On October 9, EFRAG completed its due process regarding the Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) and has submitted its Endorsement Advice to the European Commission. These Amendments address stakeholder requests for clarification on the application guidance for assessing the contractual cash flow characteristics…
Date: December 10, 2024Location: The Hotel Brussels, 38 Bd de Waterloo, BrusselsTime: 9:00 – 17:15 CET, followed by drinks. EFRAG is hosting its third annual conference, titled “Advancing Transparency & Competitiveness in Challenging Times.” The event will showcase EFRAG’s advancements in sustainability reporting and new developments in financial reporting, featuring high-level speakers discussing the…
On September 20, 2024, EFRAG published its Draft Comment Letter (DCL) on the IASB’s Exposure Draft IASB/ED/2024/5, which proposes amendments to IFRS 19 concerning Subsidiaries without Public Accountability: Disclosures. EFRAG supports the IASB’s initiative to update IFRS 19, including efforts to streamline the new and amended disclosures introduced in IFRS Accounting Standards from February 2021…
On September 20, 2024, EFRAG issued a Draft Comment Letter (DCL) on the IASB’s Exposure Draft (ED) IASB/ED/2024/6, focusing on proposed illustrative examples for climate-related and other uncertainties in financial statements. EFRAG considers the examples helpful in applying IFRS Accounting Standards but suggests that further examples and standard setting may be needed to meet stakeholder…
On September 20, 2024, EFRAG launched an open call for tenders to help develop a comprehensive ESRS Knowledge Hub. This web-based platform will centralize key ESRS materials, including standards, guidance, Q&A resources, and taxonomies. The provider will handle the platform’s technical setup and initial content, with a completion target of September 30, 2025. They should…
On September 19, 2024, EFRAG released the Exposure Draft (ED) of its Due Process Procedures for the Financial Reporting Activities for public consultation. The aim is to formalize the existing procedures EFRAG uses in its financial reporting work. These procedures guide EFRAG’s role as a technical advisor to the European Commission, contributing to the IASB’s…
Vienna, 2 October 2024. The European Federation of Financial Analysts Societies (EFFAS) and The Austrian Association for Financial Analysis and Asset Management (ÖVFA) held its annual CESG (Commission on Environment, Social and Governance) conference at the Austrian National Bank in Vienna.,Leading experts in finance, sustainability, and technology gathered to discuss the latest advancements and challenges…
EFFAS Joins “Friends of EFRAG”, Enhancing Commitment to Sustainability Reporting 23 July 2024, Frankfurt The European Federation of Financial Analysts Societies (EFFAS) is proud to announce its official partnership with the European Financial Reporting Advisory Group (EFRAG) by becoming an official “Friend of EFRAG.” This collaboration underscores EFFAS’s commitment to promoting excellence in sustainability reporting…
EFRAG will hold two Workshops on September 27, 2024, from 9:30 to 11:30 CET, where the focus will be on the Revised LSME standard. This session is designed for companies subject to ESRS LSME and their representatives, including associations, auditors, and accountants. The EFRAG workshop will assess whether the revisions effectively incorporate feedback from public…
EFRAG held its Sustainability Reporting Technical Expert Group Physical Meeting on Thursday, 19 September 2024. To watch the recording meeting session, here. The agenda of the meeting and supporting documents of the meeting, here.