Express your views
EFRAG organises also, most often in coordination with National Standard Setters in Europe and the IASB, outreach events open to the public. Those events are an opportunity to hear views directly from European constituents and stimulate debate.
Please find below the list of public consultations which are open at present and of the upcoming events to which you are invited to participate. Details are provided that include comment letter publication or event registration forms.
All comments will be on the public record and posted on our website unless the respondent requests confidentiality. Such requests will not normally be granted unless supported by good reason, for example, commercial confidence. Please see our website for details on this and how we use your personal data here.
Publications open for comments & Outreach events
01/10/2020 - Invitation to contribute to the ad personam mandate of EFRAG Board President Jean Paul Gauzès on non-financial reporting standard setting
EFRAG Board President Jean-Paul Gauzès invites all interested stakeholders to contribute views related to his ad personam mandate from the European Commission to develop proposals for possible changes to the governance and funding of EFRAG. These proposals will be subject to further public consultation.
Responses are requested by 30 October 2020.
30/09/2020 - Improving information regarding business combinations and subsequent accounting for goodwill – which way to go? - 16 October 2020
Register now for the joint online outreach event focused on the application of the IASB's proposals to improve disclosures regarding acquisitions and impairment testing on goodwill as well as the question whether goodwill amortisation should be reconsidered, organised by EFRAG, in cooperation with the IASB. The event will take place on 16 October 2020 from 10:00 to 13:00 (CEST).
30/09/2020 - EFRAG requests comments on its Draft Endorsement Advice on IFRS 17 Insurance Contracts as resulting from the June 2020 Amendments
EFRAG is consulting on both its assessment of IFRS 17 against the technical criteria in the EU and on its assessment of whether IFRS 17 is conducive to the European public good. Comments are requested by 29 January 2021.
11/09/2020 - Your opinion matters – Questionnaire for preparers – How could accounting for goodwill be improved?EFRAG launches a questionnaire/invitation for an interview for preparers with active M&A agendas or material goodwill amounts in the financial statements. The purpose is to collect input on the proposals in the Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment and on EFRAG’s suggestions included in its draft comment letter.
20/07/2020 - EFRAG's Discussion Paper on the accounting for crypto-assets (liabilities) - holder and issuer perspectiveEFRAG has published a Discussion Paper to gather constituents' views on the accounting for crypto-assets (liabilities) from a holder and issuer perspective. Comments are welcome throughout a 12-month period from the date of issuance until 31 July 2021. Comments provided earlier during the consultation period will be welcome. The consultation period caters for constituents’ impacted priorities and any constraints faced due to the current pandemic. It also allows EFRAG sufficient time to obtain as much feedback as possible.
25/06/2020 - EFRAG requests comments on its DEA on Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4)EFRAG is consulting on both its assessment of the Amendments against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good. Highlighting that the entire endorsement process is urgent, EFRAG requests your comments by 3 July 2020.
24/06/2020 - EFRAG requests comments on its Draft Endorsement Advice on Onerous Contracts - Cost of Fulfilling a Contract (Amendments to IAS 37)
EFRAG is consulting on its assessment of Onerous Contracts - Cost of Fulfilling a Contract (Amendments to IAS 37) against the technical criteria in the EU and on its assessment of whether the Amendments are conducive to the European public good. Comments are requested by 7 September 2020.
29/05/2020 - EFRAG Draft Comment Letter on IASB DP 'Business Combinations — Disclosures, Goodwill and Impairment'EFRAG has published its Draft Comment Letter in response to the IASB's Discussion Paper DP/2020/1 Business Combinations—Disclosures, Goodwill and Impairment. Comments on the draft comment letter are requested by 30 November 2020.
27/04/2020 - EFRAG extends its consultation period on Primary Financial Statements
Recognising the impact of the COVID-19 pandemic, on 17 April 2020 the IASB decided to extend the consultation period of its Exposure Draft on General Presentation and Disclosures (ED) by approximately three months. EFRAG has adjusted its timelines accordingly, considering the priorities of its stakeholders during the current pandemic and extended the comment period for its Draft Comment Letter on the ED until 28 September 2020 and its period of field testing until 31 August 2020.
To collect input from the community of interested preparers that are unable to participate in EFRAG's field-tests under the present circumstances, EFRAG is planning an online event on 1 September 2020
24/02/2020 - EFRAG draft comment letter on Primary Financial Statements
EFRAG has published its draft comment letter in response to the IASB's Exposure Draft 2019/7 General Presentation and Disclosures and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 19 June 2020, by close of business.