European Financial Reporting Advisory Group

07/05/2012 EFRAG TEG Meeting 9, 10 and 11 May 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 9, 10 and 11 May 2012.

16/04/2012 EFRAG, the ASB and the OIC organise outreach event on Proactive Discussion Papers jointly with the KSR, the KiBR and the SKwP

EFRAG, the UK Accounting Standard Board, the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - and the Polish Accounting Standards Committee (KSR) organise their joint outreach event on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting Of Income Tax' on 15 May in Warsaw from 12 to 15.30 pm. The outreach is organised together with the National Chamber of Statutory Auditors (KiBR) and the Association of Accountants in Poland (SKwP).

06/04/2012 EFRAG requests comments on its draft endorsement advice and draft effects study report on Government Loans (Amendments to IFRS 1)

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of Government Loans (Amendments to IFRS 1). It is consulting both on its assessment of the Amendments against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from its implementation and application in the EU. Comments are requested by 7 May 2012.

06/04/2012 EFRAG’s endorsement advice and effects study report on Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32) and Disclosures–Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7)

EFRAG has completed its due process regarding the Amendments to IAS 32 and IFRS 7 (as issued by the IASB in December 2011) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

06/04/2012 EFRAG's Final Endorsement Advice and Effects Study Report on IFRS 10, IFRS 11, IFRS 12, IAS 27 (2011) and IAS 28 (2011)

EFRAG has completed its due process regarding IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, IAS 27 (amended 2011) Separate Financial Statements and IAS 28 (amended 2011) Investments in Associates and Joint Ventures (the Standards) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

06/04/2012 EFRAG Update April 2012

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

06/04/2012 Endorsement Status Report Update

EFRAG has updated its endorsement status report

27/03/2012 EFRAG's final comment letter on ESMA Considerations of Materiality in Financial Reporting

EFRAG has issued its final comment letter on ESMA Consultation paper Considerations of Materiality in Financial Reporting.

26/03/2012 EFRAG's Final Comment Letter on the IASB's ED Transition Guidance (Proposed amendments to IFRS 10)

EFRAG has issued its final comment letter on the IASB's Exposure Draft Transition Guidance (Proposed amendments to IFRS 10). The letter can be downloaded here.

21/03/2012 EFRAG invites companies to participate in a supplementary study on how IFRS 10 will affect the consolidation of Special Purpose Entities (SPEs)

This supplementary study is intended to serve as input to the impact assessment of IFRS 10 by the European Commission, in addition to, and separately from, EFRAG endorsement advice. It is meant to illustrate the impacts of IFRS 10 Consolidated Financial Statements on the scope of consolidation in relation to Special Purpose Entities (SPEs). The study is conducted by EFRAG staff in close cooperation with the staff of National Standard Setters in Europe who are interested in participating in the study.

19/03/2012 EFRAG TEG Conference call 23 March 2012

EFRAG announces that it will hold a public conference call on 23 March 2012 from 14:30 to 16:00 CET

19/03/2012 Endorsement Status Report Update

The IASB issued Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards – Government Loans. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

19/03/2012 EFRAG PRC Conference Call Wednesday 21 March 2012

EFRAG announces that it will hold a public conference call on Wednesday 21 March 2012 from 14:00 - 16:00h CET.

19/03/2012 EFRAG, the DASB and the ASB organise outreach event on Proactive Discussion Paper

EFRAG, the UK and the Dutch Accounting Standard Boards organise their joint outreach event on the discussion paper 'Improving Financial Reporting of Income Tax' on 17 April in Amsterdam from 12.30 pm till 16 pm.

19/03/2012 EFRAG, the AFRAC, the ASB and the OIC organise outreach event on Proactive Discussion Papers

EFRAG, the UK Accounting Standard Board, the Austrian Accounting Standard Board and the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - organise their joint outreach event on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting Of Income Tax' on 18 April in Vienna from 2 pm till 6 pm.

13/03/2012 IASB and EFRAG discuss status of ongoing projects and other topics

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) delegation met on 9 March 2012 to discuss the IASB’s ongoing work on the four major open projects and to address a number of other matters. EFRAG is the private sector body responsible for stimulating debate in Europe about the evolution of International Financial Reporting Standards (IFRSs) and for providing input to the work of the IASB, after appropriate due process, on behalf of Europe.

13/03/2012 EFRAG, the ASB and the OIC organise outreach event on Proactive Discussion Papers

EFRAG, the UK Accounting Standard Board and the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - organise their joint outreach event on the discussion papers 'Business Combination Under Common Control' and 'Improving Financial Reporting Of Income Tax' on 16 April in London from 2 pm till 5 pm.

07/03/2012 EFRAG/IASB Joint Meeting 9 March 2012

EFRAG and the IASB will hold a joint meeting on 9 March 2012 in London.

06/03/2012 EFRAG TEG Meeting 20 March 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meeting on 20 March 2012.

01/03/2012 EFRAG Update February 2012

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

29/02/2012 EFRAG and the Italian Standard Setter OIC outreach event on Proactive Discussion Papers

EFRAG and the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - organise their joint outreach event on the discussion papers 'Business Combination Under Common Control' and 'Improving Financial Reporting Of Income Tax' on 15 March in Milan from 2 pm till 6 pm.

27/02/2012 EFRAG reports on the findings of the field-tests on implementing IFRS 10, IFRS 11 and IFRS 12

The EFRAG secretariat has issued a Feedback Report that summarises the findings and input received from companies which participated in the field-tests on implementing IFRS 10, IFRS 11 and IFRS 12.

16/02/2012 EFRAG extends comments deadline on its draft comment letter on ESMA Considerations on Materiality in Financial Reporting

ESMA has extended the deadline for the consultation on the considerations of materiality in financial reporting. For this reason, and to allow all interested stakeholders more time to respond to its draft comment letter, EFRAG has decided to extend its own comments deadline to 16 March 2012.

13/02/2012 EFRAG SB Summary 8 February

The summary of the EFRAG Supervisory Board meeting held on 8 February 2012 has been published and can be downloaded here.

09/02/2012 Endorsement Status Report Update

EFRAG has issued its draft endorsement advice letters on IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosures of Interests in Other Entities, IAS 27 Separate Financial Statements and IAS 28 Investments in Associates and Joint Ventures. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

09/02/2012 EFRAG requests comments on its draft endorsement advice(s) and draft effects study report(s) on IFRS 10, IFRS 11, IFRS 12, IAS 28 (2011) and IAS 27 (2011)

EFRAG has issued its initial assessments of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, IAS 27 (amended 2011) Separate Financial Statements and IAS 28 (amended 2011) Investments in Associates and Joint Ventures (the Standards).

07/02/2012 EFRAG TEG Conference call 8 February 2012

EFRAG announces that it will hold a public conference call on 8 February 2012 from 10:00 to 12:00 CET

02/02/2012 EFRAG TEG Meeting 22, 23 and 24 February 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 22, 23 and 24 February 2012.

31/01/2012 EFRAG's comment letter in response to the 4th batch of IFRS for SMEs draft Q&As

EFRAG has issued its comment letter in response to the fourth batch of draft Q&As related to the IFRS for SMEs. The comment letter can be downloaded here.

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 (extended to 16 March 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 Endorsement Status Report Update

EFRAG has issued its endorsement advice letters on IFRS 13 - Fair Value Measurement; Amendments to IAS 12 Deferred Tax: Recovery of Underlying Assets; Amendments to IFRS 1 Severe Hyperinflation and Removal of Fixed Dates for First-Time Adopters; and IFRIC Interpretation 20: Stripping Costs in the Production Phase of a Surface Mine. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

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.

12/01/2012 EFRAG TEG Meeting 16, 17 and 18 January 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 16, 17 and 18 January 2012.

05/01/2012 EFRAG PRC and EFRAG Reference Group joint meeting 11 January 2012

EFRAG announces that the next joint meeting of the EFRAG Planning & Resource Committee (EFRAG PRC) and the EFRAG Reference Group will take place on 11 January 2012

21/12/2011 Endorsement Status Report Update

On 16 December 2011, the IASB issued Amendments to IAS 32 Offsetting Financial Assets and Financial Liabilities, Amendments to IFRS 7 Disclosures - Offsetting Financial Assets and Financial Liabilities and Amendments to IFRS 9 and IFRS 7 Mandatory Effective Date and Transition Disclosures. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

21/12/2011 EFRAG reports on consolidated input received in European outreach events on the IASB Agenda Consultation 2011

EFRAG is issuing a consolidated feedback statement summarising the input received from the eight European events held from October to November 2011. Locations included Frankfurt, Copenhagen, Oslo, Amsterdam, Stockholm, Warsaw, Madrid and Brussels.

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.

15/12/2011 EFRAG requests the IASB to consider comment deadlines on the Exposure Draft Revenue from Contracts with Customers and the Review Draft on General Hedge Accounting

Today EFRAG has written to the IASB to request that the comment period on the Exposure Draft Revenue from Contracts with Customers be extended by 60 days and that the comment period on the Review Draft on General Hedge Accounting is set such that constituents have three months, outside their year-end closing period, to respond and participate in field-testing activities.

14/12/2011 EFRAG Update December 2011

The December 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG CFSS and TEG meetings, has been published and can be downloaded here.

09/12/2011 EFRAG requests deferral of the effective dates of IFRS 10, 11 and 12

EFRAG requests the effective date of IFRS 10, IFRS 11, IFRS 12, IAS 27 and IAS 28 to be deferred to the later of (a) 1 January 2014 or (b) 12 months after the amendments to IFRS 10 and the standard on investment entities have both been published

08/12/2011 EFRAG requests comments on its draft endorsement advice and effect study report on the Amendments to IFRS 1 Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters (‘the Amendments’)

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Amendments. Comments are requested by 8 January 2012.

08/12/2011 Endorsement Status Report Update

During its meeting on 7 December 2011, the ARC voted in favour of Amendments to IAS 19 Employee Benefits (published by IASB in June 2011) and to IAS 1 Presentation of Financial Statements - Presentation of items of other comprehensive income (published by IASB in June 2011). EFRAG has also published the draft endorsement advice on amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards - Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

07/12/2011 EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Amsterdam on 2 November 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG – DASB event on the IASB Agenda Consultation 2011 in Amsterdam on 2 November 2011.

05/12/2011 EFRAG's final comment letter on the IASB Agenda Consultation 2011

EFRAG has issued its final comment letter in response to the IASB Agenda Consultation 2011. The final comment letter can be downloaded here.

05/12/2011 EFRAG CFSS/TEG Meeting 7 December; EFRAG TEG meeting 8 and 9 December 2011

EFRAG announces that it will hold the next Consultative Forum of National Standard Setters (EFRAG CFSS) and Technical Expert Group (EFRAG TEG) meetings on 7, 8 and 9 December 2011.

04/12/2011 EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Copenhagen on 31 October 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG, DI - Confederation of Danish Industry and FSR - danske revisorer event on the IASB Agenda Consultation 2011 in Copenhagen on 31 October 2011.

02/12/2011 EFRAG SB summary - 24 November

The summary of the EFRAG Supervisory Board meeting held on 24 November 2011 has been published and can be downloaded here.

02/12/2011 EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Brussels on 25 November 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG – European Commission event on the IASB Agenda Consultation 2011 in Brussels on 25 November 2011.

01/12/2011 EFRAG's draft comment letter in response to the 4th batch of IFRS for SMEs draft Q&As

EFRAG has issued its draft comment letter in response to the fourth batch of draft Q&As related to the IFRS for SMEs. Comments on the letter are invited by 18 January 2012. The draft comment letter can be downloaded here.

30/11/2011 EFRAG's comment letter in response to the 3rd batch of IFRS for SMEs draft Q&As

EFRAG has issued its comment letter in response to the third batch of draft Q&As related to the IFRS for SMEs. EFRAG recommends not issuing any of the Q&As. The comment letter can be downloaded here.

29/11/2011 EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Oslo on 1 November 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG – NASB event on the IASB Agenda Consultation 2011 in Oslo on 1 November 2011.

29/11/2011 EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Stockholm on 9 November 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG – SFRB event on the IASB Agenda Consultation 2011 in Stockholm on 9 November 2011.

28/11/2011 Endorsement Status Report Update

In the light of the endorsement by the European Commission of Amendments to IFRS 7 Financial Instruments: Disclosures –Transfers of Financial Assets (published by IASB in October 2010), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

28/11/2011 EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Warsaw on 15 November 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG – Polish ASC, KSR, and KIBR event on the IASB Agenda Consultation 2011 in Warsaw on 15 November 2011.

28/11/2011 29 November EFRAG TEG conference call has been cancelled

EFRAG announces that the public conference call scheduled for 29 November 2011 from 14h00 - 16h00 CET has been cancelled

25/11/2011 EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Madrid on 16 November 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG – ICAC event on the IASB Agenda Consultation 2011 in Madrid on 16 November 2011.

25/11/2011 EFRAG PRC Conference Call 30 November 2011

EFRAG announces that the next Public Conference Call of the EFRAG Planning & Resource Committee (EFRAG PRC) will take place on 30 November 2011.

24/11/2011 EFRAG TEG conference call 29 November 2011

EFRAG announces that it will hold a public conference call on 29 November 2011 from 14:00 - 14:30 CET

21/11/2011 EFRAG PRC Conference Call 23 November 2011

EFRAG announces that the next Public Conference Call of the EFRAG Planning & Resource Committee (EFRAG PRC) on preparation of EFRAG final Comment Letter on IASB agenda consultation will take place on 23 November 2011.

18/11/2011 EFRAG's draft comment letter on the IASB's ED Government Loans (Proposed Amendmends to IFRS1)

EFRAG has issued its draft comment letter on the Exposure Draft - Government Loans (Proposed Amendments to IFRS 1). The letter can be downloaded here. Comments are invited on the letter by 27 December 2011

18/11/2011 EFRAG and European Commission European Outreach Event on the IASB Agenda Consultation: Your last chance to get direct influence on the IASB agenda!

After having organised jointly with the National Standard Setters successful outreach events on the IASB agenda consultation in Frankfurt, Copenhagen, Oslo, Amsterdam, Stockholm, Warsaw and Madrid, EFRAG and the European Commission look forward to welcoming you to their joint European outreach event on Friday 25 November 2011 in Brussels (10.30 -13.00 hrs). Add your input to the European positions expressed by EFRAG and the European Commission!

18/11/2011 EFRAG requests comments on its draft endorsement advice and draft effects study report on IFRS 13 Fair Value Measurement

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of IFRS 13 - Fair Value Measurement. It is consulting both on its assessment of IFRS 13 against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from its implementation and application in the EU. Comments are requested by 18 December 2011

18/11/2011 EFRAG requests comments on its draft endorsement advice and effect study report on the Amendments to IAS 12 Deferred Tax (2010): Recovery of Underlying Assets (‘the Amendments’)

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Amendments. Comments are requested by 18 December 2011.

18/11/2011 Endorsement Status Report Update

EFRAG has issued its draft endorsement advice letters on IFRS 13 - Fair Value Measurement and Amendments to IAS 12 Deferred Tax (2010): Recovery of Underlying Assets. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

14/11/2011 Change in the address for the Outreach event on the IASB post-convergence Agenda Consultation in Madrid

EFRAG and the Spanish Standard Setter ICAC – Instituto de Contabilidad y Auditoría de Cuentas – announce that the address for the Outreach event on the IASB post-convergence Agenda Consultation on 16 November in Madrid has changed.

14/11/2011 EFRAG SB Meeting 24 November

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Thursday 24 November.

14/11/2011 EFRAG Update November 2011

The November 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

14/11/2011 EFRAG TEG conference call 18 November 2011

EFRAG announces that it will hold a public conference call on 18 November 2011 from 10h00 - 11h30 CET

09/11/2011 EFRAG requests comments on its draft endorsement advice and draft effects study report on IFRIC 20 - Stripping Costs in the Production Phase of a Surface Mine

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of IFRIC 20 - Stripping Costs in the Production Phase of a Surface Mine (IFRIC 20). It is consulting both on its assessment of IFRIC 20 against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from its implementation and application in the EU. Comments are requested by 9 December 2011

07/11/2011 EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Frankfurt on 7 October 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG – ASCG event on the IASB Agenda Consultation 2011 in Frankfurt on 7 October 2011.

03/11/2011 User questionnaire on accounting for intangible assets

The Australian Accounting Standards Board (AASB) is conducting a study on the accounting for acquired intangible assets under IFRS.

02/11/2011 EFRAG TEG Meeting 7 and 8 November 2011

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 7 and 8 November 2011.

28/10/2011 EFRAG and the Spanish Standard Setter ICAC outreach event on the IASB Agenda Consultation

EFRAG and the Spanish Standard Setter ICAC – Instituto de Contabilidad y Auditoría de Cuentas –organise their joint outreach event on the IASB post-convergence Agenda Consultation on 16 November in Madrid from 11.00 till 14.00 hrs. The event will be held in a round table format. Observers are also welcome to attend.

28/10/2011 Final EFRAG comment letter on ED Mandatory effective date of IFRS 9

EFRAG submitted today to the IASB its final comment letter on the Exposure Draft Mandatory Effective Date of IFRS 9. The letter can be downloaded here.

27/10/2011 EFRAG Comment Letter on the IASB's ED/2011/2 Improvements to IFRSs

EFRAG has issued its Final Comment Letter to the IASB on the Exposure Draft 'Improvements to IFRSs'

24/10/2011 EFRAG TEG conference call 26 October 2011

EFRAG announces that it will hold a public conference call on 26 October 2011 from 10h00 - 11h00 CET

24/10/2011 Endorsement Status Report Update

On 19 October 2011, the IASB issued IFRIC Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine. In addition, EFRAG has issued its endorsement advices on the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income and the Amendments to IAS 19 Employee Benefits. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

24/10/2011 EFRAG Update October 2011

The October 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG and CFSS meetings, has been published and can be downloaded here.

21/10/2011 EFRAG’s endorsement advice and effects study report on the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income

EFRAG has completed its due process regarding the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

21/10/2011 EFRAG's endorsement advice and effects study report on the amended version of IAS 19 Employee Benefits

EFRAG has completed its due process regarding IAS 19 Employee Benefits (as amended in 2011) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

17/10/2011 EFRAG, the Polish Accounting Standards Committee, together with the Accountants' Association in Poland and the National Chamber of Statutory Auditors, organise an outreach event on the IASB Agenda Consultation

EFRAG, the Polish Accounting Standards Committee, together with the Accountants' Association in Poland and the National Chamber of Statutory Auditors, are pleased to invite you to their joint outreach event on the IASB post-convergence Agenda Consultation on 15 November 2011 in Warsaw (12.00 - 15.00 hrs).

14/10/2011 EFRAG's Final Comment Letter on the IFRS Interpretations Committee's tentative agenda decision on IAS 12 Income Tax – rebuttable presumption to determine the manner of recovery

EFRAG has issued its final comment letter on the Interpretations Committee's tentative rejection decision on IAS 12 Income tax – rebuttable presumption to determine manner of recovery. The letter can be downloaded here.

12/10/2011 EFRAG and Norwegian Accounting Standards Board (NASB) outreach event on the IASB Agenda Consultation.

EFRAG and the Norwegian Accounting Standards Board (NASB) are pleased to invite you to their joint outreach event on the IASB post-convergence agenda consultation on 1 November 2011 in Oslo (12.00 - 15.00 hrs.)

11/10/2011 EFRAG and The Swedish Financial Reporting Board outreach event on the IASB Agenda Consultation

EFRAG and the Swedish Financial Reporting Board organise their joint outreach event on the IASB post-convergence agenda consultation on 9 November in Stockholm from 12.00 till 14.30 hrs . The event will be held in a round table format. Observers are also welcome to attend.

10/10/2011 EFRAG, The Confederation of Danish Industry (DI) and FSR - Danish Auditors (The Institute of Public Accountants in Denmark) are pleased to announce an EFRAG/IASB Outreach Event on the Future Agenda of the IASB (IASB Agenda Consultation).

EFRAG, the Confederation of Danish Industry (DI) and FSR - Danish Auditors (The Institute of Public Accountants in Denmark) are pleased to invite you to their joint outreach event on the IASB post-convergence Agenda Consultation on 31 October 2011 in Copenhagen (10.00 - 13.00 hrs).

07/10/2011 EFRAG PRC Summary - 28 September

The summary of the EFRAG Planning and Resource Committee meeting held on 28 September 2011 has been published and can be downloaded here.

05/10/2011 Invitation to the EFRAG-DASB Outreach Event on the Future Agenda of the IASB

EFRAG and the Dutch Accounting Standards Board (DASB) are pleased to invite you to their joint outreach event on the IASB post-convergence Agenda Consultation on Wednesday 2 November 2011 in Amsterdam (from 12.30 to 16.00 hrs).

04/10/2011 EFRAG's draft comment letter in response to the 3rd batch of IFRS for SMEs draft Q&As

EFRAG has issued its draft comment letter in response to the third batch of draft Q&As related to the IFRS for SMEs. EFRAG recommends not issuing any of the Q&As. Comments on the letter are invited by 18 November 2011. The draft comment letter can be downloaded here.

30/09/2011 European Outreach Meetings on the IASB Agenda Consultation: Invitation to Constituents

EFRAG, in partnership with European National Standard Setters, will organise outreach events on the IASB Agenda Consultation. The events will be held throughout Europe in October and November. A Brussels event will be organised by EFRAG and the European Commission. The purpose of the events is stimulating debate in Europe and collecting European views.

30/09/2011 EFRAG and DRSC outreach on IASB Agenda Consultation

EFRAG and the German Accounting Standards Board (DRSC) are pleased to invite you to their joint outreach event on IASB post-convergence Agenda Consultation Friday 7 October 2011 at Frankfurt Airport Conference Center. This event is part of a public discussion the German Standards Board is organising on 7 October from 13.00 to 17.00 hrs. The IASB Agenda Consultation discussion is envisaged to start around 14.00hrs.

29/09/2011 EFRAG's draft comment letter on the IASB's ED Investment Entities

EFRAG has issued its draft comment letter on the IASB's ED Investment Entities. The letter can be downloaded here. Comments are invited on the letter by 27 December 2011.

29/09/2011 EFRAG requests comments on the proposed amendment to IAS 28 (IASB Exposure Draft Investment Entities)

EFRAG is interested in receiving the views from its constituents. Comments are requested by 27 December 2011.

28/09/2011 EFRAG CFSS/TEG meeting 12, 13, 14 October 2011

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) and Technical Experts' Group (TEG) meetings on 12, 13 and 14 October 2011.

27/09/2011 EFRAG's Draft Comment Letter on the IFRS Interpretations Committee's tentative agenda decision on IAS 12 Income Tax – rebuttable presumption to determine the manner of recovery

EFRAG has issued its draft comment letter on the Interpretations Committee's tentative rejection decision on IAS 12 Income tax – rebuttable presumption to determine manner of recovery. The letter can be downloaded here.

26/09/2011 EFRAG SB summary - 20 September

The summary of the EFRAG Supervisory Board meeting held on 20 September 2011 has been published and can be downloaded here.

23/09/2011 REMINDER / Call for EFRAG TEG Applicants – ultimate deadline for submissions: 10 October

The present mandate period for seven of the twelve members of EFRAG’s Technical Expert Group (EFRAG TEG) expires on 31 March 2012. EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG is in particular looking for candidates from Central and Eastern Europe and for candidates with a user background. We urge all candidates to submit their candidatures at the very latest by 10 OCTOBER 2011.

20/09/2011 EFRAG TEG conference call 26 September2011

EFRAG announces that it will hold a public conference call on 26 September 2011 from 14h00 - 15h00 CET

16/09/2011 EFRAG Update September 2011

The September 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

15/09/2011 EFRAG invites companies to participate in the field-testing of the new standards on consolidation - IFRS 10 and IFRS 12

EFRAG, in partnership with European National Standard Setters, will conduct field-testing of the new requirements on consolidation IFRS 10 Consolidated Financial Statements and IFRS 12 Disclosure Interests in Other Entities, published by IASB in May 2011. The purpose of the field-testing is to identify potential implementation and application difficulty, and to estimate the effort required to implement and apply the new requirements. The findings of the field-testing will be used by EFRAG in developing its technical and its cost and benefit assessment of the new standards against the EU endorsement criteria.

15/09/2011 EFRAG invites companies to participate in the field-testing of the new standards on joint arrangements - IFRS 11 and IFRS 12

EFRAG, in partnership with European National Standard Setters, will conduct field-testing of the new requirements on joint arrangements IFRS 11 Joint Arrangements and IFRS 12 Disclosure Interests in Other Entities, published by IASB in May 2011. The purpose of the field-testing is to identify potential implementation and application difficulty, and to estimate the effort required to implement and apply the new requirements. The findings of the field-testing will be used by EFRAG in developing its technical and its cost and benefit assessment of the new standards against the EU endorsement criteria.

09/09/2011 EFRAG's draft comment letter on IASB Exposure Draft Mandatory Effective Date of IFRS 9

EFRAG has issued its draft comment letter to the IASB on the Exposure Draft Mandatory Effective Date of IFRS 9. The letter can be downloaded here. Comments on the letter are invited by 17 October 2011.

09/09/2011 EFRAG PRC Meeting 28 September 2011

EFRAG announces that the next meeting of the EFRAG Planning & Resource Committee (EFRAG PRC) will take place on 28 September 2011.

06/09/2011 EFRAG SB Meeting 20 September

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Tuesday 20 September.

25/08/2011 EFRAG invites companies to participate in the field-testing of the forthcoming revised proposals on Revenue Recognition

EFRAG, in partnership with European National Standard Setters and in close coordination with the IASB, will conduct field-testing of the revised IASB proposals on revenue recognition, which are expected to be published by the end of September 2011. The purpose of the field-testing is to identify potential implementation and application concerns, and to estimate the effort required to implement and apply the proposals.

24/08/2011 EFRAG TEG Meeting 7, 8 and 9 September 2011

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 7, 8 and 9 September 2011.

18/08/2011 TEG conference call 2 September2011

EFRAG announces that it will hold a public conference call on 2 September 2011 from 10:00 - 12:00 CET.

11/08/2011 EFRAG's draft comment letter on IASB Agenda Consultation 2011

EFRAG has issued its draft comment letter in response to the IASB Agenda Consultation 2011. The draft comment letter can be downloaded here.

05/08/2011 EFRAG Final Comment Letter on the Report of the Trustees Strategy Review

EFRAG has issued its Final Comment Letter on the Report of the Trustees Strategy Review ( Strategy Review II)

03/08/2011 EFRAG secretariat reports to the European Commission on input received from a selection of companies regarding costs of implementing Country-by-country reporting

EFRAG secretariat has, at the request of DG Internal Market and Services of the European Commission, collected input from a selection of companies regarding the administrative costs associated with possible supplementary disclosures on a country-by-country basis. This input is summarised in the report on findings that has been forwarded to the European Commission.

29/07/2011 EFRAG PRC Meeting 4 August 2011

EFRAG announces that the next meeting of the EFRAG Planning & Resource Committee (EFRAG PRC) will take place on 4 August 2011.

28/07/2011 EFRAG requests comments on its draft endorsement advice and draft effects study report on the amended version of IAS 19 Employee Benefits

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the IAS 19 Employee Benefits (as amended in 2011). Comments are requested by 29 September 2011.

28/07/2011 EFRAG requests comments on its draft endorsement advice and draft effects study report on the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income (the Amendments). It is consulting both on its assessment of the Amendments 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 23 September 2011.

26/07/2011 EFRAG reports on the final part of its outreach on the Financial Statement Presentation project

EFRAG has issued a letter to the IASB on the comments on the Paper Financial Statement Presentation, which complements the feedback on the meeting with European constituents published in February 2011 and completes the overall picture of the European views on the IASB’s tentative decisions in respect of the Financial Statement Presentation project.

20/07/2011 EFRAG's Draft Comment Letter on the IASB's ED/2011/02 Improvements to IFRSs

EFRAG has issued its draft comment letter to the IASB on its Exposure Draft Improvements to IFRSs (“the ED”). The letter can be downloaded here. Comments are invited on the letter by 30 September 2011.

19/07/2011 EFRAG Update July 2011

The July 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

15/07/2011 REMINDER / Call for EFRAG TEG Applicants – ultimate deadline for submissions: 10 October

The present mandate period for seven of the twelve members of EFRAG’s Technical Expert Group (EFRAG TEG) expires on 31 March 2012. EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG is in particular looking for candidates from Central and Eastern Europe and for candidates with a user background. We urge all candidates to submit their candidatures at the very latest by 10 OCTOBER 2011.

13/07/2011 Endorsement Status Report Update

During its meeting on 23 June 2011, the ARC voted in favour of Amendments to IFRS 7 Financial Instruments: Disclosures (issued 7 October 2010). EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

11/07/2011 EFRAG TEG Meeting 13, 14 and 15 July 2011

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 13, 14 and 15 July 2011.

16/06/2011 EFRAG Update June 2011

The June 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

16/06/2011 Share your experience on IFRS 3 Business Combinations and IAS 38 Intangible Assets and contribute to the post- implementation review!

The Australian Accounting Standards Board (AASB) is undertaking on a world-wide basis a survey to gather information for the post-implementation review of IFRS 3 Business Combinations and IAS 38 Intangible Assets in relation to the initial accounting for intangible assets acquired in a business combination.

16/06/2011 IASB and EFRAG meet to discuss completion of work plan and future agenda of the IASB

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) met on 14 June 2011 to review the IASB’s current work programme. EFRAG is the private sector body responsible for stimulating debate in Europe around the evolution of International Financial Reporting Standards (IFRSs) and providing input to the work of the IASB, after appropriate due process, on behalf of Europe.

15/06/2011 EFRAG's comment letter in response to the 2nd batch of IFRS for SMEs draft Q&As

On 15 June 2011 EFRAG issued its comment letter in response to the second batch of draft Q&As to the IFRS for SMEs. The letter can be downloaded here.

13/06/2011 EFRAG publishes an executive summary of the feedback received in the outreach on the Revenue Recognition and Leases projects

EFRAG has issued an executive summary of the views expressed by European constituents during the outreach meetings on the Revenue Recognition and Leases that were organised jointly with the European National Standard Setters in May 2011.

12/06/2011 EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects – meeting in Paris on 24 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG – ANC event on the IASB’s re-deliberations in relation to the Revenue Recognition and Leases projects in Paris on 24 May 2011.

10/06/2011 EFRAG/IASB Joint Meeting 14 June 2011

EFRAG and the IASB will hold a joint meeting on 14 June 2011 in London.

10/06/2011 EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects – meeting in Frankfurt on 9 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG – GASB event on the IASB’s re-deliberations in relation to the Revenue Recognition and Leases projects in Frankfurt on 9 May 2011.

07/06/2011 EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects – meeting in Madrid on 25 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG – ICAC event on the IASB’s re-deliberations in relation to the Revenue Recognition and Leases projects in Madrid on 25 May 2011.

01/06/2011 EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects – meeting in Amsterdam on 10 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG – DASB event on the IASB’s re-deliberations in relation to the Revenue Recognition and Leases projects in Amsterdam on 10 May 2011.

01/06/2011 EFRAG CFSS/TEG meeting 8, 9, 10 June 2011

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) and Technical Experts' Group (TEG) meetings on 8, 9 and 10 June 2011.

31/05/2011 Draft Comment Letter on the IFRS Foundation Report of the Trustees Strategy Review

EFRAG has issued its draft comment letter on the IFRS Foundation report of the Trustees’ Strategy Review for public consultation

27/05/2011 European Event on Considering the Effects of Accounting Standards

On 16 May 2011, EFRAG, the UK Accounting Standards Board (ASB) and the European Commission organised a European Event held in Brussels on Considering the Effects of Accounting Standards. The event was a follow up to the Discussion Paper “Considering the Effects of Accounting Standards” issued jointly by EFRAG and UK ASB in January 2011.

25/05/2011 EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects – meeting in Helsinki on 9 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG – The Finnish Accounting Board – FIN-FSA – The Confederation of Finnish Industries event on the IASB’s re-deliberations in relation to the Revenue Recognition and Leases projects in Helsinki on 9 May 2011.

24/05/2011 EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects – meeting in Rome on 5 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG – OIC event on the IASB’s re-deliberations in relation to the Revenue Recognition and Leases projects in Rome on 5 May 2011.

20/05/2011 Agenda for the EFRAG PRC meeting of 1 June 2011

EFRAG has issued its agenda supporting the meeting of the EFRAG PRC which will be held on 1 June 2011 in the EFRAG offices, 35 Square de Meeûs 1000 Brussels.

19/05/2011 EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects – meeting in Copenhagen on 3 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG – DI- FSR event on the IASB’s re-deliberations in relation to the Revenue Recognition and Leases projects in Copenhagen on 3 May 2011.

19/05/2011 EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects – meeting in London on 10 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG – UK ASB - ICAEW event on the IASB’s re-deliberations in relation to the Revenue Recognition and Leases projects in London on 10 May 2011.

19/05/2011 Invitation to the EFRAG-ANC Outreach event on Revenue Recognition and Leases on 24 May 2011 in Paris

EFRAG and the national standard setter of France (Autorité des Normes Comptables - ANC) are pleased to invite you to their joint outreach event on the IASB’s projects on Revenue Recognition and Leases on Tuesday 24 May 2011 in Paris.

18/05/2011 EFRAG Update May 2011

The May 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

17/05/2011 EFRAG SB Meeting 10 May 2011 - Summary

The summary of the EFRAG Supervisory Board meeting held on 10 May 2011 has been published and can be downloaded here.

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

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

10/05/2011 EFRAG reports on input received in outreach on the IASB’s supplementary document on impairment of financial instruments

EFRAG is issuing a comprehensive feedback statement on the results of its outreach activities carried out on the IASB’s supplementary document on impairment of financial instruments. These activities took place in February and March 2011, in close cooperation with the IASB and FASB technical staff.

04/05/2011 European Event on Considering the Effects of Accounting Standards – Programme

As a follow up to the Discussion Paper Considering the Effects of Accounting Standards, EFRAG and the UK Accounting Standards Board would like to invite you to their special event in Brussels on Monday 16 May from 2.30 pm to 5.00 pm. The event will be hosted by the European Commission at their offices.

29/04/2011 EFRAG helps you make a preliminary assessment whether your concerns on Leases and Revenue Recognition have been resolved

EFRAG has prepared summaries of IASB re-deliberations to date on the Revenue Recognition and Leases projects, highlighting the changes made from the Exposure Drafts and the concerns the changes are intended to resolve.

29/04/2011 EFRAG's Comment Letter on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities

EFRAG has issued its comment letter on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities. The letter can be downloaded here.

28/04/2011 TEG conference call 29 April 2011

EFRAG announces that it will hold a public conference call on 29 April 2011 from 10h00 - 12h00 CET

10/05/2011 EFRAG SB Meeting 10 May

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Tuesday 10 May.

28/04/2011 Invitation to the EFRAG-ICAC Outreach event on Revenue Recognition and Leases on 25 May 2011 in Madrid

EFRAG and the Instituto de Contabilidad y Auditoria de Cuentas (ICAC) are pleased to invite you to their joint outreach event on the IASB’s projects on Revenue Recognition and Leases on Wednesday 25 May 2011 in Madrid (from 10.30 to 14.30 hrs).

26/04/2011 EFRAG TEG meeting 12 and 13 May 2011

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 12 and 13 May 2011.

22/04/2011 European Event on Considering the Effects of Accounting Standards

As a follow up to the Discussion Paper Considering the Effects of Accounting Standards, EFRAG and the UK Accounting Standards Board would like to invite you to an event in Brussels on Monday 16 May from 2.30 pm to 5.00 pm. The event will be hosted by the European Commission at their offices.

22/04/2011 EFRAG welcomes extension of the convergence deadline

Following the publication of the convergence report by the IASB and FASB yesterday, and the interview between Sir David Tweedie, IASB Chairman, and Leslie Seidman, FASB Chairman, released last week on the IFRS Foundation website, EFRAG highly welcomes the agreement reached on the extension of the convergence deadline to the end of 2011 and the supplementary consultation steps that both Boards have decided to undertake to ensure that the final standards can result in improved financial reporting.

18/04/2011 EFRAG's draft comment letter in response to the 2nd batch of IFRS for SMEs draft Q&As

EFRAG has issued its draft comment letter in response to the second batch of draft Q&As to the IFRS for SMEs. Comments on the letter are invited by 5 June 2011. The letter can be downloaded here.

15/04/2011 Invitation to the EFRAG-UK ASB-ICAEW FRF Outreach event on Revenue Recognition and Leases on 10 May 2011 in London

EFRAG, the UK Accounting Standards Board and the ICAEW Financial Reporting Faculty are pleased to invite you to their joint outreach event on the IASB’s projects on Revenue Recognition and Leases on Tuesday 10 May 2011 in London (from 13.30 to 17.00 hrs).

13/04/2011 EFRAG's Final Comment Letter on the IASB's Supplementary Document Financial Instruments: Impairment

On 8 April 2011 EFRAG issued its final comment letter to the IASB in response to the Supplementary Document Financial Instruments: Impairment (the SD), issued on 31 January 2011. The letter can be downloaded here.

12/04/2011 EFRAG Update April 2011

The April 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

07/04/2011 Invitation to the EFRAG-OIC Outreach event on Revenue Recognition and Leases on 05 May 2011 in Rome

EFRAG and the Organismo Italiano di Contabilità (OIC) are pleased to invite you to their joint outreach event on the IASB’s projects on Revenue Recognition and Leases on Thursday 05 May 2011 in Rome (from 10.30 to 16.30 hrs).

06/04/2011 EFRAG, The Confederation of Danish industry and The FSR – together with the organisations behind the Danish national contribution to EFRAG - invite constituents to their outreach event on the IASB’s projects on Revenue Recognition and Leases

EFRAG, The Confederation of Danish industry and The Institute of State Authorized Public Accountants (FSR) – together with the organisations behind the Danish national contribution to EFRAG - are pleased to invite you to their joint outreach event on the IASB’s projects on Revenue Recognition and Leases on Tuesday 03 May 2011 in Copenhagen (from 12.30 to 16.30 hrs).

06/04/2011 Invitation to the EFRAG – KILA Outreach event on Revenue Recognition and Leases on 9 May 2011 in Helsinki

EFRAG and the Finnish Accounting Board (KILA), in co-operation with the Financial Supervisory Authority (FIN-FSA) and the Confederation of Finnish Industries (EK), would like to invite you to participate in an outreach event, the purpose of which is to gather useful input to help the IASB in the finalisation of the standards on Revenue Recognition and Leases and to ensure that the final standards are suitable for use in Europe. The event will be attended by IASB representatives.

06/04/2011 EFRAG and the German Accounting Standards Board invite constituents to their outreach event on IASB’s projects on Revenue Recognition, Leases, Insurance Contracts and Financial Instruments

EFRAG and the German Accounting Standards Board (DRSC) are pleased to invite you to their joint outreach event on the IASB’s projects on Revenue Recognition, Leases, Insurance Contracts and Financial Instruments on Monday 9 May 2011 in Frankfurt (from 10.00 to 17.00 hrs).

04/04/2011 EFRAG and Dutch Accounting Standards Board invite constituents to the outreach event on IASB’s projects on Revenue Recognition and Leases

EFRAG and the Dutch Accounting Standards Board (DASB) are pleased to invite you to their joint outreach event on the IASB’s projects on Revenue Recognition and Leases on Tuesday 10 May 2011 in Amsterdam (from 12.00 to 16.00 hrs).

04/04/2011 EFRAG's comment letter in response to IFRS for SMEs Draft Q&A - Use of the IFRS for SMEs in parent's separate financial statements

EFRAG has issued its comment letter on the IFRS for SMEs Draft Q&A - Use of the IFRS for SMEs in parent's separate financial statements. The letter can be downloaded here.

22/03/2011 EFRAG-IASB Joint Meeting March 2011 - Summary of main messages

Led by Sir David Tweedie, chairman of the IASB, and Françoise Flores, chair of the EFRAG, the meeting focused on the remaining three Memorandum of Understanding projects on financial instruments, leases and revenue recognition, as well as the project on insurance contracts. The EFRAG’s recommendations on these four projects were discussed. The two bodies agreed on the need for the IASB to deliver high quality standards and a commitment to a due process that reflects input from all stakeholders.

17/03/2011 EFRAG Update March 2011

The March 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

16/03/2011 Summary of the EFRAG PRC meeting held on 2 March 2011

EFRAG has released the summary of the EFRAG PRC meeting held on 2 March in the EFRAG offices.

16/03/2011 Agenda for the IASB/EFRAG Joint Meeting announced

EFRAG and the IASB will hold a joint meeting on 18 March 2011 in London. The agenda for this meeting can be found here.

16/03/2011 EFRAG endorsement advice and effects study report on the amendments to IFRS 7 Financial Instruments: Disclosures –Transfers of Financial Assets

EFRAG has completed its due process regarding the amendments to IFRS 7 Financial Instruments: Disclosures –Transfers of Financial Assets (the Amendments) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

14/03/2011 EFRAG-IASB Financial Instruments Discussion Forum – feedback report on the meeting with European constituents

EFRAG has issued a feedback report summarising the views expressed by European constituents during the discussion forum on Financial Instruments that was held in Brussels on 28 February 2011.

14/03/2011 EFRAG's Final Comment Letter on the IASB's Exposure Draft Hedge Accounting

EFRAG finalised its final comment letter to the IASB in response the Exposure Draft Hedge Accounting (the ED), issued in December 2010. The ED proposes significant changes to hedge accounting for hedges of individual and closed groups of items. Proposals for hedges of open portfolios (also known as macro hedging) are expected later this year. The letter can be downloaded here.

11/03/2011 Final Comment Letter on the Trustees Strategy Review

EFRAG has issued its final comment letter on the IFRS Foundation paper for public consultation on the status of the Trustees Strategy Review.

07/03/2011 EFRAG urges IASB and FASB to agree on a joint timetable for financial instruments

In a letter dated 4 March 2011, EFRAG recommends that the IASB and the FASB agree on a joint timetable to finalise a converged accounting standard for financial instruments.

03/03/2011 EFRAG CFSS/TEG meeting 9, 10, 11 March 2011

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) and Technical Experts' Group (TEG) meeting on 9, 10 and 11 March 2011.

03/03/2011 EFRAG SB Meeting 7 February 2011 - Summary

The summary of the EFRAG Supervisory Board meeting held on 7 February 2011 has been published and can be downloaded here.

02/03/2011 EFRAG's preliminary position on the IASB's Supplementary Document Financial Instruments: Impairment

EFRAG releases a summary presentation of its preliminary position on the IASB's Supplementary Document Financial Instruments: Impairment

28/02/2011 EFRAG's draft comment letter on the IASB's Supplementary Document Financial Instruments: Impairment

EFRAG's draft comment letter on the IASB's Supplementary Document Financial Instruments: Impairment. The letter can be downloaded here. Comments are invited on the letter by 28 March 2011.

24/02/2011 EFRAG's Final Comment Letter on the review of the operational efficiency of the IFRS Interpretations Committee

EFRAG has issued its final comment letter on the request from the IFRS Foundation for comments on the operational efficiency of the IFRS Interpretations Committee. The letter can be downloaded here

24/02/2011 EFRAG's draft comment letter in response to IFRS for SMEs Draft Q&A - Use of the IFRS for SMEs in parent's separate financial statements

EFRAG has issued its draft comment letter on the IFRS for SMEs Draft Q&A - Use of the IFRS for SMEs in parent's separate financial statements. Comments on the letter are invited by 14 March 2011. The letter can be downloaded here.

23/02/2011 EFRAG TEG conference call 24 February 2011

EFRAG announces that it will hold a public conference call on 24 February 2011 from 10h00 - 12h00 CET

23/02/2011 Supplement to EFRAG's Draft Comment Letter on the IASB Exposure Draft Hedge Accounting

EFRAG has issued a supplement to its draft comment letter on the IASB Exposure Draft Hedge Accounting. Comments on the letter are invited by 2 March 2011.

23/02/2011 Agenda for the EFRAG PRC meeting of 2 March 2011

EFRAG has issued its agenda supporting the meeting of the EFRAG PRC which will be held on 2 March 2011 in the EFRAG offices, 35 Square de Meeûs 1000 Brussels.

22/02/2011 Endorsement Status Report Update

In the light of the endorsement by the European Commission of Improvements to IFRSs (Issued by IASB in May 2010), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

17/02/2011 EFRAG's preliminary position on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities

EFRAG releases a summary presentation of its preliminary position on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities

16/02/2011 EFRAG's Draft Comment Letter on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities

EFRAG has issued its draft comment letter on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities. The letter can be downloaded here. Comments are invited on the letter by 18 April 2011.

16/02/2011 EFRAG website unavailable due to maintenance on Monday 21 February

Dear EFRAG web visitors, Our website is undergoing a major maintenance operation on Monday 21 February and will be out of access for the day. It should be up and running again as of Tuesday 22 February. We apologise for any inconvenience this might cause. With best regards, The EFRAG Secretariat

16/02/2011 EFRAG Update February 2011

The February 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

15/02/2011 EFRAG Outreach on Financial Statement Presentation – feedback report on meetings with European constituents

EFRAG has issued a feedback report summarising the views expressed by European constituents during the outreach meetings on Financial Statement Presentation that were organised jointly with the European National Standard Setters in between September and December 2010.

11/02/2011 New EFRAG TEG composition as of April 2011

The EFRAG Supervisory Board appoints Friedrich Siener from Daimler AG as new EFRAG TEG member, and reappoints Gabi Ebbers, Araceli Mora, Anna Sirocka and Andy Simmonds.

02/02/2011 Invitation to the Brussels EFRAG-IASB Financial Instruments discussion forum on 28 February 2011

EFRAG is hosting an IASB discussion forum to provide European stakeholders with the opportunity to ask questions, raise possible concerns and provide comments about the IASB’s proposals on hedge accounting, impairment of financial assets and offsetting of financial assets and liabilities, in an open dialogue with an IASB delegation of Board members and staff. Input received will best inform the IASB of those of their proposals which are supported and those which need to be reconsidered, and also be useful to EFRAG’s own due process.

31/01/2011 EFRAG TEG meeting 8, 10, 11 February 2011

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 8, 10 and 11 February 2011.

31/01/2011 EFRAG SB Meeting 7 February

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Monday 7 February.

31/01/2011 EFRAG and the UK ASB issue a discussion paper: 'Considering the effects of accounting standards'

The European Financial Reporting Advisory Group (EFRAG) and the Accounting Standards Board (UK ASB) of the FRC have published today a Discussion Paper, ‘Considering the Effects of Accounting Standards’. The Discussion Paper results from a project developed by EFRAG and the UK ASB jointly, as part of EFRAG’s proactive agenda.

31/01/2011 EFRAG Final Comment Letter on IASB Request for Views on Effective Dates and Transition Methods

EFRAG has issued its final comment letter on the IASB Request for Views on Effective Dates and Transition Methods. The letter can be downloaded here.

24/01/2011 TEG conference call 28 January 2011

EFRAG announces that it will hold a public conference call on 28 January 2011 from 10h00 - 12h00 CET

20/01/2011 EFRAG's preliminary position on the IASB Exposure Draft Hedge Accounting

EFRAG releases a summary presentation of its preliminary position on the ED Hedge Accounting

19/01/2011 EFRAG Update January 2011

The January 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

18/01/2011 EFRAG's Draft Comment Letter on the IASB Exposure Draft Hedge Accounting

EFRAG has issued its draft comment letter on the IASB Exposure Draft Hedge Accounting. The letter can be downloaded here. Comments are invited on the letter by 2 March 2011.

07/01/2011 EFRAG TEG meeting 12, 13, 14 January 2011

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 12, 13 and 14 January 2011.

21/12/2010 Draft Comment Letter on the Status of the Trustees “Strategy Review”

The EFRAG Supervisory Board has issued its draft comment letter on the paper for public consultation from the IFRS Foundation. The public consultation paper addresses the status of the Trustees Strategy Review. The letter can be downloaded here.

20/12/2010 EFRAG saddened by the death of Tommaso Padoa-Schioppa

EFRAG has been saddened by the news of the passing away of the Chairman of the IFRS Foundation Tommaso Padoa-Schioppa. This is a great loss for the IFRS Foundation. Our deepest sympathy goes out to his family.

17/12/2010 EFRAG's views on ED Leases

EFRAG's releases summary of its final comment letter on Leases

17/12/2010 Draft Comment Letter on the review of the operational efficiency of the IFRS Interpretations Committee

The EFRAG Supervisory Board has issued its draft comment letter on the request from the IFRS Foundation for comments on the operational efficiency of the IFRS Interpretations Committee . The letter can be downloaded here.

17/12/2010 EFRAG Update December 2010

The December 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

16/12/2010 EFRAGs Final Comment Letter on the IASBs Exposure Draft on Leases

EFRAG has issued its comment letter on the IASB's Exposure Draft on Leases. The letter can be downloaded here.

15/12/2010 EFRAG calls for candidates for an Advisory Panel on the proactive project on the Role of the Business Model in Financial Reporting

A new proactive project on the Role of the Business Model in Financial Reporting has commenced and a pan-European Advisory Panel is being established to provide expert advice. EFRAG is launching a public call for nominations to the Advisory Panel. If you are interested, please write to us at info@efrag.org by 28 January 2011.

15/12/2010 New! Get a quick understanding of EFRAG's views!

EFRAG introduces user-friendly summaries of its draft and final comment letters.

14/12/2010 EFRAGs Final Comment Letter on the IASBs ED Insurance Contracts

EFRAG has issued its comment letter on the IASB's ED Insurance Contracts.

14/12/2010 EFRAG SB Meeting 3 December 2010 - Summary

The summary of the EFRAG Supervisory Board meeting held on 3 December 2010 has been published and can be downloaded here.

09/12/2010 EFRAG requests comments on its draft endorsement advice and draft effects study report on the amendments to IFRS 7 Financial Instruments: Disclosures –Transfers of Financial Assets

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the amendments to IFRS 7 Financial Instruments: Disclosures –Transfers of Financial Assets (the Amendments). It is consulting both on its assessment of the Amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 21 January 2011.

06/12/2010 Final Comment Letter on the IFRS Foundation Consultation Document on Criteria for Annual Improvements to IFRSs

The EFRAG Supervisory Board has issued its final comment letter on the IFRS Foundation Consultation Document on Criteria for Annual Improvements to IFRSs, Proposed Amendments to the Due Process Handbook for the IASB.

03/12/2010 EFRAG's Comment Letter on the IFRS Interpretations Committee’s Draft IFRIC Interpretation Stripping Cost in the Production Phase of a Surface Mine

EFRAG has issued its comment letter on the IFRS Interpretations Committee’s Draft IFRIC Interpretation Stripping Cost in the Production Phase of a Surface Mine. The letter can be downloaded here.

03/12/2010 EFRAG Final Comment Letter on IASB ED Severe Hyperinflation (Proposed amendment to IFRS 1)

EFRAG has issued its final comment letter on the IASB's ED 2010/12 Severe Hyperinflation (Proposed amendment to IFRS 1). The letter can be downloaded here.

01/12/2010 EFRAG issues its feedback statement on its proactive consultation

EFRAG issued its Feedback Statement on the public consultation on its Proactive work. The Feedback Statement provides a summary of the comments received, along with EFRAG’s responses and proposed actions.

26/11/2010 TEG conference call 2 December 2010

EFRAG announces that it will hold a public conference call on 2 December 2010 from 14h00 - 15h40 CET

26/11/2010 EFRAG TEG meeting 8, 9, 10 December 2010

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 8, 9 and 10 December 2010.

26/11/2010 CFSS Meeting 7 December 2010

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) on 7 December, 2010.

23/11/2010 EFRAG SB Meeting 3 December

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Friday 3 December.

22/11/2010 EFRAG Draft Comment Letter on IASB Request for Views on Effective Dates and Transition Methods

EFRAG has issued its draft comment letter on the IASB Request for Views on Effective Dates and Transition Methods. The letter can be downloaded here. Comments are invited on the letter by 21 January 2011.

17/11/2010 EFRAG Update November 2010

The November 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

16/11/2010 EFRAG extends comment period on Financial Statement Presentation

EFRAG has extended the comment period on its paper on the IASB's staff draft of the ED Financial Statement Presentation until 30 April 2011.

15/11/2010 EFRAG and the ASB invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

EFRAG and the ASB are pleased to invite you to their joint outreach event on the IASB's Financial Statement Presentation project on Wednesday 1 December in London (14h.30 to 17h.00)

15/11/2010 EFRAG-IASB Joint Meeting November 2010 - Summary of main messages

The summary of the EFRAG-IASB Joint meeting, which was held in London last week, can be downloaded here. The meeting was a friendly and constructive dialogue between EFRAG and the IASB.

15/11/2010 EFRAG and the ANC invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

EFRAG and the ANC are pleased to invite you to their joint outreach event on the IASB's Financial Statement Presentation project on Thursday 2 December in Paris (14h.00 to 17h.00)

15/11/2010 TEG conference call 17 November 2010

EFRAG announces that it will hold a public conference call on 17 November 2010 from 11h00 - 12h00 CET

10/11/2010 EFRAG PRC Conference Call on Wednesday 17th November

The EFRAG PRC will finalise in a conference call the feedback statement resulting from the public consultation on EFRAG's proactive work.

09/11/2010 EFRAG's Comment Letter on the IASB's ED Deferred Tax: Recovery of Underlying Assets

EFRAG has issued its comment letter on the IASB Exposure Draft on Deferred Tax: Recovery of Underlying Assets. The letter can be downloaded here

05/11/2010 EFRAGs Letter on the IASB staff draft of the forthcoming IFRS Fair Value Measurement

EFRAG today submitted a letter to the IASB in relation to the staff draft of the forthcoming IFRS on Fair Value Measurement. The letter can be downloaded here.

04/11/2010 Agenda for the IASB/EFRAG Joint Meeting announced

EFRAG and the IASB will hold a joint meeting on 12 November 2010 in London. The agenda for this meeting can be found here.

02/11/2010 EFRAG's Comment Letter on the IFRS Interpretations Committee's tentative agenda decision on IAS 36 Impairment of Assets - Calculation of Value in Use

EFRAG has issued its comment letter on the Interpretations Committee's tentative rejection decision on IAS 36 Impairment of Assets - Calculation of Value in Use. The letter can be downloaded here.

29/10/2010 EFRAG Final Comment Letter on IASB ED Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1)

EFRAG has issued its Final Comment Letter on the IASB's ED 2010/10 Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1). The letter can be downloaded here.

28/10/2010 Summary of the EFRAG PRC meeting held on 19 October 2010

EFRAG has released the summary of the EFRAG PRC meeting held on 19 October in the EFRAG offices.

26/10/2010 TEG conference call 29 October 2010

EFRAG announces that it will hold a public conference call on 29 October 2010 from 10h00 - 11h00 CET

22/10/2010 EFRAG Draft Comment Letter on IASB ED Severe Hyperinflation (Proposed amendment to IFRS 1)

EFRAG has issued its draft comment letter on the IASB's ED 2010/12 Severe Hyperinflation (Proposed amendment to IFRS 1). The letter can be downloaded here. Comments are invited on the draft comment letter by 22 November 2010.

22/10/2010 EFRAG's comment letter on the IASB's ED Revenue from Contracts with Customers

EFRAG has issued its comment letter in response to the IASB's ED Revenue from Contracts with Customers. The letter can be downloaded here.

19/10/2010 EFRAG TEG meeting 8, 9, 10 November 2010

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 8, 9 and 10 November 2010.

19/10/2010 TEG conference call 19 October 2010

EFRAG announces that it will hold a public conference call on 19 October 2010 from 10h00 - 12h00 CET

15/10/2010 EFRAG Update October 2010

The October 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

15/10/2010 EFRAG welcomes the new IASB Leadership

EFRAG welcomes the decision of the IFRS Foundation to appoint Hans Hoogervorst as Chairman of the IASB, succeeding Sir David Tweedie, and the appointment of Ian Mackintosh as Vice-chairman of the IASB.

13/10/2010 EFRAG's DCL on the Interpretations Committee's rejection decision on IAS 36 Impairment of Assets - Calculation of Value in Use

EFRAG has issued its draft comment letter on the Interpretations Committee's tentative rejection decision on IAS 36 Impairment of Assets - Calculation of Value in Use. The letter can be downloaded here. EFRAG invites comments by 27 October 2010.

13/10/2010 Endorsement Status Report Update

During its meeting of 30 September 2010 the ARC voted in favour of endorsement of Improvements to IFRSs (Issued by IASB in May 2010). EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

13/10/2010 EFRAG and the Swedish Financial Reporting Board invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

EFRAG and the Swedish Financial Reporting Board are pleased to invite you to their joint outreach event on the IASB’s Financial Statement Presentation project on Monday 22 November in Stockholm (13h.00 to 17h.00).

13/10/2010 EFRAG's Comment Letter on the IFRS Interpretations Committee tentative agenda decision in relation to Put Options written over Non-Controlling Interests

EFRAG issued its comment letter on the IFRS Interpretations Committee tentative agenda decision in relation to Put Options written over Non-Controlling Interests. The letter can be downloaded here.

07/10/2010 EFRAG's Draft Comment Letter on the IASB's ED Deferred Tax: Recovery of Underlying Assets

EFRAG has issued its draft comment letter on the IASB Exposure Draft on Deferred Tax: Recovery of Underlying Assets. The letter can be downloaded here. Comments are invited on the letter by 6 November 2010

06/10/2010 Changes in the agenda for the TEG Meeting on 7 October

EFRAG announces that it has changed the Agenda for the Technical Experts Group (TEG) Meeting on 7 October 2010.

06/10/2010 Your opportunity to help in shaping the proposals in the incoming ED Financial Statement Presentation

EFRAG has issued a paper on the IASB's staff draft of the ED Financial Statement Presentation. Your input on the issues included in the paper is invited by 1 December 2010. This is your opportunity as a European constituent to influence the development of the IASB project. The paper can be downloaded here.

05/10/2010 EFRAG and the Accounting Standards Board of Germany invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

EFRAG and the Accounting Standards Board of Germany (ASCG) are pleased to invite you to their joint outreach event on the IASB’s Financial Statement Presentation project on Tuesday 30 November in Frankfurt/Main (09h30 to 13h00).

01/10/2010 Draft Comment Letter on the IFRS Foundation Consultation Document on Criteria for Annual Improvements to IFRSs

The EFRAG Supervisory Board has issued its draft comment letter on the IFRS Foundation Consultation Document on Criteria for Annual Improvements to IFRSs, Proposed Amendments to the Due Process Handbook for the IASB. The letter can be downloaded here. Comments are invited by 15 November 2010.

30/09/2010 EFRAG-IASB Joint Meeting August 2010 - Summary of main messages

The summary of the EFRAG-IASB public Joint meeting, which was held in London last August, can be downloaded here. The meeting was a friendly and constructive dialogue between EFRAG and the IASB.

30/09/2010 EFRAG-ICAC FSP outreach on 24 November in Madrid - Invitation

EFRAG and the Spanish Accounting Standards Board (ICAC) are pleased to invite you to their joint outreach event on the IASB’s Financial Statement Presentation and Leases projects on Wednesday 24 November in Madrid (starting at 10h30).

30/09/2010 EFRAG-OIC FSP Outreach in Rome on 26 November

EFRAG and Organismo Italiano di Contabilità (OIC) are pleased to invite you to their joint outreach event on the IASB’s Financial Statement Presentation project on Friday 26 November in Rome (starting at 14h00).

29/09/2010 EFRAG and the Polish Accounting Standards Committee invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

EFRAG and the Polish Accounting Standards Committee (KSR), in co-operation with the Accountants Association in Poland and the National Chamber of Statutory Auditors, are pleased to invite you to their joint outreach event on the IASB’s Financial Statement Presentation project on Friday 26 November in Warsaw (10.30 to 15.30 hrs).

28/09/2010 EFRAG's comment letter on the FASB ED Accounting for Financial Instruments

EFRAG finalised its comment letter on the FASB’s ED Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities. The comment letter has been submitted to the FASB and the IASB. The letter can be downloaded here.

28/09/2010 EFRAG announces October TEG meeting

EFRAG announces that the next meeting of its Technical Experts Group (TEG) will be held on 6 and 7 October 2010.

27/09/2010 CFSS Meeting 5 October 2010

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) on 5 October, 2010.

24/09/2010 Invitation EFRAG-NRS FSP Outreach 19 November 2010 in Oslo

EFRAG and the Norwegian Accounting Standards Board (NRS) are pleased to invite you to their joint outreach event on the IASB’s Financial Statement Presentation project on Friday 19 November in Oslo (starting at 12.00 hrs).

24/09/2010 EFRAG's Draft Comment Letter on Exposure Draft on Leases

EFRAG has issued its draft comment letter on the IASB Exposure Draft on Leases. The letter can be downloaded here. Comments are invited on the letter by 26 November 2010.

23/09/2010 EFRAG's comment letter on the IASB’s ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1)

EFRAG finalised its comment letter in response to the IASB's ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1) and submitted it to the IASB. The letter can be downloaded here.

23/09/2010 EFRAG public consultation on its Proactive Work: closing date for input of 30 September approaches

We would like to remind our constituents that the deadline for submitting your input on the proactive programme is approaching.

22/09/2010 EFRAG's Draft Comment Letter on the IFRS Interpretations Committee’s Draft IFRIC Interpretation Stripping Cost in the Production Phase of a Surface Mine

EFRAG has issued its draft comment letter on the IFRS Interpretations Committee’s Draft IFRIC Interpretation Stripping Cost in the Production Phase of a Surface Mine. The letter can be downloaded here. Comments are invited on the letter by 19 November 2010.

22/09/2010 Agenda for the EFRAG PRC meeting of 19 October 2010

EFRAG has issued its agenda supporting the meeting of the EFRAG PRC which will be held on 19 October 2010 in the EFRAG offices, 35 Square de Meeûs 1000 Brussels.

22/09/2010 EFRAG draft comment letter on IASB ED Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1)

EFRAG has issued its draft comment letter on the IASB's ED 2010/10 Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1). The letter can be downloaded here. Comments are invited on the draft letter by 21 October 2010.

21/09/2010 EFRAG's Draft Comment Letter on the IFRS Intepretations Committee tentative agenda decision in relation to Put Options written over Non-Controlling Interests

EFRAG issued its draft comment letter on the IFRS Intepretations Committee tentative agenda decision in relation to Put Options written over Non-Controlling Interests. The letter can be downloaded here.

20/09/2010 EFRAG and the Finnish Accounting Board invite Constituents to an outreach meeting on the IASB’s Financial Statement Presentation project

EFRAG and the Finnish Accounting Board (KILA) in co-operation with the Financial Supervisory Authority (FIN-FSA) and the Confederation of Finnish Industries (EK) are pleased to invite you to their joint outreach event on the IASB’s Financial Statement Presentation project on Monday 15 November in Helsinki (starting at 14.00 hrs).

17/09/2010 EFRAG's Draft Comment Letter on the IASB's Exposure Draft Insurance Contracts

EFRAG has issued its draft comment letter on the IASB's ED Insurance Contracts. The letter can be downloaded here. Comments are invited on the letter by 22 November 2010.

17/09/2010 EFRAG SB Meeting 14 September - Summary

The summary of the EFRAG Supervisory Board meeting held on 14 September 2010 has been published and can be downloaded here.

16/09/2010 EFRAG's Comment Letter on the IASB ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure)

EFRAG finalised its comment letter on the Exposure Measurement Uncertainty Analysis Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure) and submitted it to the IASB. The letter can be downloaded here.

15/09/2010 EFRAG Update September 2010

The September 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

15/09/2010 EFRAG's final comment letter on the IASB's ED Defined Benefit Plans: Proposed amendments to IAS 19

EFRAG has issued its final comment letter on the IASB's ED Defined Benefit Plans: Proposed amendments to IAS 19. The letter can be downloaded here

08/09/2010 EFRAG SB Meeting 14 September

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Tuesday 14 September.

06/09/2010 EFRAG Technical Expert Group (TEG) Conference Call on 20 September 2010

EFRAG will hold a conference call on 20th of September from 16:00 to 18:00 CET Brussels' time

06/09/2010 EFRAG announces an extra TEG Meeting on September 22nd 2010

EFRAG announces an extra meeting of its Technical Experts Group (TEG) which will be held on 22nd September 2010.

20/08/2010 EFRAG announces September TEG meeting

EFRAG announces that the next meeting of its Technical Experts Group (TEG) will be held on 8, 9 and 10 September 2010.

05/08/2010 Agenda - User Outreach Event - 15 September 2010

As part of its ongoing contributions to the IASB’s due process, EFRAG invites analysts, investors and regulators to an outreach meeting on Wednesday 15 September 2010. EFRAG is keen to understand the perspective of users on the changes proposed recently in accounting for financial instruments, as we believe that the needs of users should be paramount in enhancing the quality of financial reporting.

05/08/2010 Complete Agenda - EFRAG/IASB Outreach Event - 28 September 2010

EFRAG has offered to host one of the IASB outreach events in order to assist European stakeholders to better understand the IASB’s proposals and have the opportunity to ask questions and provide comments to an IASB delegation of Board members and staff. This represents an important opportunity for European constituents to influence IFRS being developed by the IASB.

02/08/2010 Call for Applicants - TEG Members - Rotation 2011

The present mandate period for five of the twelve members of EFRAG’s Technical Expert Group (TEG) expires on 31 March 2011.

28/07/2010 EFRAG's Draft Comment Letter on the FASB ED Accounting for Financial Instruments

EFRAG has issued its draft comment letter on the FASB ED Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities. Comments are invited by 13 September 2010

27/07/2010 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 22 September 2010.

26/07/2010 Endorsement Status Report Update

In the light of the endorsement by the European Commission of IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments (Issued by the IASB on 26 November 2009), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

23/07/2010 EFRAG's Final Endorsement Advice and Effects Study Report on Improvements to IFRSs (Issued May 2010)

EFRAG has completed its due process regarding the Improvements to IFRSs (as issued by the IASB in May 2010) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

23/07/2010 Endorsement Status Report Update

In the light of EFRAG's endorsement advice letter on the Improvements to IFRS (as issued by the IASB in May 2010), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

22/07/2010 EFRAG Update July 2010

The July 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

22/07/2010 TEG conference call 23 July 2010

EFRAG announces that it will hold a public conference call on 23 July 2010 from 09h00 - 11h00 CET

20/07/2010 Endorsement Status Report Update

In the light of the endorsement by the European Commission of the Revised IAS 24 Related Party Disclosures (as issued by the IASB on 4 November 2009) and the Amendment to IFRIC 14 Prepayments of a Minimum Funding Requirement (as issued by the IASB on 26 November 2009), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

16/07/2010 EFRAG's Comment Letter on the IASB ED Fair Value Option for Financial Liabilities

EFRAG finalised its comment letter on the Exposure Draft Fair Value Option for Financial Liabilities and submitted it to the IASB. The letter can be downloaded here.

16/07/2010 EFRAG's Comment Letter on the IASB DP Extractive Activities

EFRAG finalised its comment letter on the Discussion Paper Extractive Activities and submitted it to the IASB. The letter can be downloaded here.

15/07/2010 EFRAG's Comment Letter on the IASB ED Conceptual Framework for Financial Reporting: The Reporting Entity

EFRAG today has issued its comment letter on the IASB's ED Conceptual Framework for Financial Reporting: The Reporting Entity. The letter can be downloaded here

09/07/2010 EFRAGs Draft Comment Letter on the IASBs ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements

EFRAG has issued its draft comment letter on the IASB's ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements. The letter can be downloaded here. Comments are invited on the letter by 27 August 2010.

01/07/2010 Endorsement Status Report Update

In the light of the endorsement by the European Commission of the Amendments to IFRS 1: Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (issued by the IASB on 28 January 2010), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

29/06/2010 EFRAG's Comment Letter on the IASB ED Financial Instruments: Amortised Cost and Impairment

EFRAG finalised its comment letter on the Exposure Draft Financial Instruments: Amortised Cost and Impairment and submitted it to the IASB. The letter can be downloaded here.

28/06/2010 EFRAG announces TEG conference calls for 2011

EFRAG announces the TEG conference calls for 2011.

28/06/2010 EFRAG Technical Expert Group (TEG) Conference Call on 28 June 2010

EFRAG will hold a conference call on 28th of June from 16:00 to 16:15 CET Brussels' time

25/06/2010 Endorsement Status Report Update

In the light of the endorsement by the European Commission of the Amendment to IFRS 1: Additional Exemptions for First-time Adopters (issued by the IASB on 23 July 2009), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

25/06/2010 EFRAG Technical Expert Group (TEG) Conference Call on 8 July 2010

EFRAG will hold a conference call on 8th July from 15:00 to 17:00 CET Brussels' time

25/06/2010 EFRAG announces July TEG meeting

EFRAG announces that the next meeting of its Technical Experts Group (TEG) will be held on 13, 14, 15 and 16 July.

15/06/2010 EFRAG Update June 2010

The June 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

14/06/2010 Summary of the EFRAG PRC meeting held on 1 June 2010

EFRAG has released the summary of the EFRAG PRC meeting held on 1 June in the EFRAG offices.

14/06/2010 EFRAG Technical Expert Group (TEG) Conference Call on 23 June 2010

EFRAG will hold a conference call on 23rd June from 14.00 to 16.00 CET Brussels' time

11/06/2010 EFRAG's draft comment letter on the IASB's ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1) - end of comment period

EFRAG has extended the comment period on its draft comment letter on the Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1) until 10 September 2010.

09/06/2010 EFRAG's draft comment letter on the IASB's ED Fair Value Option for Financial Liabilities

EFRAG has issued its draft comment letter on the IASB's ED Fair Value Option for Financial Liabilities. The letter can be downloaded here. Comments are invited on the letter by 6 July 2010.

05/06/2010 EFRAG announces June TEG meeting

EFRAG announces that the next meeting of its Technical Experts Group (TEG) will be held on 9, 10 and 11 June.

03/06/2010 EFRAG Annual Review 2009

EFRAG is pleased to announce the publication of its 2009 Annual Review.

03/06/2010 EFRAG Compatibility Analysis: IFRS for SMEs and the EU Accounting Directives

EFRAG has submitted to the European Commission its analysis of the IFRS for SMEs' compatibility with the EU Accounting Directives

02/06/2010 EFRAG's draft comment letter on the IASB's ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1)

EFRAG has issued its draft comment letter on the IASB's ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1). The letter can be downloaded here. Comments are invited on the letter by 2 August 2010.

28/05/2010 Endorsement Status Report Update

In light of EFRAG publishing an invitation to comment on its initial technical assessment of the 2009 improvements to IFRS and on its initial assessment of the costs and benefits that would arise from their application in the EU, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

25/05/2010 EFRAG SB Meeting 19 May - Summary

The summary of the EFRAG SB meeting held on 19 May 2010 has been published and can be downloaded here.

25/05/2010 EFRAG TEG Public Conference Call 1 June 2010

EFRAG will debate in a public conference call on Tuesday 1st June 2010 from 11h00 to 13h00 CET.

01/06/2010 EFRAG Technical Expert Group (TEG) Conference Call 1st June 2010

EFRAG will hold a conference call on 1st June from 11h00-13h00 CET.

21/05/2010 EFRAG's draft comment letter on the IASB's ED Defined Benefit Plans: Proposed amendments to IAS 19

EFRAG has issued its draft comment letter on the IASB's ED Defined Benefit Plans: Proposed amendments to IAS 19. The letter can be downloaded here. Comments are invited on the letter by 25 August 2010.

20/05/2010 EFRAG issues comment letter on IAS 37 replacement proposals

EFRAG today issued its comment letter to ED Measurement of Liabilities in IAS 37

19/05/2010 Agenda for the PRC meeting of 1 June

EFRAG has issued its agenda supporting the meeting of the PRC which will be held on Tuesday 1 June in Brussels.

17/05/2010 EFRAG requests comments on its initial technical assessment of the Improvements to IFRS and on its initial assessment of the costs and benefits that would arise from its application in the EU

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the Improvements to IFRSs (Amendments). It is consulting both on its assessment of the Amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 17 June 2010.

16/05/2010 New Disclosure Framework Advisory Panel appointed

TEG has appointed the members of the Advisory Panel to support the proactive work on Disclosure Framework

17/05/2010 EFRAG TEG Public Conference Call 17 May 2010

EFRAG will debate in a public conference call on Monday 17th May 2010 from 10h00- 12h00 CET.

11/05/2010 EFRAG Update May 2010

The May 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

10/05/2010 CFSS Meeting 8 June 2010

EFRAG announces that it will hold the next Consultative Forum of Standard Setters' meeting (CFSS) on 8 June 2010, at CEA Offices in Brussels.

07/05/2010 Amortised Cost and Impairment – Summary of EFRAG’s Outreach Activities

EFRAG today published a summary of the responses received on its outreach questionnaire published in March 2010.

26/04/2010 TEG meeting 5, 6, 7 May 2010

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 5, 6 and 7 May 2010.

23/04/2010 EFRAGs Draft Comment Letter on the IASBs DP Extractive Activities

EFRAG has issued its draft comment letter on the IASB DP Extractive Activities. The letter can be downloaded here. Comments are invited on the draft letter by 2 July 2010.

16/04/2010 EFRAG and European national standard-setters publish “Performance Reporting – summary of comments in response to the European Discussion Paper”

EFRAG and European national standard-setters publish “Performance Reporting – summary of comments in response to the European Discussion Paper”. The Discussion Paper was issued for public comment in March 2009 as part of the European pro-active work and addressed some fundamental issues about the presentation of financial performance. The summary of comments can be downloaded here.

14/04/2010 Compatibility Analysis IFRS for SMEs and the Council Directives

EFRAG would like to remind its constituents that comments in response to EFRAG’s draft compatibility analysis are to be received by 19 April 2010.

13/04/2010 EFRAG's AMENDED draft comment letter on IASB's ED Measurement of Liabilities in IAS 37

EFRAG has supplemented its draft comment letter on the IAS ED Measurement of Liabilities in IAS 37, subsequent to the posting of the working draft of the new IFRS to replace IAS 37. Comments are invited until 7 May 2010. Constituents that have already submitted their replies are welcomed to comment only on the additions.

13/04/2010 EFRAG's draft comment letter on the IASB's ED Conceptual Framework for Financial Reporting: The Reporting Entity

EFRAG has issued its draft comment letter on the IASB's ED Conceptual Framework for Financial Reporting: The Reporting Entity. The letter can be downloaded here. Comments are invited on the letter by 25 June 2010.

08/04/2010 EFRAG SB Meeting 26 March - Summary

The summary of the EFRAG SB meeting held on 26 March 2010 has been published and can be downloaded here.

30/03/2010 EFRAG Update March 2010

The March 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

25/03/2010 Endorsement Status Report Update

In the light of the endorsement of the Amendments to IFRS 2 and Improvements to IFRSs (issued by the IASB on 16 April 2009) by the European Commission, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

19/03/2010 ED Measurement of Liabilities in IAS 37 - end of comment period

EFRAG has decided to extend the comment period on its draft comment letter on the ED Measurement of Liabilities in IAS 37.

22/03/2010 EFRAG Update February 2010

The February 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

22/03/2010 TEG March meeting - changes in the agenda

EFRAG announces changes in the agenda for the March meeting.

18/03/2010 EFRAG Consultation on Operational Effects - Financial Instruments: Amortised Cost and Impairment

EFRAG today published a questionnaire inviting responses from preparers relating to the practical and implementation issues arising from the IASB’s ED 'Financial Instruments: Amortised Cost and Impairment'. Responses are invited by 15 April 2010.

17/03/2010 Summary of the PRC meeting held on 26 January 2010

EFRAG has released the summary of the PRC meeting held on 26th January in the EFRAG offices.

12/03/2010 EFRAG SB Meeting 26 March

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Friday 26 March.

12/03/2010 EFRAG calls for candidates for an Advisory Panel on the pro-active project on Disclosure Framework

A new pro-active project on Disclosure Framework has started and a pan-European Advisory Panel is being established to provide support. EFRAG is launching a public call for nominations to the Advisory Panel. If you are interested please write to us at info@efrag.org by 12 April 2010.

09/03/2010 Endorsement Status Report Update

During its meeting of 4 March 2010 the ARC voted in favour of endorsement of Revised IAS 24, Amendments to IFRIC 14, IFRIC 19 and Amendment to IFRS 1. EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

09/03/2010 EFRAG's comment letter on IASB ED 'Management Commentary'

EFRAG has issued its comment letter to the IASB on the Exposure Draft 'Management Commentary'.

24/03/2010 EFRAG TEG and CFSS meetings scheduled from 24 to 26 March 2010

EFRAG announces that it will hold the next Technical Experts' Group meeting on 24, 25, 26 March 2010 and the next meeting of the Consultative Forum of Standard Setters on 25th March 2010.

01/03/2010 EFRAG's draft advice on compatibility of the IFRS for SMEs and the EU Accounting Directives

EFRAG has issued its draft advice on compatibility of the IFRS for SMEs and the EU Accounting Directives. Comments are invited on the advice by 19 April 2010.

22/02/2010 EFRAG TEG meeting 24, 25, 26 February 2010

EFRAG announces that it will hold the next Technical Experts' Group meeting on 24, 25, 26 February 2010.

23/02/2010 Future meetings of the PRC

EFRAG is pleased to announce that the next meetings of the PRC will take place on 1 June at 10.30 hrs in Brussels and on 19 October in London.

22/02/2010 EFRAGs Endorsement Advice and Effects Study Report on the Amendment to IFRS 1

EFRAG has completed its due process regarding the Amendment to IFRS 1: Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

22/02/2010 EFRAG's draft comment letter on the IASB's ED Financial Instruments: Amortised Cost and Impairment

EFRAG has issued its draft comment letter on the IASB's ED Financial Instruments: Amortised Cost and Impairment. The letter can be downloaded here. Comments are invited on the letter by 1 June 2010.

22/02/2010 EFRAG's draft comment letter on the IASB's ED Measurement of Liabilities in IAS 37

EFRAG has issued its draft comment letter on the IASB's ED Measurement of Liabilities in IAS 37. The letter can be downloaded here. Comments are invited on the letter by 19 March 2010.

22/02/2010 Endorsement Status Report Update

In the light of EFRAG's endorsement advice on the Amendment to IFRS 1: Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'

19/02/2010 EFRAG TEG Conference Call 19 February 2010

EFRAG Technical Expert Group (TEG) Conference Call - EFRAG’s endorsement advice on the amendment to IFRS 1 - 19 February 2010

18/02/2010 EFRAG Update January 2010

The January 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

16/02/2010 EFRAG TEG Conference calls scheduled for 16 and 18 February 2010

TEG Conference Call of 16 February 2010 to discuss IASB ED: Measurement of Liabilities in IAS 37 TEG Conference Call of 18 February 2010 to discuss IASB ED: Financial Instruments - Amortised Cost and Impairment

15/02/2010 New TEG chair and members appointed by the EFRAG Supervisory Board

The EFRAG Supervisory Board has appointed and will give full support to the new EFRAG Technical Experts’ Group, which will be chaired by Françoise Flores as from 1 April 2010.

04/02/2010 Endorsement Status Report Update

In the light of the EFRAG's endorsement advice letters on IFRIC 14: Prepayments of a Minimum Funding Requirement, IFRIC 19: Extinguishing Financial Liabilities with Equity Instruments and Revised IAS 24: Related Party Disclosures and its draft endorsement advice letter on Amendment to IFRS 1: Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

03/02/2010 EFRAG's Final Endorsement Advice and Effects Study Report on IAS 24, IFRIC 14 and IFRIC 19

EFRAG has completed its due process regarding the revised IAS 24, IFRIC 14 and IFRIC 19 and has submitted its Endorsement Advice Letters and Effects Study Reports to the European Commission.

03/02/2010 Research Paper on the proposed new Definition of an Asset

The European Financial Reporting Advisory Group (EFRAG) and the Autorité des Normes Comptables (ANC) have jointly published on their websites for information purpose a Research Paper prepared by the staff on the proposed new Definition of an Asset tentatively adopted by the IASB and FASB.

29/01/2010 EFRAG requests comments on its draft endorsement advice and draft effects study report on Amendment to IFRS 1: Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of IFRS 1: Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters . It is consulting both on its assessment of the Interpretation against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 18 February 2010.

20/01/2010 Agenda for the PRC Meeting on 26 January

EFRAG has issued its agenda supporting the meeting of the PRC which will be held on 26 January in Brussels.

18/01/2010 TEG public conference call 21 January 2010

EFRAG will debate in a public conference call on Thursday 21 January 2010 at 10h00 CET Brussels' time.

15/01/2010 EFRAG Technical Experts' Group Meeting to be held 27, 28, 29 January 2010

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 27, 28 and 29 January 2010.

07/01/2010 Endorsement Status Report Update

In the light of edorsement of Amendments to IAS 32 by the European Commission , EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

22/12/2009 EFRAGs Comment Letter on the ED Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters

EFRAG has issued its comment letter to the IASB on the Exposure Draft 'Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters'.

22/12/2009 EFRAG Update December 2009

The December 2009 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

22/12/2009 EFRAG TEG Conference Call - 22 December 2009

TEG Conference Call - IASB ED Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters - 22 December 2009

18/12/2009 EFRAG's comment letter on the IASB's ED Rate-regulated Activities

EFRAG has issued its comment letter to the IASB on its ED Rate-regulated Activities.

17/12/2009 Endorsement Status Report Update

In the light of the recent voting at the ARC, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

14/12/2009 EFRAG requests comments on its draft endorsement advice and draft effects study report on IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments. It is consulting both on its assessment of the Interpretation against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 17 January 2010.

14/12/2009 EFRAG requests comments on its draft endorsement advice and draft effects study report on amendments to IFRIC 14 Prepayments of a Minimum Funding Requirement

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of Amendments to IFRIC 14 Prepayments of a Minimum Funding Requirement. It is consulting both on its assessment of the amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 20 January 2010.

09/12/2009 EFRAG and FEE publish ‘Impairment of Financial Assets – The Expected Loss Model'

EFRAG and FEE publish ‘Impairment of Financial Assets – The Expected Loss Model’. The paper has been prepared jointly by FEE and EFRAG. The paper can be downloaded here.

04/12/2009 EFRAG draft comment letter on IASB ED Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (Proposed amendment to IFRS 1)

EFRAG has issued its draft comment letter on the IASB's ED 2009/13 Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters. The letter can be downloaded here. Comments are invited on the draft letter by 21 December 2009.

04/12/2009 EFRAG Update November 2009

The November 2009 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

04/12/2009 EFRAG SB's Final Comment Letter on Part II of the IASCF Review of the Constitution

The EFRAG Supervisory Board has issued its final comment letter on part 2 of the IASCF Review of the Constitution : Proposals for Enhanced Public Accountability. The letter can be downloaded here.

03/12/2009 Endorsement Status Report Update

In the light of edorsement of IFRIC 18, the Amendment to IFRS 7 and the Amendments to IFRIC 9 and IAS 39 by the European Commission , EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

02/12/2009 EFRAG Supervisory Board Summary November 2009

The November 2009 edition of the EFRAG Supervisory Board Summary has been published and can be downloaded here.

01/12/2009 Consultative Forum of Standard Setters (CFSS) Meeting, 9 December 2009

EFRAG announces that it will hold its next Consultative Forum of Standard-Setters (CFSS) meeting on Wednesday, 9 December 2009. The meeting will be followed by the meetings of the EFRAG Technical Expert Group (TEG) on 9, 10 and 11 December 2009.

30/11/2009 EFRAG and European national standard-setters publish 'Financial Reporting of Pensions - Feedback and Rediliberations'

EFRAG and European national standard-setters publish 'Financial Reporting of Pensions - Feedback and Rediliberations'. The project has been led by the UK Accounting Standards Board and forms part of the European pro-active work. The report can be downloaded here.

27/11/2009 Endorsement Status Report Update

In the light of edorsement of the revised IFRS 1 and IFRIC 17 by the European Commission and the publication of IFRIC 19 and the amendments to IFRIC 14 by the IASB, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

26/11/2009 EFRAG TEG Meeting 9, 10, 11 December

EFRAG announces that it will hold the next Technical Experts' Group meeting on 9, 10 and 11 December.

25/11/2009 EFRAG's Comment Letter on the IASB's ED/2009/11 Improvements to IFRSs

EFRAG has issued its comment letter to the IASB on its ED Improvements to IFRSs.

20/11/2009 EFRAG requests comments on its draft endorsement advice and draft effects study report on the amendments to IAS 24 Related Party Disclosures

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the amendments to IAS 24 Related Party Disclosures. It is consulting both on its assessment of the Amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 10 January 2010

16/11/2009 EFRAG SB Meeting 24 November

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Tuesday 24 November.

16/11/2009 EFRAG has issued its draft comment letter to the IASB's ED 2009/6 Management Commentary

EFRAG has issued its draft comment letter on the IASB's ED 2009/6 Management Commentary. The letter can be downloaded here. Comments are invited on the draft letter by 10 February 2010.

12/11/2009 IFRS 9 endorsement advice postponed

It has been decided that more time should be taken to consider the output from the IASB project to improve accounting for financial instruments.

12/11/2009 TEG Meeting on 16 November cancelled

TEG meeting for Monday 16 November has been cancelled as EFRAG is not proceeding, at this stage, with its endorsement advice on IFRS 9.

09/11/2009 Endorsement Status Report Update

In the light of the EFRAG's draft endorsement advice on IFRS 9 Financial Instruments: Classification and Measurement and its endorsement advice letter on the Amendment to IAS 32: Classification of Rights Issues, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

06/11/2009 Update on EFRAG's draft endorsement advice on IFRS 9 Financial Instruments

EFRAG has issued an update to constituents with regard to its draft endorsement advice and draft effects study report on IFRS 9 Financial Instruments (replacement of IAS 39).

06/11/2009 EFRAG's Endorsement Advice on the Amendment to IAS 32: Classification of Rights Issues

EFRAG has submitted to the European Commission its endorsement advice letter regarding the Amendment to IAS 32: Classification of Rights Issues.

04/11/2009 EFRAG TEG Meeting 11, 12, 13 November 2009

EFRAG announces that it will hold its next EFRAG TEG meetings on 11, 12 and 13 November 2009.

03/11/2009 Summary of the PRC meeting held on 19 October

EFRAG has released the summary of the PRC meeting held on 19th October in the FRC's offices in London.

03/11/2009 EFRAG TEG Conference Call - 6 November 2009

TEG Conference Call - IASB's standard Classification of Rights Issues (Amendment to IAS 32) - 6 November 2009

03/11/2009 Interview dates for TEG positions

The EFRAG Nominating Committee is pleased to announce that the interviews of applicants for TEG members and TEG Chairman will take place on Thursday 17 and Friday 18 December in the EFRAG offices in Brussels.

02/11/2009 Mario Abela - EFRAG Research Director & Acting Technical Director

EFRAG is pleased to announce that Mario Abela, who joined EFRAG on 7th September as Research Director, has accepted to function as Acting Technical Director until a new Technical Director has started at EFRAG.

02/11/2009 EFRAG requests comments on its draft endorsement advice and draft effects study report on IFRS 9 Financial Instruments relating to classification and measurement of financial assets

IFRS 9 Financial Instruments is the first phase of the IASB's replacement of IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 amends the classification and measurement requirements for financial assets. EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of IFRS 9. It is consulting both on its assessment of IFRS 9 against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of IFRS 9 in the EU. Comments are requested by 13 November 2009.

30/10/2009 Saskia Slomp to join EFRAG as Director in January 2010

EFRAG is pleased to announce that Saskia Slomp will join the team from 1 January 2010 as Director of EFRAG.

27/10/2009 EFRAG Update October 2009

The October 2009 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

23/10/2009 EFRAG's final draft comment letter on Part II of the IASCF Review of the Constitution

The EFRAG Supervisory Board has issued its final draft comment letter on the IASCF Review of the Constitution Part II : Proposals for enhanced public accountability. The letter can be downloaded here. Comments are invited on the draft letter by 19 November 2009.

21/10/2009 Fast-track of Financial Instruments Proposals

Supervisory Board has agreed to fast-track advice on the classification and measurement of financial instruments

21/10/2009 Request for input - IASB work plan post June 2011

The IASB Standards Advisory Council (SAC) is meeting in London on 12 & 13 November. The SAC has been asked for its input on what the priorities should be for the IASB work plan.

20/10/2009 Additional EFRAG TEG meetings

EFRAG TEG will hold additional meetings on 30 October 2009 and 6 November 2009.

20/10/2009 EFRAG has issued its draft comment letter to IASB ED 2009/8 Rate-regulated Activities

EFRAG has issued its draft comment letter on the IASB's ED 2009/8 Rate-regulated Activities. The letter can be downloaded here. Comments are invited on the draft letter by 24 November 2009.

16/10/2009 EFRAG's Comment Letter on the IASB ED Fair Value Measurement

EFRAG has issued its comment letter to the IASB on its ED on Fair Value Measurement.

13/10/2009 Call for Applicants - TEG Chairman

EFRAG is seeking a full-time Chairman for the organisation and its Technical Expert Group (TEG). The present mandate period for the TEG Chairman expires on 31 March 2010.

13/10/2009 Call for Applicants - TEG Members

The present mandate period for eleven of the twelve members of EFRAG TEG, including the TEG Chairman, expires on 31 March 2010.

12/10/2009 Agenda for the IASB-EFRAG Convergence Meeting

EFRAG has issued the agenda supporting the convergence meeeting with the IASB which will be held on 19 October in London.

12/10/2009 Agenda for the PRC Meeting on 19 October

EFRAG has issued its agenda supporting the meeting of the PRC which will be held on 19 October in London .

09/10/2009 EFRAG's Comment Letter on the IASB ED Amendments to IAS 19 Discount Rate for Employee Benefits

EFRAG has issued its comment letter to the IASB on its ED/2009/10: Discount Rate for Employee Benefits.

09/10/2009 EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRS 1

EFRAG has completed its due process regarding the Amendments to IFRS 1 Additional Exemptions for First-time Adopters

09/10/2009 Endorsement Status Report Update

In the light of the issue of the Amendment to IAS 32 Classification of Rights Issues and EFRAG's endorsement advice on the Amendments to IFRS 1 Additional Exemptions for First-time Adopters, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

08/10/2009 EFRAG requests comments on its initial assessments of the Amendment to IAS 32: Classification of Rights Issues

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the amendment to IAS 32 Classification of Rights Issues. It is consulting both on its assessment of the Amendment against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of the Amendment in the EU. Comments are requested by 4 November 2009.

08/10/2009 EFRAG has issued its comment letter to the IFRIC on its Draft Interpretation D25 - Extinguishing Financial Liabilities with Equity Instruments

EFRAG today submitted its comment letter to the IFRIC on its Draft Interpretation D25: Extinguishing Financial Liabilities with Equity Instruments

02/10/2009 EFRAG Update September 2009

The September 2009 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

01/10/2009 EFRAG is recruiting a Technical Director

EFRAG is seeking a full-time Technical Director to provide leadership to its technical accounting activities.

01/10/2009 EFRAG is recruiting an Assistant Technical Director

EFRAG is seeking a full-time Assistant Technical Director to assist in leading its technical work.

28/09/2009 EFRAG’s Planning and Resources Committee to meet in London 19 October

The Planning and Resources Committee will hold its next meeting at the Offices of the UK Accounting Standards Board in London on Monday 19th October.

23/09/2009 EFRAG's letter on the IASB Paper on Credit Risk in Liability Measurement is issued

EFRAG has finalised its comment letter in response to the IASB's invitation to comment on a staff paper entitled Credit Risk in Liability Measurement. The letter can be downloaded here

23/09/2009 EFRAG has issued its comments letter to IASB ED 2009/11 Improvements to IFRSs 2009

EFRAG has issued its draft comment letter on the IASB's ED 2009/11 Improvements to IFRSs 2009. The letter can be downloaded here. Comments are invited on the draft letter by 1 November 2009.

21/09/2009 EFRAG's Comment Letter on the IASB ED Financial Instruments: Classification and Measurement

EFRAG finalised its comment letter on the Exposure Draft Financial Instruments: Classification and Measurement and submitted it to the IASB. The letter can be downloaded here.

18/09/2009 EFRAG Supervisory Board Summary September 2009

The September 2009 edition of EFRAG Supervisory Board Summary has been published and can be downloaded here.

16/09/2009 Endorsement Status Report Update

In the light of the endorsement of the Amendment to IAS 39 Financial Instruments: Recognition and Measurement: Eligible Hedged Items, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

14/09/2009 EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRS 2

EFRAG has completed its due process regarding the Amendments to IFRS 2 Group Cash-settled Share-based Payment Transactions and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

14/09/2009 EFRAG's Final Endorsement Advice and Effects Study Report on Improvements to IFRSs 2007-2009

EFRAG has completed its due process regarding the Improvements to IFRSs 2007-2009 and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

11/09/2009 EFRAG Update August 2009

The August 2009 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

10/09/2009 EFRAG's Comment Letter on IASB ED Income Tax

EFRAG has submitted to the IASB its Comment Letter on the Exposure Draft Income Tax. The letter can be downloaded here.

09/09/2009 EFRAG's Comment Letter on the IASB's Request for Information 'Impairment of Financial Assets: Expected Cash Flow Approach'

EFRAG has submitted to the IASB its comment letter on the Request for Information 'Impairment of Financial Assets: Expected Cash Flow Approach'. The letter can be downloaded here.

08/09/2009 EFRAG TEG meeting Wednesday 16 September 2009

EFRAG TEG will hold a meeting on Wednesday 16 September 2009 from 9:00 to 16:00 (Brussels time).

07/09/2009 EFRAG's Comment Letter on the IASB ED Proposed Amendment to IAS 32: Classification of Rights Issues

EFRAG has submitted to the IASB its comment letter on the Exposure Draft 'Proposed Amendment to IAS 32: Classification of Rights Issues'. The letter can be downloaded here.

07/09/2009 EFRAG TEG conference call Friday 11 September 2009

EFRAG TEG will hold a public conference call this week on Friday 11 September 2009 from 15:30 to 17:00 (Brussels time).

07/09/2009 EFRAG's Comment Letter on the IASB's ED of Amendments to IFRIC 14

EFRAG has submitted to the IASB its comment letter on the ED Amendments to IFRIC 14 ' Prepayment of a Minimum Funding Requirement'. The letter can be downloaded here.

07/09/2009 EFRAG's Invitation to Comment on its initial assessments of the Amendments to IFRS 1

EFRAG is issuing for comment a draft endorsement advice and effects study report of the Amendments to IFRS 1 - Additional Exemptions. Comments are requested by 7 October 2009.

07/09/2009 EFRAG's Draft Comment Letter on the IASB's Exposure Draft of Amendments to IAS 19 Discount Rate for Employee Benefits

EFRAG has issued its draft comment letter on the IASB's Exposure Draft ED/2009/10 'Discount Rate for Employee Benefits'. The letter can be downloaded here and comments are invited on the letter by 29 September 2009.

31/08/2009 EFRAG TEG meeting 1-3 September 2009

EFRAG announces that it will hold its next EFRAG TEG meeting on Tue. 1, Wed. 2 and Thurs. 3 September 2009.

21/08/2009 EFRAG's Draft Comment Letter on the IFRIC's D25 Extinguishing Financial Liabilities with Equity Instruments

EFRAG has issued its draft comment letter in response to the IFRIC's invitation to comment on Draft Interpretation D25 Extinguishing Financial Liabilities with Equity Instruments. The letter can be downloaded here and comments are invited on the letter by 29 September 2009.

21/08/2009 EFRAG's Draft Comment Letter on Classification of Rights Issues

EFRAG has issued its draft comment letter on the IASB's Exposure Draft 'Classification of Rights Issues (proposed amendment to IAS 32)'. This letter can be downloaded here. Comments are invited by 31 August 2009.

19/08/2009 EFRAG TEG conference call Friday 21 August 2009

EFRAG TEG will hold a further public conference call this week on Friday 21 August 2009 from 09:00 to 10:30 (Brussels time).

19/08/2009 EFRAG Update July 2009

The July 2009 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

31/07/2009 EFRAG's Comment Letter on the ED Derecognition

EFRAG submitted to the IASB its comment letter on the ED Derecognition

30/07/2009 TEG August 2009 conference calls

EFRAG TEG will debate in two public conference calls - on 18 August 2009 from 16:30 to 18:00 (Brussels time) and 21 August 2009 from 09:00 to 10:30 (Brussels time).

30/07/2009 EFRAG TEG September conference call and meeting

EFRAG TEG will debate in two public meetings - a conference call on 11 September 2009 from 15:30 to 17:00 (Brussels time) and a meeting on 16 September 2009 from 09:00 to 16:00 (Brussels time) - its responses to the IASB's publications relating to the financial crisis.

30/07/2009 EFRAG's Draft Comment Letter on the IASB's Exposure Draft 'Fair Value Measurements'

EFRAG has issued its draft comment letter on the IASB's Exposure Draft 'Fair Value Measurements'. The letter can be downloaded here. Comments are invited by 21 September 2009.

29/07/2009 Endorsement Status Report

In the light of EFRAG's Draft Endorsement Advice on the 2007-2009 Improvements to IFRS and the endorsement of IFRIC 15 Agreements for the Construction of Real Estate, EFRAG has updated its Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

28/07/2009 EFRAG extends its comment deadline on the IASB's ED Income Taxes

In the light of the number of IASB publications that require the attention of constituents, EFRAG has decided to extend its comment deadline relating to the IASB’s ED Income Taxes. Comments are now invited on the draft comment letter by 31 July 2009. The letter can be downloaded here.

28/07/2009 EFRAG's Draft Comment Letter on the IASB's ED on Financial Instruments: Classification and Measurement

EFRAG has issued its draft comment letter on the IASB's ED on Financial Instruments: Classification and Measurement. This letter can be downloaded here and comments are invited by 3 September 2009.

28/07/2009 EFRAG`s Comment Letter on the IASB`s DP Leases

EFRAG has issued its final comment letter on the IASB/FASB discussion paper Leases. The letter can be downloaded here.

28/07/2009 EFRAG requests comments on its initial technical assessment of the Improvements to IFRS and on its initial assessment of the costs and benefits that would arise from its application in the EU

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the Improvements to IFRSs (Amendments). It is consulting both on its assessment of the Amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 4 September 2009.

27/07/2009 EFRAG's Comment Letter on the IASB's DP Revenue Recognition in Contracts with Customers

EFRAG has issued its comment letter on the IASB’s DP Revenue Recognition in Contracts with Customers. The letter can be downloaded here.

23/07/2009 EFRAGs draft letter on the IASB Paper on Credit Risk in Liability Measurement

EFRAG has issued its draft comment letter in response to the IASB's invitation to comment on a staff paper entitled Credit Risk in Liability Measurement. The letter can be downloaded here and comments are invited on the letter by 21 August 2009.

23/07/2009 EFRAG defers the comment deadline on the PAAinE Performance Reporting discussion paper to 31 December 2009

To allow constituents more time during what is an extremely busy period, it has been decided that the comment deadline on the PAAinE Performance Reporting discussion paper issued in March should be postponed from 30 September 2009 to 31 December 2009.

22/07/2009 EFRAG's Draft Comment letter on the IASB's Request for Information - Impairment of Financial Assets: Expected Cash Flow Approach

EFRAG has issued its draft comment letter in response to the IASB's Request for Information ('Expected Loss Model') Impairment of Financial Assets: Expected Cash Flow Approach. The letter can be downloaded here and comments are invited on the letter by 21 August 2009.

20/07/2009 An EFRAG delegation to meet with IASB representatives on 20 July to discuss the IASB's convergence projects

At 11:45 am on Monday 20 July, an EFRAG delegation - comprising the Chairs of EFRAG and of the French, German and UK standard-setters and others - will meet IASB representatives to discuss aspects of the IASB's convergence agenda. The meeting will be held in public at the IASB's premises. The agenda for the meeting is attached.

20/07/2009 EFRAG TEG 2010 meeting and conference call dates have been finalized

EFRAG TEG 2010 meeting and conference call dates have been finalized. The dates can be found on the website uner 'Upcoming Meetings' or by following the link below.

17/07/2009 Endorsement Status Report

In the light of the voting that took place at the ARC meeting in July and EFRAG's Draft Endorsement Advice on the Amendments to IFRS 2 'Group Cash-settled Share-based Payment Transactions', EFRAG has updated its Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

16/07/2009 Pedro Solbes appointed Chairman of the EFRAG SB

EFRAG announced today that Pedro Solbes Mira, the former Member of the European Commission responsible for Economic and Financial Affairs (1999 – 2004) and Minister of Economy and Finance (2004 -2009) of Spain has agreed to become the next Chairman of the EFRAG SB. Mr Solbes will take up his post as from today.

10/07/2009 EFRAG's draft comment letter on the ED of proposed amendments to IFRIC 14

EFRAG has issued its draft comment letter on the Exposure Draft of proposed amendments to IFRIC 14. Comments can be sent by e-mail or our website by 31 August 2009.

10/07/2009 EFRAG requests comments on its initial assessment of the Amendments to IFRS 2 - Group Cash-settled Share-Based Payment Transactions

Today EFRAG is issuing a draft endorsement advice and effect study report of the Amendments to IFRS - Group Cash-settled Share-based Payment Transactions and is asking for comment on this material. Comments are requested by 4 September 2009.

29/06/2009 EFRAG Update April, May and June 2009

The April, May and June 2009 editions of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, have been published and can be downloaded here.

17/06/2009 Members of the new EFRAG Supervisory Board (SB) appointed

As a further step in the implementation of the enhanced structure aimed at strengthening the European input into the IASB standard setting process, the EFRAG General Assembly appointed the members of the new Supervisory Board in its meeting of 11 June.

15/06/2009 EFRAG's Draft Comment Letter on the IASB's Exposure Draft 'Derecognition'

EFRAG has issued its draft comment letter on the IASB's Exposure Draft 'Derecognition'. The letter can be downloaded here. Comments are invited by 9 July 2009.

12/06/2009 Endorsement Status Report Update

In the light of the endorsement of the Revised IFRS 3 Business Combinations and the Amendments to IAS 27 Consolidated and Separate Financial Statements, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

08/06/2009 EFRAG Common Control Advisory Group - members appointed

EFRAG has received a number of highly qualified applications for the Advisory Group on the new PAAinE Project on Business Combinations between entities Under Common Control (BCUCC) and has now appointed the members.

08/06/2009 Endorsement Status Report Update

In the light of endorsement of IFRIC 16 Hedges of a Net Investment in a Foreign Operation, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

08/06/2009 EFRAG’s Draft Comment Letter on the IASB/FASB DP Leases

EFRAG has issued its draft comment letter on the IASB/FASB DP Leases. The letter can be downloaded here. Comments are invited on the draft letter by 6 July 2009.

05/06/2009 EFRAG's Draft Comment Letter on the IASB's ED Income Taxes

EFRAG has issued its draft comment letter on the IASB’s ED Income Taxes. The letter can be downloaded here. Comments are invited on the draft letter by 3 July 2009.

29/05/2009 EFRAG Annual Review 2008

EFRAG is happy to announce the release of its Annual Review 2008. You can download the pdf file here. Enjoy your reading!

29/05/2009 A European survey of Users’ information needs is published

EFRAG has today, together with the national French standard-setter, issued a report summarising and analysing the results of a recent survey carried out of users of financial statements. The work has been carried out as part of the pan-European pro-active PAAinE initiative. The report can be downloaded here.

27/05/2009 EFRAG's Final Endorsement Advice and Effects Study Report on IFRIC 17 - Distributions of Non-cash Assets to Owners

EFRAG has completed its due process regarding the IFRIC 17 'Distribution of Non-cash Assets to Owners' and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

27/05/2009 EFRAG's Final Endorsement Advice and Effects Study Report on IFRIC 18 - Transfers of Assets from Customers

EFRAG has completed its due process regarding the IFRIC 18 - Transfers of Assets from Customers to Owners' and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

27/05/2009 EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRIC 9 and IAS 39

EFRAG has completed its due process regarding the Amendments to IFRIC 9 and IAS 39 'Embedded Derivatives' and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

27/05/2009 EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRS 7

EFRAG has completed its due process regarding the Amendments to IFRS 7 'Improving Disclosures about Financial Instruments' and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

25/05/2009 EFRAG Comment Letter on Financial Statement Presentation DP

EFRAG has issued its final comment letter on the IASB/FASB Discussion Paper Preliminary Views on Financial Statement Presentation. The letter can be downloaded here.

22/05/2009 June CFSS/TEG meeting

EFRAG announces that it will hold its next Consultative Forum of Standard-Setters (CFSS) on Wednesday 3 June 2009. The meeting will be followed by meetings of the EFRAG Technical Expert Group on 3-4-5 June.

27/05/2009 EFRAG TEG Public conference call 27 May 2009

EFRAG TEG will debate in a public conference call on 27 May from 11:00-12:30 (Brussels time).

12/05/2009 EFRAG SME Working Group - Appointed Members

EFRAG has received a large number of highly qualified applications for the SME Working Group and has now appointed the members.

05/05/2009 EFRAG's Draft Comment Letter on the DP Revenue Recognition in Contracts with Customers

EFRAG has issued its draft comment letter on the IASB’s DP Revenue Recognition in Contracts with Customers. The letter can be downloaded here. Comments are invited on the draft letter by 3 June 2009.

24/04/2009 EFRAG Update February and March 2009

The February and March edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, have been published and can be downloaded here.

22/04/2009 EFRAG's final response to the IASB's request for views on the FASB amendments to fair value measurement guidance and impairment recognition requirement

EFRAG has finalised its due process and submitted to the IASB its response on the IASB's request for views on the FASB amendments to fair value measurement guidance and impairment recognition requirement

22/04/2009 EFRAG TEG Public Conference Call

EFRAG TEG will debate in a public conference call on 22 April from 11:00-13:00 (Brussels time).

16/04/2009 EFRAG TEG Meeting 28-30 April 2009

EFRAG announces that it will hold its next EFRAG TEG meetings on Tue. 28, Wed. 29 and Thurs. 30 April 2009.

11/04/2009 EFRAG TEG Meeting to be held on 11, 12, 13 November 2009

EFRAG announces that it will hold its next EFRAG TEG meetings on 11, 12 and 13 November 2009.

09/04/2009 EFRAG's Final Comment Letter on ED 10 Consolidated Financial Statements

EFRAG has finalised its due process and submitted to the IASB its comment letter on ED 10 Consolidated Financial Statements.

09/04/2009 EFRAG SB's Final Comment Letter on the IASCF Review of the Constitution

The EFRAG Supervisory Board has issued its final comment letter on the IASCF Review of the Constitution : Identifying Issues for Part 2 of the Review. The letter can be downloaded here.

08/04/2009 EFRAG's draft response to the IASB's request for views on the FASB amendments to fair value measurement guidance and impairment recognition requirements

EFRAG invites comments to its draft response to the IASB's request for views on the recent amendments by the FASB to the fair value measurement guidance and impairment recognition requirements for financial instruments under the US GAAP. The deadline for comments is 17 April 2009.

08/04/2009 EFRAG SB appointed interim Planning and Resource Committee (PRC)

Following its final report on the enhancement, published in December 2008, the European Financial Reporting Advisory Group (EFRAG) Supervisory Board appointed at its March meeting an interim Planning and Resource Committee (PRC).

04/04/2009 EFRAG calls for candidates for a Working Group on SMEs

EFRAG has decided to establish a new Working Group on SMEs. EFRAG therefore calls for candidates. The group's work will cover issues related to the EU accounting directives, IFRS for SMEs and other accounting issues related to small and medium sized entities.

03/04/2009 EFRAG requests comments on its initial assessments of Amendments to IFRS 7 Improving Disclosures about Financial Instruments

EFRAG is today issuing a draft endorsement advice letter and a draft effect study report relating to the endorsement of the Amendments to IFRS 7 Improving Disclosures about Financial Instruments and is asking for comments on this material. EFRAG is consulting both on its initial assessment of the Interpretation against the EU endorsement criteria and on its assessment of the costs and benefits that would arise from the implementation of the Interpretation in the EU. Comments are requested by 15 May 2009.

03/04/2009 Endorsement Status Report Update

In the light of the endorsement of IFRIC 12 Service Concession Arrangements and some EFRAG publications, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

02/04/2009 EFRAG's response to the Financial Crisis Advisory Group's request for input

EFRAG has finalised its due process and submitted today its response to the Financial Crisis Advisory Group's request for input. EFRAG's response can be downloaded here.

02/04/2009 EFRAG calls for candidates for a PAAinE Advisory Group being set up on Common Control transactions

A new PAAinE (Pro-active Accounting Activities in Europe) project on Accounting for Business Combinations under Common Control is about to start and a pan-European advisory group is being set up to support the work. EFRAG is therefore launching a call for nominations for the panel. If you are interested, please write to us at info@efrag.org by 20 April 2009

01/04/2009 EFRAG's Final Comment Letter on the ED of proposed amendments to IAS 24 Relationships with the State

EFRAG has finalised its comment letter on the IASB’s ED of proposed amendments to IAS 24 Relationships with the State and submitted its letter to the IASB. The letter can be downloaded here.

30/03/2009 EFRAG TEG Public Conference calls - 31 March, 1 April and 3 April 2009

EFRAG will debate in public conference calls on 31 March from 14:00-15:00 (Brussels time), 1 April from 09:00-11:00 (Brussels time) and 3 April from 10:00-11:30 (Brussels time).

30/03/2009 EFRAG's Endorsement Advice on the revision to IFRS 1 'First-time Adoption of International Financial Reporting Standards'

EFRAG has submitted to the European Commission its Endorsement Advice regarding the revision to IFRS 1 'First-time Adoption of International Financial Reporting Standards'. EFRAG's advice is that the revision to IFRS 1 should be endorsed.

27/03/2009 EFRAG requests comments on its initial assessments of the Amendment to IFRIC 9 and IAS 39 against the EU Endorsement Criteria

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the amendment to IFRIC 9 Reassessment of Embedded Derivatives and IAS 39 Financial Instruments: Recognition and Measurement. It is consulting both on its assessment of the Amendment against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of the Amendment in the EU. Comments are requested by 8 May 2009.

26/03/2009 EFRAG requests comments on its initial assessments of IFRIC 18 Transfers of Assets from Customers

EFRAG is today issuing a draft endorsement advice letter and a draft effect study report relating to the endorsement of IFRIC 18 Transfers of Assets from Customers and is asking for comments on this material. EFRAG is consulting both on its initial assessment of the Interpretation against the EU endorsement criteria and on its assessment of the costs and benefits that would arise from the implementation of the Interpretation in the EU. Comments are requested by 8 May 2009.

25/03/2009 EFRAG and European national standard-setters publish a discussion paper on Performance Reporting

Performance reporting is a fundamental issue for users of financial statements. EFRAG and the national standard-setters of Denmark, France, Germany, Italy, Poland, Spain, Sweden and the UK have today issued a discussion paper under the PAAinE initiative that explores and encourages debate on some key performance reporting issues. Comments on the paper are invited by 30 September 2009.

24/03/2009 New EFRAG TEG Composition as of 1 April 2009

The EFRAG Supervisory Board has approved the re-appointment for one year of the six EFRAG TEG members up for rotation. It has also appointed a new member, Professor Araceli Mora, for two years.

21/03/2009 EFRAG's draft response to the Financial Crisis Advisory Group's request for input

EFRAG invites comments to its draft response to the Financial Crisis Advisory Group's request for input. The deadline for comments is 30 March 2009.

17/03/2009 EFRAG TEG Public conference call - 18 March

The EFRAG TEG will debate in a public conference call on Wednesday, 18 March 2009 between 11:00 AM - 1:00 PM (Brussels time).

14/03/2009 EFRAG requests comments on its initial assessments of IFRIC 17 Distributions of Non-cash Assets to Owners against the EU endorsement criteria

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of IFRIC 17 Distributions of Non-cash Assets to Owners. It is consulting both on its assessment of the Interpretation against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of the Interpretation in the EU. Comments are requested by 1 May 2009.

10/03/2009 Press Release - Call for Candidates for the new EFRAG Supervisory Board

The recently appointed Governance and Nomination Committee (GNC) has issued a call for candidates for the new EFRAG Supervisory Board (SB) with a deadline of 20 April. The SB will consist of 17 members.

06/03/2009 EFRAG FIWG - New Membership

EFRAG has received a large number of highly qualified applications for the Financial Instruments Working Group (FIWG) and has now appointed the members.

06/03/2009 EFRAG's Draft Comment Letter on the IASCF Review of the Constitution

The EFRAG Supervisory Board has issued its draft comment letter on the IASCF Review of the Constitution : Identifying Issues for Part 2 of the Review. The letter can be downloaded here. Comments are invited on the draft letter by 27 March 2009.

03/03/2009 Endorsement Status Report Update

In the light of some votes taken at the ARC meeting in March and some changes to EFRAG's expectations as to when outstanding material will be endorsed, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

02/03/2009 EFRAG's Draft Comment Letter on the ED Consolidated Financial Statements

EFRAG has issued its draft comment letter on the IASB’s ED 10 Consolidated Financial Statements. The letter can be downloaded here. Comments are invited on the draft letter by 20 March 2009.

02/03/2009 EFRAG's Final Comment Letter on ED of proposed amendments to IFRIC 9 and IFRIC 16

EFRAG has finalised its comment letter on the IASB’s ED of proposed amendments to IFRIC 9 Reassessment of Embedded Derivatives and IFRIC 16 Hedges of a Net Investment in a Foreign Operation and submitted its letter to the IASB. The letter can be downloaded here.

16/02/2009 February EFRAG TEG Meeting

EFRAG announces that it will hold its next EFRAG TEG meetings on Wed. 25, Thurs. 26 and Fri. 27 February 2009.

11/02/2009 EFRAG publishes summaries of comments received on three PAAinE Discussion Papers

EFRAG has published jointly with others summaries of the comments received on three discussion papers issued as part of the pro-active accounting work carried out by EFRAG and the European National Standard-Setters (PAAinE).

10/02/2009 EFRAG Draft Comment Letter on the DP on Financial Statement Presentation

EFRAG has issued its draft comment letter on the IASB/FASB Discussion Paper Preliminary Views on Financial Statement Presentation. The letter can be downloaded here. Comments can be sent by e-mail or our website by 9 April 2009.

09/02/2009 EFRAG's draft comment letter on the ED of proposed amendments to IFRIC 9 and IFRIC 16

EFRAG has issued its draft comment letter on the Exposure Draft of proposed amendments to IFRIC 9 and IFRIC 16. The letter can be downloaded here. Comments can be sent by e-mail or our website by 25 February 2009.

06/02/2009 EFRAG Update December 2008 and January 2009

The December and January edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, have been published and can be downloaded here.

04/02/2009 EFRAG TEG Public Conference Call - 6 February 2009

The EFRAG TEG will debate in a public conference call on 6 February between 10:00-11:00 AM (Brussels time).

30/01/2009 EFRAG's Final Comment Letter on the proposed amendments to IFRS 5 - Discontinued Operations

EFRAG has finalised its due process and submitted to the IASB its comment letter on the ED 'Discontinued Operations'.

29/01/2009 EFRAG's Final Comment Letter on the Exposure Draft 'Embedded Derivatives'

EFRAG has finalised its due process and submitted to the IASB its comment letter on the ED of proposed amendments to IFRIC 9 and IAS 39 'Embedded Derivatives'.

28/01/2009 EFRAG's Final Comment Letter on the ED of Proposed Amendments to IFRS 1 Additional Exemptions for First-time Adopters

EFRAG has finalised its due process and submitted to the IASB its comment letter on the ED of proposed amendments to IFRS 1 Additional Exemptions for First-time Adopters.

27/01/2009 EFRAG requests comments on its initial assessments of the Revised Version of IFRS 1 'First Time Adoption of IFRSs'

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the revised version of IFRS 1 'First-Time Adoption of IFRSs'. It is consulting both on its assessment of the amendment against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of the amendment in the EU. Comments are requested by 13 March 2008.

27/01/2009 Endorsement Status Report Update - 27 January 2009

In order to reflect the endorsement of the amendments to IAS 1, IAS 27, IAS 32 and IFRS 1 and the Improvements to IFRSs (2007) by the European Commission and some revisions in the timetable for the endorsement of some other amendments, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

16/01/2009 EFRAG's Comment Letter on the ED of Proposed Amendments to IFRS 7 'Investments in Debt Instruments'

EFRAG submitted to the IASB its comment letter on the ED of proposed amendments to IFRS 7 'Investments in Debt Instruments'

15/01/2009 EFRAG's Endorsement Advice on the Amendment to IAS 39 and IFRS 7 'Reclassification of Financial Assets - Effective Date and Transition'

EFRAG has submitted to the European Commission its endorsement advice letter regarding the Amendment to IAS 39 and IFRS 7 'Reclassification of Financial Assets - Effective Date and Transition'

13/01/2009 January TEG Meeting

EFRAG announces that it will hold its next TEG meetings on Wed21, Thur22 and Fri23 January 2009.

09/01/2009 EFRAG TEG Public conference call - 15 January 2009

EFRAG TEG will debate in a public conference call on 15 January 2009 between 11:00 and 13:00 (Brussels Time).

08/01/2009 EFRAG's draft comment letter on proposed amendments to IFRS 7 'Investments in Debt Instruments'

EFRAG has finalised its draft comment letter on the Exposure Draft of proposed amendments to IFRS 7 'Investments in Debt Instruments'. The letter can be downloaded here. Comments can be sent by e-mail or our website by 14 January 2009.

06/01/2009 EFRAG's draft comment letter on proposed amendments to IFRIC 9 and IAS 39 'Embedded Derivatives'

EFRAG has issued its draft comment letter on the Exposure Draft of proposed amendments to IFRIC 9 and IAS 39 'Embedded Derivatives'. The letter can be downloaded here. Comments can be sent by e-mail or our website by 20 January 2009.

23/12/2008 BEST WISHES FROM THE EFRAG TEAM

The EFRAG team wish you a nice break and will be happy to work with you again as of 5 January. Merry Christmas and happy 2009! Click here for colourful version.

23/12/2008 Endorsement Status Report Update - 23 December 2008

In order to reflect the endorsement of IFRIC 13 and 14, and the amendments to IAS 1, IFRS 2 and IAS 23 by the European Commission and some revisions in the timetable for the endorsement of some other amendments, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

22/12/2008 EFRAG's Draft Comment Letter on Exposure Draft of proposed amendments to IAS 24 'Relationships with the State'

EFRAG has issued its draft comment letter on the Exposure Draft of proposed amendments to IAS 24 'Relationships with the State'. The letter can be downloaded here. Comments can be sent by e-mail or our website by 6 March 2009.

22/12/2008 EFRAG's Final Comment Letter on the Exposure Draft 'Simplifying Earnings per Share'

EFRAG has finalised its due process and submitted its comment letter to the IASB.

17/12/2008 EFRAG TEG Public conference call - 22 December

The EFRAG TEG will debate in a public conference call on 22 December between 9.00-10.00 AM.

17/12/2008 EFRAG's draft comment letter on the Exposure Draft proposing amendments to IFRS 5 'Discontinued Operations'

EFRAG has issued its draft comment letter on the Exposure Draft on proposed amendments to IFRS 5 'Discontinued Operations' . Comments are invited by 17 January 2009. The letter can be downloaded here. Comments can be sent by email or via our website.

17/12/2008 EFRAG on the move

EFRAG will be moving offices tomorrow Thursday 18th December.

15/12/2008 EFRAG's Final Comment Letter on Improvements to IFRSs (2008)

EFRAG has finalised its due process and submitted to the IASB its comment letter on the ED Improvements to IFRSs.

15/12/2008 EFRAG's Final Comment Letter on Improving Disclosures about Financial Instruments

EFRAG has finalised its due process and submitted to the IASB its comment letter on the ED of proposed amendments to IFRS 7 Improving Disclosures about Financial Instruments.

10/12/2008 More influence for EFRAG in international standard-setting process

The final report on the enhancement of EFRAG (European Financial Reporting Advisory Group) has been published today. An enhanced EFRAG will make Europe a more important player in the financial reporting world.

09/12/2008 An important new discussion paper on Accounting for Intangibles is issued

It has been argued that the importance of intangible assets is the distinguishing feature of the new economy. Certainly, for many companies they are a very significant asset. Yet existing accounting standards deal with them incompletely and inconsistently. EFRAG wishes to draw attention to a recent Discussion Paper issued by the Australian Accounting Standards Board (AASB) that represents an important contribution to the global debate about accounting for intangibles. The paper can be downloaded here. Comments on the paper are invited by 15 May 2009.

08/12/2008 EFRAG requests comments on its initial assessments of the update to the amendment to IAS 39 & IFRS 7 Reclassification of Financial Assets “Effective Date and Transition” against the EU endorsement criteria

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the update to the amendment to IAS 39 Financial Instruments: Recognition and Measurement—Reclassification of Financial Assets “Effective Date and Transition”. It is consulting both on its assessment of the updated amendment against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of the updated amendment in the EU. Comments are requested by 8 January 2009.

03/12/2008 December CFSS/TEG Meeting

EFRAG announces that it will hold its next Consultative Forum of Standard-Setters (CFSS) on Wednesday 10 December 2008. The meeting will be followed by meetings of the EFRAG Technical Expert Group on 10-11-12 December.

01/12/2008 EFRAG TEG Public Conference Call - new dates and times

In replacement of the call initially scheduled on 2 December, the EFRAG TEG will debate in public conference calls on Thursday 4 December (4.30-5.00 PM and 6.30-7.00 PM CET ) and Friday 5 December (9.00-10.00 AM CET).

28/11/2008 Endorsement Status Report - 28 November 2008

In order to reflect recent publications and some changes to EFRAG’s expectations as to when outstanding material will be endorsed, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

28/11/2008 CANCELLED / EFRAG TEG public conference call 02/12

EFRAG TEG will debate in a public conference call on Tuesday 2 December 2008 at 15:00 (Brussels Time).

25/11/2008 EFRAG Update November 2008

The November edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

24/11/2008 EFRAG issues its draft comment letter on the ED proposing additional exemptions for first-time adopters

EFRAG has issued its draft comment letter on the IASB Exposure Draft of proposed amendments to IFRS 1 ‘Additional Exemptions for First-time Adopters’. Comments are invited on the draft letter by 9 January 2009. The letter can be downloaded here. Comments can be sent by email (commentletters@efrag.org) or via our website.

12/11/2008 EFRAG's Endorsement Advice on the Amendment to IAS 39 “Eligible Hedged Items”

EFRAG has submitted to the European Commission its Endorsement Advice regarding the Amendment to IAS 39 “Eligible Hedged Items”. EFRAG’s advice is that the Amendment should be endorsed.

07/11/2008 EFRAG's Endorsement Advice on the revised IFRS 3 and the amended IAS 27

EFRAG has submitted to the European Commission its Endorsement Advice regarding the revised IFRS 3 Business Combinations and the amended IAS 27 Consolidated and Separate Financial Statements. EFRAG’s advice is that the revised IFRS 3 and the amended IAS 27 should be endorsed.

07/11/2008 Endorsement Status Report Update - 7 November 2008

In order to reflect EFRAG's recent publications and the discussions of the last ARC meeting, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

06/11/2008 EFRAG IAWG - New Membership

EFRAG has received a large number of highly qualified applications for the Insurance Accounting Working Group (IAWG) and has finally appointed the members. The first meeting of the group will take place in November.

04/11/2008 EFRAG issues its draft comment letter on the Exposure Draft proposing amendments to IFRS 7 ‘Improving Disclosures about Financial Instruments’

EFRAG has issued its draft comment letter on the IASB ED Exposure Draft proposing amendments to IFRS 7 Improving Disclosures about Financial Instruments. Comments are invited on the draft letter by 4 December 2008. The letter can be downloaded here. Comments can be sent by email (commentletter@efrag.org) or via our website.

03/11/2008 EFRAG's Endorsement Advice on IFRIC 16

EFRAG has submitted to the European Commission its Endorsement Advice regarding IFRIC 16 Hedges of a Net Investment in a Foreign Operation. EFRAG’s advice is that the Interpretation should be endorsed.

03/11/2008 EFRAG's Endorsement Advice on IFRIC 15

EFRAG has submitted to the European Commission its Endorsement Advice regarding IFRIC 15 Agreements for the Construction of Real Estate. EFRAG’s advice is that the Interpretation should be endorsed.

31/10/2008 EFRAG Update October 2008

The October edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

31/10/2008 EFRAG TEG Meeting on 12-13-14 November

EFRAG announces that it will hold the next EFRAG TEG meetings on Wed12-Thur13-Fri14 November in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels.

29/10/2008 EFRAG TEG public conference call

EFRAG TEG will debate in a public conference call on Friday 31st October 2008 at 17:00 (Brussels time).

28/10/2008 EFRAG letter to the IASB on IFRS for Private Entities

EFRAG has written to the IASB to reiterate some of the comments it made in its comment letter on the ED of an IFRS for SMEs (now called IFRS for Private Entities) about the need for substantive and useful recognition and measurement simplifications. The letter also draws the IASB’s attention to a recent survey of the information needs of users of Private Entity financial statements undertaken by the German standard-setter. That survey confirms a number of the comments made in EFRAG’s comment letter.

23/10/2008 Endorsement Status Report Update - 23 October 2008

In order to reflect the endorsement of the Amendments to IAS 39 and IFRS 7 'Reclassification of Financial Instruments', EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

22/10/2008 EFRAG has issued its Comment Letter on DP 'Preliminary Views on an improved Conceptual Framework for Financial Reporting - The Reporting Entity'

EFRAG has finalised its due process and submitted to the IASB its comment letter on the Discussion Paper of Preliminary Views on An Improved Conceptual Framework for Financial Reporting: The Reporting Entity.

21/10/2008 EFRAG has issued its Comment Letter on the Exposure Draft of An Improved Conceptual Framework for Financial Reporting: Chapter 1 and 2

EFRAG has finalised its due process and submitted to the IASB its comment letter on the Exposure Draft of An Improved Conceptual Framework for Financial Reporting: Chapter 1 The Objective of Financial Reporting, and Chapter 2 Qualitative Characteristics and Constraints of Decision-useful Financial Reporting Information.

20/10/2008 EFRAG issues its Draft Comment Letter on the Exposure Draft ‘Simplifying Earnings per Share'

EFRAG has issued its Draft Comment Letter on the Exposure Draft ‘Simplifying Earnings per Share’. Comments are invited on the draft letter by 1 December 2008. The letter can be downloaded here. Comments can be sent by email (commentletters@efrag.org) or via our website.

20/10/2008 EFRAG issues its Draft Comment Letter on the Exposure Draft Improvements to IFRSs (2008)

EFRAG has issued its Draft Comment Letter on the Exposure Draft ‘Improvements to IFRSs' (2008). Comments are invited on the draft letter by 21 November 2008. The letter can be downloaded here. Comments can be sent by email (commentletters@efrag.org) or via our website.

17/10/2008 EFRAG TEG public conference call

EFRAG will debate in a public conference call on Friday 17 October 2008 at 15:00 (Brussels time).

17/10/2008 EFRAG's Final Comment Letter on DP 'Preliminary Views on Amendments to IAS 19 Employee Benefits'

EFRAG has finalised its due process and submitted to the IASB its comment letter on the Discussion Paper 'Preliminary Views on Amendments to IAS 19 Employee Benefits'.

15/10/2008 Endorsement Status Report Update - 15 October 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

14/10/2008 EFRAG SB Statement

The EFRAG SB has issued a statement allowing the TEG to deviate from its regular due process on the endorsement of the new IAS39 amendments.

14/10/2008 EFRAG's Endorsement Advice on the Amendments to IAS 39 and IFRS 7

EFRAG has submitted to the European Commission its positive Endorsement Advice regarding the Amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures “Reclassification of Financial Assets”.

13/10/2008 Convergence talks between EFRAG and the IASB

On 13 October 2008 an EFRAG delegation will meet with some IASB representatives in London in order to present European views on certain convergence topics. Besides discussing the work carried out by EFRAG and the IASB, current market and accounting issues will be discussed. Below you will find the agenda.

13/10/2008 EFRAG TEG public conference call

EFRAG will debate in a conference call on Tuesday 14 October 2008 at 08.00 AM (Brussels time).

06/10/2008 EFRAG SB Letter on the IASCF Review of the Constitution

The EFRAG Supervisory Board has finalised and submitted its letter on the IASCF Review of the Constitution: Public Accountability and the Composition of the IASB—Proposals for Change.

02/10/2008 EFRAG TEG public conference call

EFRAG will debate in a conference call on Friday 3 October 2008 at 10:00h (Brussels time).

01/10/2008 Endorsement Status Report Update - 1 October 2008

In order to reflect EFRAG's recent publications, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

30/09/2008 October CFSS/TEG Meeting

EFRAG announces that it will hold its next Consultative Forum of Standard-Setters (CFSS), where EFRAG meets with all the European accounting standard-setters quarterly, on Wednesday 8 October 2008. The meeting will be followed by meetings of the EFRAG Technical Expert Group on 8, 9 and 10 October.

30/09/2008 EFRAG's Final Comment Letter on DP 'Reducing Complexity in Reporting Financial Instruments'

EFRAG has finalised its due process and submitted to the IASB its comment letter on the Discussion Paper “Reducing Complexity in Reporting Financial Instruments”.

26/09/2008 EFRAG TEG public conference call

EFRAG will debate in a conference call on Friday 26 September 2008 at 16:00h (Brussels time)

22/09/2008 EFRAG requests comments on its initial assessments of the amendment to IAS 39 “Eligible Hedged Items” against the EU endorsement criteria and on its initial assessment of the costs and benefits of implementation.

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the amendment to IAS 39 Financial Instruments: Recognition and Measurement “Eligible Hedged Item”. It is consulting both on its assessment of the amendment against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of the amendment in the EU. Comments are requested by 27 October 2008.

19/09/2008 EFRAG’s Comment Letter on the Discussion Paper “Financial Instruments with Characteristics of Equity'

EFRAG has finalised its due process and submitted to the IASB its comment letter on the Discussion Paper “Financial Instruments with Characteristics of Equity'

19/09/2008 EFRAG Update September 2008

The September edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

18/09/2008 EFRAG requests comments on its initial assessments of IFRIC 16 Hedges of a Net Investment in a Foreign Operation against the EU endorsement criteria and its initial assessment of the costs and benefits of implementation.

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the IFRIC 16 Hedges of a Net Investment in a Foreign Operation. It is consulting both on its assessment of IFRIC 16 against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of IFRIC 16 in the EU. Comments are requested by 20 October 2008.

17/09/2008 EFRAG's comment letter on the CESR draft Statement Fair value measurement and related disclosures of financial instruments in illiquid markets

EFRAG submitted its comment letter on the CESR draft Statement Fair value measurement and related disclosures of financial instruments in illiquid markets. While EFRAG usually prepares a draft letter and invites comment on that draft before finalising the letter that has not been possible in this case because of the relatively short comment period given for the draft Statement. Therefore, the comments in this letter have not been subject to any public consultation process.

12/09/2008 EFRAG TEG Public Conference Call

EFRAG will debate in a conference call on Tuesday 16 September 2008 at 14:30h (Brussels time)

28/08/2008 EFRAG TEG Meeting on 8 and 9 September

EFRAG announces that it will hold the next EFRAG TEG meetings on 8-9 September in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels

02/08/2008 Summer Holiday

EFRAG wishes you a wonderful summer holiday and hopes to see you back in September.

01/08/2008 Endorsement Status Report Update - 1 August 2008

In order to reflect EFRAG's and the IASB's recent publications, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'

30/07/2008 EFRAG issues its draft comment letter on the Discussion Paper Preliminary Views on an improved Conceptual Framework for Financial Reporting: The Reporting Entity

EFRAG is today issuing its draft Comment Letter on the joint IASB/FASB Discussion Paper Preliminary Views on an improved Conceptual Framework for Financial Reporting: The Reporting Entity. EFRAG is inviting comments on the draft letter by 26 September 2008.

30/07/2008 EFRAG requests comments on its initial technical assessments of the revised IFRS 3 “Business Combinations” and the amended IAS 27 “Consolidated and Separate Financial Statements” and its initial assessment of the costs and benefits

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the revised IFRS 3 “Business Combinations” and the amended IAS 27 “Consolidated and Separate Financial Statements”, referred to as the new standards. It is consulting both on its assessment of the new standards against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the implementation of the new standards in the EU. Comments are requested by 19 September 2008.

29/07/2008 EFRAG issues its draft comment letter on the Discussion Paper on Preliminary Views on Amendments to IAS 19 Employee Benefits

EFRAG has issued its draft comment letter in response to the Discussion Paper on Preliminary Views on Amendments to IAS 19 Employee Benefits

29/07/2008 Invitation to comment on EFRAG's assessments of IFRIC 15 - Real Estate Sales

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of IFRIC 15 Agreements for the Construction of Real Estate. It is consulting both on its assessment of the Amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the Amendments’ implementation in the EU. Comments are requested by 22 September 2008.

28/07/2008 EFRAG’s draft comment letter on the Exposure Draft of An improved Conceptual Framework for Financial Reporting

The ED (Chapter 1 The Objective of Financial Reporting, and Chapter 2 Qualitative Characteristics and Constraints of Decision-useful Financial Reporting Information) has been prepared as part of a joint project by the IASB and FASB and it sets out the boards´ proposal for the two first chapters of their proposed common framework. EFRAG´s general view of the ED is that it represents a significant improvement on the version that was set out in the earlier discussion paper. EFRAG does however still have concerns about aspects of the ED.

23/07/2008 Public Consultation on EFRAG enhancement

The Supervisory Board of EFRAG presents a proposal for the enhancement of EFRAG for public consultation. The proposal is the response to a call for strengthening the European contribution to the work of IASB. It includes a significant build up of staff resources, extended cooperation with National Standard Setters who are willing to contribute to the proactive work, a review of governance with the introduction of public policy members and increased transparency of the work of the Supervisory Board of EFRAG.

23/07/2008 IASCF Constitution Review

The IASCF Trustees have published on 21 July a discussion document containing proposals on the enhancements to the public accountability and the IASB composition dealt with in the first phase of the of the IASCF's five-yearly Constitution Review with a deadline for public comment of 20 September. The accountability of the IASCF is of high importance to Europe and therefore we call on all European stakeholders to submit comments to the IASCF Constitution Review Consultation.

23/07/2008 EFRAG's draft comment letter in response to the IASB's Invitation to Comment on the Discussion Paper on Reducing Complexity in Reporting Financial Instruments

EFRAG has issued its draft comment letter in response to the IASB's Invitation to Comment on the Discussion Paper Reducing Complexity in Reporting Finacial Instruments. Comments are invited by 18 September 2008. The letter can be downloaded here. Comments can be sent by email or via our website.

22/07/2008 EFRAG Update July 2008

The July edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

22/07/2008 EFRAG issues its Comment Letter on the IASB discussions about its agenda and priorities (MoU)

EFRAG noted that in recent months the IASB has been working on an update of the existing IASB/FASB Memorandum of Understanding to incorporate new milestones covering the period to 2011.

21/07/2008 Endorsement Status Report Update - 21 July 2008

In order to reflect the discussions of the last ARC meeting and EFRAG's recent publications, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

21/07/2008 EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRS 1 and IAS 27

EFRAG has completed its due process regarding the Amendments to IFRS 1 and IAS 27 “Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate” and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

16/07/2008 EFRAG TEG Public Conference Call

EFRAG will debate in a conference call on Thursday 17 July 2008 at 13:00h (Brussels time)

11/07/2008 European Statement on the current market turmoil

EFRAG takes very seriously the concerns some have about the role of financial reporting in the current market turmoil.

04/07/2008 EFRAG's Final Endorsement Advice and Effects Study Report on the Improvements to IFRSs

EFRAG has completed its due process regarding the Improvements to IFRSs and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

02/07/2008 EFRAG Annual Review 2007

EFRAG is happy to announce the release of its Annual Review 2007. You can download the pdf file here. Enjoy your reading!

30/06/2008 July 2008 EFRAG TEG Meetings

EFRAG announces that it will hold the next EFRAG TEG meetings on 9-10-11 July in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels.

27/06/2008 Roundtable on SME accounting in Europe

Comment letters, academic research and other input from Europe together with new evidence emerging from Field Tests in France, Germany and the UK of the ED-IFRS for SME's give interesting insights into the application of the proposed standard for SME's.
An event on this subject will be hosted by FEE on the 7 July 2008 from 14.15 till 17.00hrs at FEE offices in Brussels.

27/06/2008 EFRAG Update June 2008

The June edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

27/06/2008 EFRAG's draft comment letter in response to the IASB’s Invitation to Comment on the Discussion Paper Financial Instruments with Characteristics of Equity

EFRAG has issued its draft comment letter in response to the IASB's Invitation to Comment on the Discussion Paper Financial Instruments with Characteristics of Equity. Comments on the draft comment letter are invited by 5 September 2008. The letter can be downloaded here. Comments can be sent by email or via our website.

26/06/2008 EFRAG TEG - Public Conference Call

EFRAG will debate in a conference call on Monday 30 June 2008 at 09:00 AM (Brussels time).

20/06/2008 Endorsement Status Report Update - 20 June 2008

In order to reflect the discussions of the 19 June 2008 ARC meeting, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

19/06/2008 TEG - Public conference call

The EFRAG TEG will debate in a conference call on Tuesday 24 June 2008 at 16:00h (Brussels time).

18/06/2008 EFRAG meeting dates 2009

EFRAG has set its TEG and CFSS meeting dates for 2009. You will find them in our meetings calendar or you can download them below.

12/06/2008 EFRAG issues its Draft Comment Letter on the IASB discussions about its agenda and priorities (MoU)

EFRAG noted that in recent months the IASB has been working on an update of the existing IASB/FASB Memorandum of Understanding to incorporate new milestones covering the period to 2011.

06/06/2008 EFRAG's Final Comment Letter on D23 - Distributions of Non-cash assets to Owners

EFRAG has completed its due process regarding D23 - Distributions of Non-cash assets to Owners and has submitted its final comment letter to the IFRIC. The letter can be downloaded here.

30/05/2008 EFRAG requests comments on its initial technical assessment of the Amendments to IFRS 1 and IAS 27 Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate and its initial assessment of the costs and benefits

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the Amendments to IFRS 1 and IAS 27 Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate. It is consulting both on its assessment of the Amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the Amendments’ implementation in the EU. Comments are requested by 1 July 2008.

29/05/2008 June CFSS/TEG Meeting

EFRAG announces that it will hold its next Consultative Forum of Standard-Setters (CFSS), where EFRAG meets with all the European accounting standard-setters quarterly, on Wednesday 11 June 2008. The meeting will be followed by meetings of the EFRAG Technical Expert Group on 11, 12 and 13 June.

27/05/2008 TEG - Public conference call

The EFRAG TEG will debate in a conference call on Friday 30 May 2008 at 09:00 AM (Brussels time).

23/05/2008 EFRAG Update May 2008

The May edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

22/05/2008 EFRAG TEG member steps down

Manuel Garcia-Ayuso today resigned his membership of EFRAG TEG because of his work commitments. EFRAG would like to put on record its appreciation of and thanks for all Manuel’s hard work for EFRAG over the last 2 years.

22/05/2008 Endorsement Status Report Update 22 May 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

22/05/2008 EFRAG requests comments on its initial technical assessment of the Improvements to IFRSs and on its initial assessment of the costs and benefits that would arise from its application in the EU

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the Improvements to IFRSs (Amendments). It is consulting both on its assessment of the Amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 23 June 2008.

21/05/2008 TEG - Public conference call

The EFRAG TEG will debate in a conference call on Friday 23th May 2008 at 09:00 AM (Brussels time).

19/05/2008 Endorsement Status Report Update May 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

16/05/2008 EFRAG's Final Endorsement Advice and Effects Study Report on the Amendment to IAS 32 and IAS 1 - Puttable Financial Instruments and Obligations Arising on Liquidation

EFRAG has completed its due process regarding the Amendment to IAS 32 and IAS 1 - Puttable Financial Instruments and Obligations Arising on Liquidation and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

14/05/2008 EFRAG's Final Endorsement Advice and Effects Study Report on IFRIC 13 - Customer Loyalty Programmes

EFRAG has completed its due process regarding the Amendment to IFRIC 13 - Customer Loyalty Programmes and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

12/05/2008 EFRAG's Final Endorsement Advice and Effects Study Report on the Amendment to IFRS 2

EFRAG has completed its due process regarding the Amendment to IFRS 2 Share-based Payment: Vesting Conditions and Cancellations and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

09/05/2008 EFRAG's Final Comment Letter on D24 Customer Contributions

EFRAG has completed its due process regarding D24 Customer Contributions and has submitted its final comment letter to the IFRIC. The letter can be downloaded here.

29/04/2008 May 2008 EFRAG TEG Meetings

EFRAG announces that it will hold the next EFRAG TEG meetings on 7-8-9 May in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels

21/04/2008 Endorsement Status Report Update April 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

17/04/2008 EFRAG's Final Endorsement Advice on IAS 1 (Revised)

EFRAG has completed its due process regarding IAS 1 Presentation of Financial Statements and has submitted its endorsement advice letter and Effects Study Report to the European Commission.

17/04/2008 EFRAG's Final Endorsement Advice on IFRIC 14

EFRAG has completed its due process regarding IFRIC 14 'IAS 19 The Limits on a defined benefit asset, minimum funding requirements and their interaction' and has submitted its endorsement advice letter and Effects Study Report to the European Commission

17/04/2008 May 2008 EFRAG TEG meetings

EFRAG announces that it will hold the next EFRAG TEG meetings on 7-8-9 May 2008 in the EFRAG offices.

14/04/2008 EFRAG Update April 2008

The April edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

11/04/2008 EFRAG's Final Comment Letter on ED of Proposed Amendments to IFRS 2 and IFRIC 11

EFRAG has completed its due process regarding the Exposure Draft of Proposed Amendments to IFRS 2 'Share-based Payment Transactions' and IFRIC 11 'IFRS 2 - Group and Treasury Share Transactions': Group Cash-settled Share-based Payment Transactions and has submitted its final comment letter to the IASB. The letter can be downloaded here.

10/04/2008 Status of the views expressed in a recent article in the FT

On 3 April 2008, the Financial Times (the FT) published, in its Accountancy column, an article about the so-called credit crunch entitled ‘Reporting move could break the writedown spiral’. Although the article was written by three EFRAG TEG members, EFRAG would like to make it clear that EFRAG TEG has not discussed any of the issues raised in the article and therefore has not developed a view on them. The Chairmen of the EFRAG Supervisory Board and EFRAG TEG have written to the Editor of the FT to explain this. A copy of the letter can be downloaded here.

10/04/2008 June 2008 meetings of EFRAG & the European Standard-Setters (the CFSS) and of EFRAG TEG will be held in Prague

EFRAG announces that the June 2008 meetings (standard-setters meeting on 11 June, TEG meeting on 12 & 13 June) will be held in Prague, rather than Brussels.

09/04/2008 Convergence talks between EFRAG and the IASB

On 16 April 2008 an EFRAG delegation will meet with some IASB representatives in London in order to present European views on certain convergence topics. Besides discussing the work carried out by EFRAG and the IASB, current market and accounting issues will be discussed. Below you will find the agenda.

09/04/2008 Revised Regulation (EC) Nº 1606/2002 published in the Offical Journal of the EU

The new so called 'regulatory procedure with scrutiny', has been published in the Official Journal of the EU today and shall enter into force on the day following its publication in the Official Journal.

08/04/2008 EFRAG's Draft Comment Letter on D23 Distributions of Non-cash Assets to Owners

EFRAG has issued its Draft Comment Letter on IFRIC D23 Distributions of Non-cash Assets to Owners. Comments are invited on the draft letter by 9 May 2008. The letter can be downloaded here. Comments can be sent by email or via our website.

26/03/2008 EFRAG requests comments on the initial assessments of the Amendments to IAS 32 and IAS 1 Puttable Financial Instruments and Obligations arising on Liquidation that it has carried out as part of the EU endorsement process.

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the Amendments to IAS 32 and IAS 1 Puttable Financial Instruments and Obligations arising on Liquidation. It is consulting both on its assessment of the Amendments against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from the Amendments’ application in the EU. Comments are requested by 28 April 2008.

20/03/2008 TEG - Public conference call

The EFRAG TEG will debate in a conference call Tuesday 25th March 2008 at 11:00 AM (Brussels time).

18/03/2008 April CFSS/TEG Meeting

EFRAG announces that it will hold its next Consultative Forum of Standard-Setters (CFSS), where EFRAG meets with all the European accounting standard-setters quarterly, on Wednesday 2 April 2008. The meeting will be followed by meetings of the EFRAG Technical Expert Group on 3 and 4 April.

17/03/2008 TEG - Public conference call

The EFRAG TEG will debate in a conference call Wednesday 19th March 2008 at 16:30 PM (Brussels time).

14/03/2008 New Endorsement Process: The Council of the EU adopted on 3 March the text of the amendment of the IAS Regulation

It is expected that the revised Regulation (EC) Nº 1606/2002, introducing the new so called 'regulatory procedure with scrutiny', will be published in the Official Journal of the EU towards the end of March.

13/03/2008 EFRAG requests comments on its initial assessment of the costs and benefits of IFRIC 13

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of IFRIC 13 Customer Loyalty Programmes. The primary purpose is to request comments on EFRAG’s initial assessment of the costs and benefits involved. Comments are requested by 14 April 2008.

13/03/2008 EFRAG requests comments on its initial technical assessment of the Amendments to IFRS 2 and on its initial assessment of the costs and benefits that would arise from its application in the EU

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of the Amendment to IFRS 2 Share-based Payment: Vesting Conditions and Cancellations. It is consulting both on its assessment of the Amendment against the EU endorsement criteria and on its initial assessment of the costs and benefits that would arise from its application in the EU. Comments are requested by 14 April 2008.

12/03/2008 EFRAG's Draft Comment Letter on D24 Customer Contributions

EFRAG has issued its draft comment letter on D24 Customer Contributions. Comments are invited on the draft letter by 14 April 2008. The letter can be downloaded here. Comments can be sent by email or via our website.

12/03/2008 EFRAG Endorsement Status Report - March 2008 Update

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

11/03/2008 New EFRAG TEG Composition from 1 April 2008

The EFRAG Supervisory Board has approved the re-appointment to the EFRAG Technical Expert Group (EFRAG TEG) of the six members who had come to the end of their terms. It has also appointed Ms Françoise Flores as Vice Chair of EFRAG TEG.

10/03/2008 EFRAG Update March 2008

The March edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

07/03/2008 EFRAG's Final Comment Letter on ED of proposed amendments to IFRS 1 and IAS 27

EFRAG has completed its due process regarding the ED of Proposed Amendments to IFRS 1 First-Time Adoption of International Financial Reporting Standards and IAS 27 Consolidated and Separate Financial Statements: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate and has submitted its final comment letter to the IASB. The letter can be downloaded here.

29/02/2008 TEG - Public Conference Call

The EFRAG TEG will debate in a conference call Thursday 6th March 2008 at 11.00 AM (Brussels time).

22/02/2008 EFRAG's Final Comment Letter on the IASB’s Insurance Contracts Discussion Paper

EFRAG has completed its due process regarding the IASB Discussion Paper Insurance Contracts and has submitted its final comment letter to the IASB. The letter can be downloaded here.

20/02/2008 February EFRAG TEG Meeting

EFRAG announces that it will hold the next EFRAG TEG meeting on 27-28-29 February in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels

15/02/2008 EFRAG TEG Public Conference Call 15 February 2008

EFRAG TEG will debate today in a public conference call.

15/02/2008 EFRAG's Final Comment Letter on ED of Proposed Amendment to IAS 39 Financial Instruments: Recognition and Measurement Exposures Qualifying for Hedge Accounting

EFRAG has completed its due process regarding the Exposure Draft of Amendment to IAS 39 Financial Instruments: Recognition and Measurement “Exposures Qualifying for Hedge Accounting” and has submitted its final comment letter to the IASB. The letter can be downloaded here.

11/02/2008 EFRAG issues requests for comments on its initial assessments of the cost and benefits of implementing IAS 1 (Revised) and IFRIC 14 in the EU

EFRAG is today issuing an Invitation to Comment relating to the endorsement for use in the EU of IAS 1 (Revised) Presentation of Financial Statements and IFRIC 14 IAS 19 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction. The primary purpose is to request comments on EFRAG’s initial assessment of the costs and benefits involved.

07/02/2008 EFRAG's Final Comment Letter on ED of a Proposed IFRS for SMEs

EFRAG has completed its due process regarding the Exposure Draft of a Proposed IFRS for Small and Medium-sized Entities and has submitted its final comment letter to the IASB. The letter can be downloaded here.

06/02/2008 EFRAG's Draft Comment Letter on the Amendments to IFRS 2 and IFRIC 11 -Group Cash-settled Share-based Payment Transactions

EFRAG has issued its draft comment letter on the IASB's Exposure Draft of proposed amendments to IFRS 2 and IFRIC 11: Group Cash-settled Share-based Payment Transactions. Comments are invited on the draft letter by 14 March 2008. The letter can be downloaded here. Comments can be sent by email or via our website.

06/02/2008 EFRAG's Final Comment Letter on ED 9 Joint Arrangements

EFRAG has completed its due process regarding the Exposure Draft ED 9 Joint Arrangements and has submitted its final comment letter to the IASB. The letter can be downloaded here.

04/02/2008 TEG - Public Conference Call

The EFRAG TEG will debate in two public conference calls this week. The first conference call will be held on 5th February at 7.30 PM (Brussels time). The second conference call will be held on 6th February at 10.30 AM (Brussels time).

03/02/2008 EFRAG Update January 2008

The January edition of the EFRAG Update, which summarises the discussions held at the in the December 2007 and January 2008 EFRAG TEG meetings, has been published and can be downloaded here.

29/01/2008 EFRAG's Final Comment Letter on ED of Proposed Improvements to IFRS

EFRAG has completed its due process regarding the Exposure Draft of Proposed Improvements to International Financial Reporting Standards and has submitted its final comment letter to the IASB. The letter can be downloaded here.

23/01/2008 EFRAG Endorsement Status Report - January 2008 Update

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

15/01/2008 EFRAG website enhancements - RSS Feed & automatic newsletter

With the number of websites to monitor on a daily basis increasing dramatically, EFRAG has decided to provide its members and constituents with two easy to use tools in order to ensure that you remain abreast of developments at EFRAG. Finally, a new section on the EFRAG Annual Reviews has been added.

15/01/2008 EFRAG's draft comment letter on the IASB's Exposure Draft of proposed amendments to IFRS 1 and IAS 27: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate

EFRAG has issued its draft comment letter on the IASB's Exposure Draft of proposed amendments to IFRS 1 and IAS 27: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate. Comments are invited on the draft letter by 26 February 2008. The letter can be downloaded here. Comments can be sent by email or via our website.

07/01/2008 January TEG Meetings

EFRAG announces that it will hold the next TEG meetings on Wednesday, Thursday and Friday 16-18 January 2008. The three days will be held in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels. The meeting will be open for duly registered observers as of 11.00am and EFRAG reserves the right to have closed sessions at any point in time during the debates. In order to register, please send an e-mail with your details to info@efrag.org no later than 12 January 2008.

20/12/2007 EFRAG Season's Greetings

Click here to view.

07/12/2007 EFRAG's Final Comment Letter on IFRIC D21 Real Estate Sales

EFRAG has completed its due process regarding IFRIC D21 Real Estate Sales and has submitted its final comment letter to the IASB. The letter can be downloaded here.

07/12/2007 EFRAG's draft comment letter on the IASB's Exposure Draft 9 - Joint Arrangements

EFRAG has issued its draft comment letter on the IASB's Exposure Draft on Joint Arrangements. Comments are invited on the draft letter by 7 January 2007. The letter can be downloaded here. Comments can be sent by email or via our website.

06/12/2007 December CFSS/TEG Meeting

EFRAG announces that it will hold the next CFSS/TEG meeting on Mon-Tues-Wed 17-18-19 December. Day 1 will be held at BUSINESSEUROPE, 168 avenue de Cortenbergh - 1000 Brussels. Days 2-3 will be held in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels.

30/11/2007 EFRAG Update November 2007

The November edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

28/11/2007 EFRAG's draft comment letter on the IASB's Exposure draft of proposed amendments to IAS 39 Financial Instruments: Recognition and Measurement Exposures Qualifying for Hedge Accounting

EFRAG has issued its draft comment letter on the IASB's draft of proposed amendments to IAS 39 Financial Instruments: Recognition and Measurement Exposures Qualifying for Hedge Accounting. Comments are invited on the draft letter by 7 January 2007. The letter can be downloaded here. Comments can be sent by email or via our website.

26/11/2007 EFRAG Final Comment Letter on IFRIC D22 Hedges

EFRAG has completed its due process regarding IFRIC D22 Hedges of a Net Investment in a Foreign Operation and has submitted its final comment letter to the IASB. The letter can be downloaded here.

22/11/2007 Special TEG Meeting on SMEs

EFRAG announces that it will hold a special TEG meeting on SMEs on Fri 30 November in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels.

22/11/2007 EFRAG Endorsement Status Report - November Update

EFRAG has updated its Endorsement Status Report in order to reflect the recent developments in relation to the endorsement of IFRS 8.

16/11/2007 Removal of the SEC reconciliation requirement for foreign companies listed at US Stock Exchanges

Statement from Stig Enevoldsen, chairman of EFRAG

31/10/2007 November TEG Meeting

EFRAG announces that it will hold the next TEG meeting on Wed-Thur-Fri 07-08-09 November in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels.

29/10/2007 EFRAG Update October 2007

The October edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

29/10/2007 EFRAG's Draft Comment Letter on ED of Proposed Improvements to International Financial Reporting Standards

EFRAG has issued its draft comment letter on the IASB's Exposure Draft of Proposed Improvements to International Financial Reporting Standards. Comments are invited on the draft letter by 4 January 2008. The letter can be downloaded here. Comments can be sent by email or via our website.

24/10/2007 TEG - Public Conference Call

The EFRAG TEG will debate in a conference call tomorrow 25th October at 5.30 PM (Brussels time).

18/10/2007 Convergence talks between EFRAG and the IASB

On 15 October 2007 an EFRAG delegation met for the fourth time with representatives of the IASB in London to discuss issues relating to the IASB’s convergence projects and other topics. This meeting forms part of a consultation arrangement between the IASB and EFRAG.

16/10/2007 EFRAG Endorsement Status Report - Revised October Update

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

03/10/2007 October TEG Meeting

EFRAG announces that it will hold the next TEG meeting on Wed-Thur 10-11 October in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels.

03/10/2007 EFRAG's draft comment letter on the IASB's Insurance Contracts Discussion Paper

EFRAG has issued its draft comment letter on the IASB's Insurance Contracts Discussion Paper. Comments are invited on the draft letter by 23 November 2007. The letter can be downloaded here. Comments can be sent by email or via our website.

01/10/2007 EFRAG Endorsement Status Report - October Update

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

30/09/2007 EFRAG Update September 2007

The September edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG and CFSS meetings, has been published and can be downloaded here.

27/09/2007 Nominations for the EFRAG TEG

The present mandate period for six members of the EFRAG TEG will expire on March 31, 2008. At the time being the Nominating Committee of the EFRAG Supervisory Board expects that some reappointments will be recommended but that up to two new appointments will be made.

26/09/2007 EFRAG extends the comment period for its draft comment letter on the Exposure Draft of an IFRS for SMEs until 29 October 2007

EFRAG will then analyse the comments received and discuss them in a special EFRAG/FEE joint working group meeting and a special EFRAG TEG meeting, both of which will take place in November 2007.

19/09/2007 EFRAG Draft Comment Letter on IFRIC D22 Hedges of a Net Investment in a Foreign Operation

EFRAG has issued its draft Comment Letter on IFRIC D22 Hedges of a Net Investment in a Foreign Operation and invites comments until 19 October 2007. The letter can be downloaded here.

18/09/2007 EFRAG's Draft Comment Letter on D21 Real Estate Sales

EFRAG has issued its draft Comment Letter on D21 Real Estate Sales and invites comments on the draft by no later than 18 October 2007. The letter can be downloaded here. Comments can be sent by email or via our website.

14/09/2007 Draft Endorsement Advice on IAS 1 Revisions

EFRAG has issued its draft Endorsement Advice Letter on IAS 1 Revisions - Presentation of Financial Statements requirements and invites comments on the draft by no later than 15 October 2007. The letter can be downloaded here. Comments can be sent by email or via our website.

07/09/2007 IFRIC 13 Draft Endorsement Advice - Invitation to comment

EFRAG has issued its draft endorsement advice letter on IFRIC 13 Customer Loyalty Programmes and invites comments on the draft by no later than 7 October 2007. The letter can be downloaded here.

06/09/2007 EFRAG Endorsement Status Report - September Update

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

05/09/2007 New working group on Joint Venture established

EFRAG has established a working group on Joint Venture accounting to assist EFRAG in the development of comments to the Exposure Draft proposing amendments to IAS 31. EFRAG is pleased to announce the appointment of the following persons to the group:

29/08/2007 September CFSS/TEG Meeting

EFRAG announces that it will hold the next CFSS/TEG meeting on Wed-Fri 5-7 September. Day 1 will take place at BUSINESSEUROPE - 168 Avenue de Cortenbergh - 1000 Brussels and Days 2&3 in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels.

22/08/2007 EFRAG extends the comment period of its draft comment letter on the Exposure Draft of an IFRS for SMEs until 24 September 2007

When EFRAG issued its draft comment letter on the IASB's Exposure Draft of a proposed IFRS for SMEs, it asked for comments on the draft to be submitted by 31 August 2007.

31/07/2007 EFRAG Update - July 2007

The July edition of the EFRAG Update, which summarises the discussions held at the recent EFRAG TEG and CFSS meetings, has been published and can be downloaded here.

25/07/2007 Draft Endorsement Advice on IFRIC 14

EFRAG has issued its draft Endorsement Advice Letter on IFRIC 14 - The limit on a Defined Benefit Asset and the Minimum Funding requirements and invites comments on the draft by no later than 26 September 2007. The letter can be downloaded here.

20/07/2007 EFRAG wishes...

...everybody a pleasant and refreshing vacation period and looks forward to seeing you back in the next few weeks.

20/07/2007 EFRAG and the German and French standard-setters publish a discussion paper on Revenue Recognition

Over the next twelve months revenue recognition is likely to become a hotly debated topic globally. To encourage debate within Europe, EFRAG and the German standard-setter have prepared ‘Revenue Recognition—A European Contribution’. Comments on the paper’s discussion are now invited.

19/07/2007 EFRAG seeks members for its Financial reporting for interests in Joint Ventures Working Group

EFRAG has decided to set up a working group to elaborate on the impacts of the possible elimination of proportionate consolidation on financial reporting. The role of the Working Group is to assist EFRAG TEG in developing a response to the expected Exposure Draft on accounting for Joint Ventures.

17/07/2007 Revised Draft Comment Letter on IFRS for SMEs

EFRAG has reissued its draft Comment Letter on the Exposure Draft of the proposed IFRS for Small and Medium-sized Entities (ED IFRS for SMEs) with an amendment to the disclosure requirements and invites comments on the draft by no later than 31 August 2007. EFRAG’s key messages are:

16/07/2007 EFRAG decided to issue a positive DRAFT endorsement advice on IFRIC 14

During its July meeting, EFRAG discussed the final interpretation on The limit on a Defined Benefit Asset and the Minimum Funding requirements and tentatively concluded that it would support endorsement

13/07/2007 EFRAG decided to issue a positive DRAFT endorsement advice on IFRIC 13 - Customer Loyalty Programmes

During its July meeting, EFRAG discussed the final interpretation on Customer Loyalty Programmes and tentatively concluded that it would support endorsement.

09/07/2007 EFRAG Endorsement Status Report - July Update

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

05/07/2007 EFRAG Final Comment Letter on IAS 24

EFRAG has submitted its final comment letter on Proposed Amendments to IAS 24 Related Party Disclosures.

02/07/2007 July CFSS/TEG Meeting

EFRAG announces that it will hold the next TEG meeting on Wed-Fri 11-13 July. Day 1 will take place at BUSINESSEUROPE - 168 Avenue de Cortenbergh - 1000 Brussels and Days 2&3 in the EFRAG offices - 13/14 Avenue des Arts - 1210 Brussels.

29/06/2007 EFRAG User Panel Meeting

EFRAG members met yesterday for the third time with its User Panel and discussed the following topics:

28/06/2007 EFRAG Annual Review 2006

EFRAG is happy to announce the release of its Annual Review 2006. You can download here the pdf file. Enjoy your reading!

27/06/2007 EFRAG Update - June 2007

The June edition of the EFRAG Update, which summarises the discussions held at the May-June EFRAG TEG meeting, has been published and can be downloaded here.

25/06/2007 EFRAG and various European National Standard Setters publish a paper in strong support for stewardship as a core objective of financial reporting

The European Financial Reporting Advisory Group (EFRAG) and a number of other European accounting standard setters - under the lead of the Accounting Standards Board (ASB) - have today published a brief paper discussing the rationale for including stewardship, or directors’ accountability to shareholders, as a separate objective of financial reporting.

21/06/2007 EFRAG Endorsement Status Report - June Update

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

20/06/2007 EFRAG's Final Endorsement Advice on IAS23 Borrowing Costs Revised

EFRAG has completed its due process regarding IAS23 Borrowing Costs Revised and has submitted its endorsement advice letter to the European Commission. The letter can be downloaded here.

15/06/2007 Final EFRAG Comment Letter on Amendments to IFRS 1 Cost of an Investment in a Subsidiary

EFRAG has submitted its final comment letter on Amendments to IFRS 1 Cost of an Investment in a Subsidiary.

13/06/2007 Special TEG Meeting on Insurance

EFRAG announces that it will hold a special 1-day TEG meeting on Insurance on Monday 25th June in the CEA offices 29 Square de Meeûs 1000 Brussels.

12/06/2007 EC publishes follow-up questionnaires to the general questionnaire on IFRS 8

The follow-up questions seek more specified input regarding the cost-benefit ratio of changing from IAS 14 to IFRS 8 in particular from a preparer's and user's perspective.

08/06/2007 Update of website structure

In order to more appropriately show the importance EFRAG assigns to the Proactive Accounting Activities in Europe (PAAinE), it has been decided to create a new main menu item called 'PAAinE', summarising all PAAinE activities.

08/06/2007 EFRAG TEG Meeting Dates 2008

EFRAG announces that it has set its TEG meeting dates for 2008. You can download them here.

04/06/2007 EU analysis of impact of IFRS 8 Operating Segments questionnaire

As part of the endorsement process of IFRS 8 the European Commission is seeking further input before finalising a report on the potential impact of endorsement for submission to the European Parliament in September 2007.

04/06/2007 EFRAG Endorsement Status Report - June Update

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

30/05/2007 EFRAG decides to issue positive endorsement advice on Amendments to IAS 23 Borrowing Costs

In its meeting today, EFRAG discussed the comment letters received on the draft endorsement advice on Amendments to IAS 23 and concluded after lengthy debate to issue soon a positive endorsement advice letter.

29/05/2007 Final EFRAG Comment letter on Fair Value Measurements

EFRAG has submitted its final comment letter on Fair Value Measurements.

21/05/2007 May-June TEG Meeting

EFRAG announces that it will hold the next TEG meeting on Wednesday 30th May & Thursday 31st May in the EFRAG offices 13/14 Avenue des Arts 1210 Brussels and on Friday 1 June at CEA, Square de Meeûs 29, 1000 Brussels.

16/05/2007 EFRAG Update - April 2007

The April edition of the EFRAG Update, which summarises the discussions held at the April EFRAG TEG meeting, has been published and can be downloaded here.

04/05/2007 Endorsement Status and IFRS 8 - Operating Segments (The new IASB Standard on Segment Reporting)

We have updated our Endorsement Status report to reflect the news that the European Parliament has in effect postponed its decision on the endorsement of IFRS 8 - Operating Segments - until at least September 2007.

25/04/2007 Draft Endorsement Advice on IAS 23 Borrowing costs

EFRAG has issued its draft Endorsement Advice Letter on IAS 23 Borrowing Costs (revised) and invites comments on the draft by no later than 25 May 2007. The letter can be downloaded here.

24/04/2007 EFRAG Draft Comment Letter on IAS 24

EFRAG has issued its draft Comment Letter on IAS 24 Related Party Disclosures and invites comments on the draft by no later than 24 May 2007. Click here to download the document.

19/04/2007 Draft Comment Letter on IFRS for SMEs

EFRAG has issued its draft Comment Letter on the Exposure Draft of the proposed IFRS for Small and Medium-sized Entities (ED IFRS for SMEs) and invites comments on the draft by no later than 31 August 2007. EFRAG’s key messages are:

18/04/2007 Convergence talks between EFRAG and the IASB

On 17 April 2007 an EFRAG delegation met for the third time with representatives of the IASB in London to discuss issues relating to certain convergence topics. This meeting forms part of a consultation arrangement between the IASB and EFRAG.

17/04/2007 April TEG Meeting

EFRAG announces that it will hold the next TEG meeting from Wednesday 25th April to Friday 27th April. All three days will take place at Deloitte Denmark Weidekampsgade 6 DK-2300 Copenhagen S.

16/04/2007 European views on equity/liability classification

At the joint IASB and FASB meeting on 23 April, staff of the German standard-setter will be presenting some European views on a possible new approach to equity/liability classification. The views have been developed through the Pro-active Accounting Activities in Europe (PAAinE) Initiative of EFRAG and the European National Standard Setters.

04/04/2007 Convergence talks between EFRAG and the IASB

On 17 April 2007 an EFRAG delegation will meet with IASB representatives in London in order to present European views on certain convergence topics.

23/03/2007 EFRAG's Final Endorsement Advice on IFRIC 12

EFRAG has completed its due process regarding IFRIC 12 Service Concession Arrangements and has submitted its endorsement advice letter to the Commission. The letter can be downloaded here.

21/03/2007 EFRAG Update - March 2007

The March edition of the EFRAG Update, which summarises the discussions at the recent EFRAG TEG and CFSS meetings, has been published and can be downloaded here.

09/03/2007 EFRAG decides to issue positive endorsement advice on IFRIC 12

In its meeting today, EFRAG discussed the comment letters received on the draft endorsement advice on IFRIC 12 Service Concession Arrangements and concluded after lengthy debate to issue a positive endorsement advice letter.

08/03/2007 March TEG Meeting

EFRAG announces that it will hold the next CFSS/TEG meeting from Wednesday 14th March to Thursday 15th March. The first day (CFSS) will take place at BUSINESSEUROPE 168 Avenue de Cortenbergh 1000 Brussels and the second in the EFRAG offices 13/14 Avenue des Arts 1210 Brussels. More.

01/03/2007 Draft Comment Letter on IFRS 1 Cost of an Investment

EFRAG has issued its draft Comment Letter on IFRS 1 First-Time Adoption of International Financial Reporting Standards: Cost of an Investment in a Subsidiary and invites comments on the draft by no later than 19 April 2007. The letter can be downloaded here.

01/03/2007 Draft Comment Letter on Fair Value Measurements

EFRAG has issued its draft Comment Letter on the IASB DP Fair Value Measurements and invites comments on the draft by no later than 19 April 2007. The letter can be downloaded here.

21/02/2007 New TEG Composition as of 1 April 2007

The EFRAG Supervisory Board has approved the following composition of the EFRAG Technical Expert Group based on a proposal from the Nominating Committee:

21/02/2007 EFRAG Update - February 2007

The February edition of the EFRAG Update, which summarises the discussions at the recent EFRAG TEG meeting, has been published and can be downloaded here.

19/02/2007 Next TEG meetings - locations

EFRAG announces that its 14-15 March CFSS/TEG meeting (2 days) will take place in Brussels whilst its 25-27 April TEG meeting will be held in Copenhagen.

15/02/2007 TEG Special Meeting on Concessions on 9 March

EFRAG announces that it will hold an extra TEG meeting on Friday 9th March in its offices 13/14 Avenue des Arts in 1210 Brussels. A half-day will be devoted to Service Concessions.

12/02/2007 EFRAG issues draft endorsement advice on IFRIC 12

After having announced earlier (24.1.2007) that a positive draft endorsement advice would be issued soon, EFRAG has today issued its draft endorsement advice on IFRIC 12 Service Concession Arrangments for comment.

06/02/2007 February TEG Meeting

EFRAG announces that it will hold the next TEG meeting from Wednesday 14th February to Friday 16th February in the EFRAG offices 13/14 Avenue des Arts 1210 Brussels.

05/02/2007 Update from February ARC meeting

During its February meeting the ARC voted in favour of endorsement of IFRS 8, IFRIC 10 and IFRIC 11.
Consequently, EFRAG updated its Endorsement Status Report.

02/02/2007 EFRAG launches new website

EFRAG has launched its new website on www.efrag.org

25/01/2007 EFRAG Update - January 2007

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

24/01/2007 EFRAG decides to issue positive draft endorsement advice on IFRIC 12

EFRAG discussed yesterday at its extraordinary meeting again its draft endorsement advice on IFRIC 12 - Service Concesson Arrangements

18/01/2007 EFRAG's Final Endorsement Advice on IFRIC 11

EFRAG has submitted its final endorsement advice on IFRIC 11 IFRS 2 Group and Treasury Share Transactions.

18/01/2007 IFRIC 12 Draft Endorsement Advice Comment Letter withdrawn

Due to uncertainties as to the current position of EFRAG members on the endorsement of IFRIC 12, it has been decided to withdraw the previously issued Draft Endorsement Advice.

17/01/2007 EFRAG has issued its Framework DP comment letter to the IASB

EFRAG has completed its due process with respect to its comment letter on the IASB Discussion Paper Preliminary Views on an improved Conceptual Framework for Financial Reporting: The Objective of Financial Reporting and Qualitative Characteristics of Decision-useful Financial Reporting Information.

16/01/2007 EFRAG's Final Endorsement Advice on IFRS 8

EFRAG has submitted its final endorsement advice on IFRS 8 Operating Segments.

03/01/2007 EFRAG TEG January 2007 Meeting

EFRAG announces its next TEG meetings on 10-12 January 2007. The running order can be downloaded here.

22/12/2006 EFRAG wishes

EFRAG Season's Greetings...

20/12/2006 EFRAG Endorsement Advice Letter on IFRIC 10

EFRAG has completed its due process regarding IFRIC 10 Interim Financial Reporting and Impairment and has submitted its endorsement advice letter to the Commission. The letter can be downloaded here.

20/12/2006 EFRAG reissues its IFRIC 11 draft endorsement advice letter. Comments invited by 7 January 2007

On 7 December EFRAG issued its draft endorsement advice on IFRIC 11 IFRS 2 Group and Treasury Share Transactions for comment.

20/12/2006 EFRAG Endorsement Status Report - Update

After today's publication of the final endorsement advice on IFRIC 10, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

13/12/2006 EFRAG Update December 2006

The December edition of EFRAG Update, which summarises the discussions at the recent EFRAG CFSS/TEG meeting, has been published and can be downloaded here.

07/12/2006 EFRAG issues its draft endorsement advice on IFRIC 11

EFRAG has today issued its draft endorsement advice on IFRIC 11 IFRS 2 Group and Treasury Share Transactions for comment. That draft advice is that IFRIC 11 should be endorsed for use in the EU.

06/12/2006 Draft endorsement advice on IFRS 8

EFRAG has issued its draft Endorsement Advice Letter on IFRS 8 Operating Segments and invites comments on the draft by no later than 5 January 2007. The letter can be downloaded here.

28/11/2006 Final EFRAG comment letter on IFRIC D20 Customer Loyalty Programmes

EFRAG has submitted its comment letter on IFRIC D20 Customer Loyalty Programmes.

27/11/2006 European Discussion Paper on Performance Reporting

EFRAG and ICAC are publishing a Discussion Paper on Performance Reporting entitled 'What (if anything) is wrong with the good old income statement?'

24/11/2006 Final Comment Letter on IFRIC D19 IAS19 – The Asset Ceiling : Availability of Economic Benefits and Minimum Funding Requirements

EFRAG has submitted its comment letter on IFRIC D19 IAS19 – The Asset Ceiling: Availability of Economic Benefits and Minimum Funding Requirements.

17/11/2006 Final Comment Letter on ED of Proposed Amendments to IAS23 - Borrowing Costs

EFRAG has submitted its comment letter on the ED of proposed amendments to IAS 23 – Borrowing costs.

16/11/2006 EFRAG Update November 2006

The November edition of EFRAG Update, which summarises the discussions at the recent EFRAG TEG meeting, has been published and can be downloaded here.

16/11/2006 European Discussion paper on elements of the Framework debate

EFRAG and CNC are publishing the first Discussion Paper under the auspices of the Pro-active Accounting Activities in Europe (PAAinE).

09/11/2006 EFRAG User Panel established

The User Panel has been established to assist the EFRAG Technical Experts Group (TEG) in its work by providing input from the user community on comment letters, endorsement advice, long-term proactive work carried out by EFRAG itself and the projects carried out in connection with the Proactive Accounting Activities in Europe in partnership with the European standard setters and issues dealt with in the EFRAG Working Groups.

06/11/2006 EFRAG - 3rd Advisory Forum October 2006 - Summary

EFRAG recently held its third Advisory Forum on Revenue Recognition, the aim of which was to debate and obtain input from high-level representatives of key stakeholders (such as preparers, users, standard setters, regulators and auditors) on this topical issue.

31/10/2006 Convergence talks between EFRAG and the IASB

On 17 October 2006 EFRAG met with the IASB in London in order to present the European view on certain convergence topics. This was the second meeting of that kind, being part of a consultation arrangement between the IASB and EFRAG.

24/10/2006 IASB Discussion paper on the Conceptual Framework

In order to further the debate on the IASB Discussion paper, EFRAG has posted on its website a recently prepared ASB staff paper on Stewardship. EFRAG invites comment on its draft Comment Letter no later than 31st October 2006.

23/10/2006 Final Comment Letter on ED on puttable instruments

EFRAG submitted its comment letter on ED of proposed amendements on IAS 32 and IAS 1 - Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation

15/10/2006 EFRAG October Update

The October edition of EFRAG Update, which summarises the discussions at the recent EFRAG TEG meeting, has been published and can be downloaded here.

03/10/2006 IFRIC Due Process Handbook comment letter published

EFRAG Supervisory Board has completed its due process regarding the IFRIC Draft Due Process Handbook published by the IASC Foundation, and has submitted its comment letter to the IASC Foundation.

29/09/2006 Appointments to the EFRAG TEG

The present mandate period for six members of the EFRAG TEG will expire on March 31, 2007. At the time being the Nominating Committee of the EFRAG Supervisory Board expects that some reappointments will be recommended but that up to three new appointments will be made.

28/09/2006 EFRAG Third Advisory Forum on Revenue Recognition - 18th October in Brussels - Panel Member

EFRAG is pleased to confirm the facilitator and speakers.

12/09/2006 September TEG meeting - EFRAG update

The September edition of EFRAG Update, which summarises the discussions at the recent EFRAG TEG meeting, has been published and can be downloaded here

01/09/2006 IFRIC 10 Interim Financial Reporting and Impairment

EFRAG finalised its draft Endorsement Advice Letter and invites for comments no later than 6 October 2006.

25/08/2006 EFRAG/CNC Meeting on Conceptual Framework in Paris – 22 September

EFRAG is pleased to announce that a round table on the first two chapters of the Conceptual Framework will be held in Paris on 22 September next.

23/08/2006 Appointment of a new TEG member

The EFRAG Supervisory Board has appointed a new member to the EFRAG Technical Expert Group (TEG): Mr Roberto Monachino

22/08/2006 EFRAG is seeking candidates for its new USER PANEL

EFRAG has decided to establish a User Panel to assist the EFRAG Technical Experts Group (TEG) in its work.