06 February 2025 EFFAS CFR and CMC Commission Submissions: January 2025 Updates. With 2025 just beginning, two of our commissions have already been hard at work during January, submitting two comment letters, one press statement and one consultation. On January 24, the EFFAS Capital Markets Commission (CMC), with input from Fritz Mostböck, submitted its response…
28 January 2025 Introducing Sandor Misik, New President of HCMPS 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. We are confident that under your leadership,…
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 first episode features Sébastien Harushimana, Chair of EFRAG FR TEG, and Chiara Del…
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 knowledge necessary to address upcoming challenges and opportunities in financial reporting. Key…
EFRAG has shared its final comment letter on the IASB’s Exposure Draft, Equity Method of Accounting for Investments in Associates and Joint Ventures. The Exposure Draft, issued on 19 September 2024, aims to resolve IAS 28 application issues and enhance disclosure requirements in IFRS 12 and IAS 27. EFRAG supports key proposals, including the measurement…
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 draft (ED/2024/3) published in May 2024. The Amendments aim to improve the financial reporting of physical…
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. The event provided a comprehensive overview of IFRS 19, focusing on the standard’s key aspects,…
13 January 2024 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…
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 particularly relevant to specific sectors, offering valuable insights for those…
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 Q&A Platform. Key Updates There are now 93…