27/01/2012 | EFRAG's draft comment letter on ESMA Considerations of Materiality in Financial Reporting

EFRAG has issued its draft comment letter on ESMA Consultation paper Considerations of Materiality in Financial Reporting. The letter can be downloaded here below. Comments are invited on the letter by 27 February 2012.

26/01/2012 | Endorsement Status Report Update

EFRAG has issued its draft endorsement advice letters on the Amendments to IFRS 7 Disclosures – Offsetting Financial Assets and Financial Liabilities and Amendments to IAS 32 Offsetting Financial Assets and Financial Liabilities. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

26/01/2012 | EFRAG requests comments on its draft endorsement advice and effects study report on Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32 and IFRS 7)

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Amendments to IAS 32 - Offsetting Financial Assets and Financial Liabilities and IFRS 7 - Disclosures–Offsetting Financial Assets and Financial Liabilities. It is consulting both on its assessment of the Amendments to IAS 32 and IFRS 7 against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from their implementation and application in the EU. Comments are requested by 25 February 2012.

24/01/2012 | EFRAG expects to issue an invitation to comment on its initial assessments of IFRS 10, IFRS 11 and IFRS 12 on 1 February 2012 with a comment period until 8 March 2012

EFRAG expects to approve its initial assessments of IFRS 10, IFRS 11, IFRS 12, IAS 27 (amended 2011) and IAS 28 (amended 2011) (the Standards) at a conference call meeting on 31 January 2012

23/01/2012 | EFRAG TEG Conference call 26 January 2012

EFRAG announces that it will hold a public conference call on 26 January 2012 from 10:00 to 11:00 CET

23/01/2012 | EFRAG Update January 2012

The January 2012 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

23/01/2012 | EFRAG TEG Conference call 31 January 2012

EFRAG announces that it will hold a public conference call on 31 January 2012 from 10:00 to 12:00 CET

20/01/2012 | EFRAG’s endorsement advice and effects study report on the Amendments to IFRS 1 Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters

EFRAG has completed its due process regarding the Amendments to IFRS 1 Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

20/01/2012 | EFRAG's Final Endorsement Advice and Effects Study Report on IFRS 13 (Issued May 2011)

EFRAG has completed its due process regarding IFRS 13 (as issued by the IASB in May 2011) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

20/01/2012 | EFRAG’s endorsement advice and effects study report on the Amendments to IAS 12 Deferred Tax: Recovery of Underlying Assets

EFRAG has completed its due process regarding the Amendments to IAS 12 Deferred Tax: Recovery of Underlying Assets (‘the Amendments’) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

20/01/2012 | EFRAG's draft comment letter on the IASB's ED Revenue from Contracts with Customers

EFRAG has issued its draft comment letter on the IASB's ED Revenue from Contracts with Customers. The letter can be downloaded here. Comments are invited on the letter by 9 March 2012.

20/01/2012 | EFRAG’s endorsement advice and effects study report on IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine

EFRAG has completed its due process regarding IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

19/01/2012 | EFRAG PRC and EFRAG Reference Group joint meeting Summary - 11 January 2012

The summary of the EFRAG PRC and Reference Group joint meeting held on 11 January 2012 has been published and can be downloaded here.

19/01/2012 | EFRAG SB Meeting 8 February

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Wednesday 8 February.

19/01/2012 | EFRAG Draft Comment Letter on the IASB ED Transition Guidance (Proposed amendments to IFRS 10)

EFRAG has issued its draft comment letter on the IASB Exposure Draft Transition Guidance (Proposed amendments to IFRS 10). The letter can be downloaded here. Comments on the letter are invited by 9 March 2012.

18/01/2012 | EFRAG's final comment letter on the IASB's ED Investment Entities

EFRAG has issued its final comment letter on the IASB's ED Investment Entities. The letter can be downloaded here.

18/01/2012 | EFRAG and ICAS research funding opportunity: The use of information by capital providers

The European Financial Reporting Advisory Group (EFRAG) and The Institute of Chartered Accountants of Scotland (ICAS) invite expressions of interest to undertake a literature review on the use of information by capital providers.

18/01/2012 | EFRAG final comment letter on ED Government Loans (Proposed Amendments to IFRS 1)

EFRAG submitted today to the IASB its comment letter on the Exposure Draft Government Loans (Proposed Amendments to IFRS 1). The letter can be downloaded here.

21/12/2011 | NEW EFRAG TEG COMPOSITION AS OF APRIL 2012

EFRAG’s Supervisory Board appoints Joanna Frykowska from Ernst & Young Poland and Serge Pattyn from Emerio Belgium as new EFRAG TEG members, and reappoints Mike Ashley as EFRAG TEG Vice-Chairman and Nicklas Grip, Nicolas de Paillerets, Hans Schoen, and Andrea Toselli as EFRAG TEG members.

11/05/2011 | The 2010 EFRAG Annual Review is available!

The EFRAG 2010 Annual Review has been published and is available for download.