24/05/2013 | EFRAG CFSS Meetings 12 and 13 June; EFRAG TEG Meetings 12 and 14 June 2013

EFRAG announces that it will hold the next Consultative Forum of National Standard Setters (EFRAG CFSS) and Technical Expert Group (EFRAG TEG) meetings on 12, 13 and 14 June 2013.

24/05/2013 | EFRAG's Draft Comment Letter on the IASB's draft ED/2013/5 Regulatory Deferral Accounts

EFRAG is issuing its draft comment letter on the IASB's ED/2013/5 Regulatory Deferral Accounts. Comments on the letter are invited by 21 August 2013.

23/05/2013 | EFRAG’s feedback statement on ‘Novation of Derivatives and Continuation of Hedge Accounting – Proposed amendments to IAS 39 and IFRS 9’

EFRAG has published its feedback statement for its final comment letter on the Exposure Draft ‘Novation of Derivatives and Continuation of Hedge Accounting – Proposed amendments to IAS 39 and IFRS 9’.

23/05/2013 | EFRAG announces the composition of its new Rate Regulated Activities Working Group

EFRAG TEG has approved in its May meeting the composition of the EFRAG Rate Regulated Activities Working Group.

22/05/2013 | EFRAG and the National Standard Setters ANC, ASCG, FRC and OIC invite companies to participate in field-testing of the proposed accounting guidance for leases

On 16 May 2013, the IASB issued the revised Exposure Draft Leases (ED) to propose changes in the accounting guidance for arrangements that are or contain leases. As one of the consequences, lessees will be required for all arrangements that would fall into the definition of a lease to recognise and measure right-of-use assets at cost and lease liabilities at the present value of the lease payments. EFRAG and the National Standard Setters are performing a field-test in order to evaluate how these proposals would affect European companies applying IFRS. This field-test is carried out by EFRAG with the National Standard Setters ANC, ASCG, FRC and the OIC.

21/05/2013 | EFRAG’s feedback statement on ‘Classification and Measurement: Limited Amendments to IFRS 9’

EFRAG has published its feedback statement for its final comment letter on the Exposure Draft ‘Classification and Measurement: Limited Amendments to IFRS 9’.

21/05/2013 | Endorsement Status Report Update

On 20 May 2013, the IASB issued IFRIC Interpretation 21 Levies, an Interpretation on the accounting for levies imposed by governments. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

15/05/2013 | EFRAG Update May 2013

The May 2013 edition of EFRAG Update, summarising the discussions held at the May EFRAG TEG meeting and in EFRAG TEG conference calls held on 11, 18 and 29 April, has been published and can be downloaded here.

14/05/2013 | EFRAG TEG Conference call 21 May 2013

EFRAG announces that it will hold a public conference call on 21 May 2013 from 14:00 to 16:00 CET

08/05/2013 | EFRAG’s Public Consultation – Is there a need for specific financial reporting for long-term investing activities business models?

EFRAG is launching public consultation on long-term investing activities business models.

08/05/2013 | What does Europe need to change as IFRS enter its second decade?

Today EFRAG Chairman Françoise Flores spoke at the ACCA event co-hosted by MEPs Dr Syed Kamall and Theodor Dumitru 'Future of IFRS: what purpose(s) do we want annual accounts to serve?'

07/05/2013 | EFRAG SB Meeting 22 May 2013

EFRAG announces that it will hold its next Supervisory Board (EFRAG SB) meeting on Wednesday 22 May.

29/04/2013 | EFRAG's Draft Comment Letter on the IASB's ED/2013/4 Defined Benefit Plans: Employee Contributions

EFRAG has issued its draft comment letter on the IASB's ED/2013/4 Defined Benefit Plans: Employee Contributions. Comments on the letter are invited by 5 July 2013.

16/04/2013 | EFRAG's Draft Comment Letter on the IASB’s ED/2013/3 Financial Instruments: Expected Credit Losses

EFRAG has issued its draft comment letter to the IASB on its Exposure Draft Financial Instruments: Expected Credit Losses, seeking feedback from its constituents. The letter can be downloaded here. Comments are invited on the letter by 17 June 2013.

16/04/2013 | EFRAG Update April 2013

The April 2013 edition of EFRAG Update, summarising the discussions held at the April EFRAG CFSS and EFRAG TEG meetings and in EFRAG TEG conference calls held on 8, 12 and 21 March, has been published and can be downloaded here.

12/04/2013 | EFRAG and the National Standard Setters ANC, ASCG, FRC and OIC launch a field-test on the IASB's expected credit losses model for financial instruments

On 7 March 2013, the IASB issued the Exposure Draft (ED) Financial Instruments: Expected Credit Losses. Under the proposed impairment requirements, entities will be required to recognise, measure and disclose expected credit losses in their portfolios of financial assets that are measured at amortised cost and FV-OCI, certain loan commitments and financial guarantee contracts, as well as trade receivables and lease receivables. This field-test is carried out by EFRAG with the National Standard Setters ANC, ASCG, FRC and OIC. Additionally, the following European associations have agreed to encourage their members to participate: EBF, ESBG, EACB, Leaseurope and BusinessEurope.

12/04/2013 | EFRAG's Final Comment Letter on the IASB's ED/2013/3 Equity Method: Share of Other Net Asset Changes

EFRAG has published its final comment letter to the IASB on the IASB’s Exposure Draft ED/2013/3 Equity Method: Share of Other Net Asset Changes.

11/04/2013 | EFRAG call for information– Rate-regulated regimes currently in force in Europe

EFRAG is asking European constituents to share with EFRAG their practical experiences with rate-regulated regimes currently in force in Europe