Serge Pattyn a member of the EFFAS Commission on Financial Reporting (CFR) was appointed with immediate effect as the new Vice Chair of the EFRAG Financial Reporting Board (FRB) by the EFRAG General Assembly on 12 December 2022. Mr. Pattyn is a member of the Belgian Association of Financial Analysts (ABAF/BVFA) and was formerly acting…
EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG seeks in particular candidates with a user or preparer background. EFRAG strives for geographical and gender balance in the composition of EFRAG FR TEG. Read the complete news here.
In its broadened role as the technical advisor to the European Commission in the development of draft European Sustainability Reporting Standards (ESRS), EFRAG seeks to recruit both permanent and seconded (paid or in-kind) sustainability reporting professionals. Read the complete news here.
The endorsement by the European Commission of Amendments to IAS 12 Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction is now reflected in the Endorsement Status Report. The updated EFRAG Endorsement Status Report can be found here.
The EFRAG Sustainability Reporting Board has appointed the members of the EFRAG Sustainability Reporting Technical Expert Group (EFRAG SR TEG). This completes the main steps of integrating the EFRAG Sustainability Reporting Pillar in the EFRAG structure. Read the complete press release here. .
The ARC vote on the Amendments to IAS 12 Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction is now reflected in the EFRAG Endorsement Status Report. Read the complete news here.
The European Union has published a Commission Regulation endorsing Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies as well as Amendments to IAS 8 Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates. The Amendments are effective for annual periods beginning on or after 1 January 2023. Read the…
08.11.2021 EFRAG has published its Draft Comment Letter (DCL) in response to the IASB request for information as a part of the Post-implementation Review (‘PIR’) of the classification and measurement requirements of IFRS 9 Financial Instruments and seeks constituents’ views on how the IFRS 9 is working in practice. Comments on the Draft Comment Letter are requested by 14 January…
05.11.2021 Announcement of the composition of the eleven Expert Working Groups (EWGs) with expertise and experience on sustainability matters, to provide input for the development of draft European sustainability reporting standards. See full press release. Read the complete news here
02.11.2021 EFRAG published its Final Comment Letter on the IASB Exposure Draft ED/2021/4 Lack of Exchangeability (ED) on 14 September 2021. This Feedback Statement summarises the main comments received by EFRAG on its Draft Comment Letter and explains how EFRAG considered the comments during its technical discussions in reaching a final position on the proposals. Read…