASB Session on IFRS 19: Summary Report is Now Available EFRAG has published a summary report on the educational session about IFRS 19, the IASB’s reduced disclosure standard, which took place on 2 December 2024. The session explored the practical application of IFRS 19, particularly its impact on European entities. For more…
Introducing EFFAS’ Four New Certifications: Elevate Your Financial Expertise EFFAS is proud to announce the launch of four cutting-edge certifications, designed to empower finance professionals with the skills and recognition they need to thrive in today’s dynamic markets. These programs, each tailored to specific career paths within the financial industry, are your gateway to specialized…
EFRAG ESRS Q&A Platform: Compilation of Explanations – December 2024 EFRAG announced the release of new Explanations addressing five environmental questions, bringing the total number of answered questions to 162. The December 2024 batch includes key Explanations on topics like climate change mitigation and adaptation targets, as well as biodiversity and ecosystems. These updates are…
EFRAG Releases 23 New Explanations to Support ESRS Implementation EFRAG has announced the release of 23 new explanations to be added to its Compilation of Technical Explanations, bringing the total to 93 entries. These updates are designed to assist stakeholders in the effective implementation of the European Sustainability Reporting Standards (ESRS) via the EFRAG ESRS…
EFRAG Seeks Comments on its Draft Endorsement Advice on Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7 EFRAG has published its Draft Endorsement Advice (DEA) on Contracts Referencing Nature-dependent Electricity, which includes proposed amendments to IFRS 9 and IFRS 7. Stakeholders are invited to submit their comments by 13 January 2025.…