European Financial Reporting Advisory Group

Current Projects

Project Name

Project status

Project responsible

Amendments to IAS 28 Equity Method: Share of other net asset changes

Final Comment Letter

Benjamin Reilly

Amendments to IFRS 11 - Acquisition of an Interest in a Joint Operation

Draft Comment Letter

Anna Vidal

Bulletin: Prudence

Discussion Paper

Rasmus Sommer

Bulletin: Reliability of financial information

Discussion Paper

Rasmus Sommer

Bulletin: Uncertainty

Discussion Paper

Rasmus Sommer

Clarification of Acceptable Methods of Depreciation and Amortisation

Final Comment Letter

Giorgio Alessio Acunzo

Classification and Measurement: Limited Amendments to IFRS 9

Final Comment Letter

Anna Vidal

Consolidation - Investment Entities

Final Endorsement Advice

Panagiotis Papadopoulos

Consolidation - Joint Arrangements and related standards

Final Endorsement Advice

Isabel Batista

Consolidation - Transition Guidance (Proposed amendments to IFRS 10)

Final Endorsement Advice

Apostolena Theodosiou

Consultation on long-term investing activities business models

Discussion Paper

Ralitza Ilieva

DP Conceptual Framework (elements, measurement, reporting entity and presentation and disclosure)

Seed

Rasmus Sommer

ED Revenue from Contracts with Customers (re-exposure)

Final Comment Letter

Rasmus Sommer

EFRAG: Emission Trading Schemes

Draft Comment Letter

Filippo Poli

Financial Instruments (Replacement of IAS 39): Impairment - 2013 Exposure Draft

Draft Comment Letter

Panagiotis Papadopoulos

IAS 19 Amendments - Defined Benefit Plans: Employee Contributions

Draft Comment Letter

Apostolena Theodosiou

IAS 36: Recoverable Amounts - Disclosures for Non-Financial Assets

Final Comment Letter

Giorgio Alessio Acunzo

IAS 39 Replacement: Hedge Accounting

Final Comment Letter

Marc Labat

IAS 41 Agriculture - Bearer Plants

Seed

Robert Stojek

IASB Annual Improvements Project 2010-2012 cycle

Final Comment Letter

Giorgio Alessio Acunzo

IASB Annual Improvements Project 2011-2013 cycle

Final Comment Letter

Giorgio Alessio Acunzo

IFRIC - Put options written over Non-Controlling Interests

Final Comment Letter

Benjamin Reilly

IFRIC - Restructuring of Greek government bonds

Final Comment Letter

Panagiotis Papadopoulos

IFRIC Interpretation 21 - Levies

Final Comment Letter

Filipe Camilo Alves

IFRS 1 Amendment: Severe Hyperinflation

Final Endorsement Advice

Anna Vidal

IFRS 8 - Post-Implementation Review

Final Comment Letter

Benjamin Reilly

Insurance Contracts phase II

Final Comment Letter

Ralitza Ilieva

Leases - 2013 Exposure Draft

Seed

Filippo Poli

Novation of OTC derivatives and continued designation for hedge accounting (proposed amendments to IAS 39 and IFRS 9)

Final Comment Letter

Ralitza Ilieva

Proactive - A Disclosure Framework for the notes to the financial statements

Discussion Paper

Filippo Poli

Proactive - Business Combinations under Common Control

Discussion Paper

Sigvard Heurlin

Proactive - Financial Reporting for Corporate Income Taxes

Discussion Paper

Isabel Batista

Proactive - Goodwill impairment and amortisation

Seed

Rasmus Sommer

Proactive - Separate Financial Statements prepared under IFRS

Seed

Sigvard Heurlin

Proactive - The Role of the Business Model in Financial Statements

Seed

Jeff Waldier

Proactive - Use of Financial Statements

Seed

Rasmus Sommer

Proposal to Establish an Accounting Standards Advisory Forum

Final Comment Letter

Michel Sibille

Questionnaire on goodwill impairment and amortisation

Seed

Rasmus Sommer

Rate-regulated activities (2012)

Seed

Giorgio Alessio Acunzo

Regulatory Deferral Accounts - Interim Standard on RRA

Discussion Paper

Giorgio Alessio Acunzo

Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

Final Comment Letter

Filipe Camilo Alves

Completed/Past Agenda Projects

Project Name

Project status

Project responsible

Amendments to IAS 1 - Presentation of Items of Other Comprehensive Income

Published in Official Journal

Pieter Dekker

Amendments to IAS 12 Deferred Tax (2010): Recovery of Underlying Assets

Published in Official Journal

Isabel Batista

Amendments to IAS 19 Employee Benefits: Defined Benefit Plans ED

Published in Official Journal

Anna Vidal

Amendments to IFRS 7 Financial Instruments: Disclosures - Transfers of Financial Assets (previously 'Derecognition')

Published in Official Journal

Chiara Del Prete

Autumn 2012 Outreach Events

Seed

Benjamin Reilly

CESR Equivalence Project

Final Comment Letter

Paul Ebling

CESR Recommendation on Alternative Performance Indicators

Final Comment Letter

Paul Ebling

CESR Statement Fair value measurement and related disclosures of financial instruments in illiquid markets

Final Comment Letter

Paul Ebling

CICA DP: Toward a Measurement Framework for Financial Reporting by Profit-Oriented Entities

Final Comment Letter

Rasmus Sommer

Compatibility Analysis IFRS for SMEs and the Council Directives

Final Comment Letter

Rasmus Sommer

Conceptual Framework (joint project FASB / IASB) - Phase A Objectives and qualitative characteristics

Final Comment Letter

Sigvard Heurlin

Conceptual Framework (joint project FASB / IASB) - Phase B liability definition, including the distinction between a liability and a business risk

Seed

Sigvard Heurlin

Conceptual Framework (joint project FASB / IASB) - Phase C Measurement

Seed

Sigvard Heurlin

Conceptual Framework (joint project FASB / IASB) - Phase D Reporting entity

Final Comment Letter

Sigvard Heurlin

Conceptual Framework for Financial Reporting: The Reporting Entity ED

Final Comment Letter

Joaquin Sanchez-Horneros

Consistent Application of IFRS - EFRAG Discussion Paper

Final Comment Letter

Paul Ebling

Credit Risk in Liability Measurement

Draft Comment Letter

Marius Van Reenen

Criteria for Annual Improvements to IFRSs

Final Comment Letter

Saskia Slomp

DP Fair Value Measurements

Final Comment Letter

Irina Ipatova

DP Preliminary Views on Financial Statement Presentation

Final Comment Letter

Ales Novak

Due Process of IASB - Draft Handbook of Consultative Arrangements

Final Comment Letter

Paul Ebling

Due Process of IFRIC - Draft Due Process Handbook

Final Comment Letter

Paul Ebling

ED Discontinued Operations (Proposed amendments to IFRS 5)

Final Comment Letter

Irina Ipatova

ED Mandatory Effective Date of IFRS 9

Final Comment Letter

Marc Labat

ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements

Final Comment Letter

Irina Ipatova

ED on Measurement of Liabilities in IAS 37

Final Comment Letter

Filippo Poli

ED Revenue from Contracts with Customers

Final Comment Letter

Rasmus Sommer

EFRAG Enhancement

Discussion Paper

Nathalie Saintmard

EFRAG European Outreach on Proactive Discussion Papers 'Improving Financial reporting of Income Tax' project and on 'Accounting for Business Combination Under Common Control' Project

Seed

Giorgio Alessio Acunzo

EFRAG Outreach on Financial Statement Presentation project

Draft Comment Letter

Irina Ipatova

EFRAG procedures

Seed

Stig Enevoldsen

EFRAG/ANC staff paper on the definition of an asset

Final Comment Letter

Rasmus Sommer

Endorsement of existing standards as at 1 March 2002

Published in Official Journal

Paul Ebling

ESMA Consultation Paper - Considerations of materiality in financial reporting

Final Comment Letter

Michel Sibille

European field-testing of the IASB ED Revenue from Contracts with Customers

Final Comment Letter

Rasmus Sommer

European outreach meetings on the IASB agenda consultation

Seed

Anna Vidal

European Outreach on the IASB’s main projects

Draft Comment Letter

Irina Ipatova

Extractive Activities

Final Comment Letter

Pieter Dekker

FEE paper on 'Reporting Issues in relation to Endorsed IFRSs and Possible Implications for the Audit Report'

Final Comment Letter

Paul Ebling

Financial crisis

Final Comment Letter

Paul Ebling

Financial Instruments

Seed

Chiara Del Prete

Financial Instruments - Asset Liability offsetting

Published in Official Journal

Ralitza Ilieva

Financial Instruments (Replacement of IAS 39): Impairment - 2009 Exposure Draft

Final Comment Letter

Panagiotis Papadopoulos

Financial Instruments (Replacement of IAS 39): Impairment - 2011 Supplementary Document

Final Comment Letter

Panagiotis Papadopoulos

Financial Instruments with Characteristics of Equity - Replacement of IAS 32

Seed

Chiara Del Prete

Financial Statement Presentation

Seed

Pieter Dekker

IAS 1 Amendments - Presentation of Financial Statements: Capital Disclosures

Published in Official Journal

Paul Ebling

IAS 12 Amendments - Income Taxes: Short Term Convergence

Final Comment Letter

Isabel Batista

IAS 19 Amendments - Discount Rate for Employee Benefits

Final Comment Letter

Joaquin Sanchez-Horneros

IAS 19 Amendments - Employee Benefits: Actuarial Gains and Losses, Group Plans and Disclosures

Published in Official Journal

Paul Ebling

IAS 19 Amendments - Employee Benefits: The Asset Ceiling

Published in Official Journal

Paul Ebling

IAS 21 Amendments - The Effects of Changes in Foreign Exchange Rates: Net Investment in a Foreign Operation

Published in Official Journal

Paul Ebling

IAS 23 Amendments - Borrowing Costs

Published in Official Journal

Nasreen Vadachia

IAS 24 amendments 'Relationships with the State'

Published in Official Journal

Isabel Batista

IAS 27 Separate Financial Statements (amended 2011)

Published in Official Journal

Isabel Batista

IAS 28 Investments in Associates and Joint Ventures (amended 2011)

Published in Official Journal

Isabel Batista

IAS 32 Amendment - Classification of Rights Issues

Published in Official Journal

Kristy Robinson

IAS 32 Amendments - Financial Instruments: Disclosure and Presentation

Published in Official Journal

Nico Deprez

IAS 32 Amendments - Financial Instruments: Presentation and IAS 1 Amendments - Presentation of Financial Statements: Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation

Published in Official Journal

Svetlana Boysen

IAS 33 - Earnings per Share (Simplifying EPS)

Final Comment Letter

Rasmus Sommer

IAS 36 Amendments - Impairment of Assets and IAS 38 Amendments - Intangible Assets: Business Combinations Phase I

Published in Official Journal

Paul Ebling

IAS 37 and IAS 19 Amendments - Business Combinations Phase II

Final Comment Letter

Filippo Poli

IAS 39 Amendments - Financial Instruments: Recognition and Measurement: Cash Flow Hedge Accounting of Forecast Intragroup Transactions

Published in Official Journal

Nico Deprez

IAS 39 Amendments - Financial Instruments: Recognition and Measurement: Phase 1 (incl. Carve Out)

Published in Official Journal

Paul Ebling

IAS 39 Amendments - Financial Instruments: Recognition and Measurement: The Fair Value Option

Published in Official Journal

Nico Deprez

IAS 39 Amendments - Financial Instruments: Recognition and Measurement: Transition and Initial Recognition of Financial Assets and Financial Liabilities

Published in Official Journal

Nico Deprez

IAS 39 Amendments Exposures Qualifying for Hedge Accounting

Published in Official Journal

Svetlana Boysen

IAS 39 and IFRS 4 Amendments - Financial Guarantee Contracts

Published in Official Journal

Nico Deprez

IAS 39 and IFRS 7 Amendments: Reclassification of Financial Instruments

Published in Official Journal

Svetlana Boysen

IAS 39 and IFRS 7 UPDATE to Amendments: Reclassification of Financial Assets 'Effective Date and Transition'

Published in Official Journal

Svetlana Boysen

IAS 39 Replacement - Impairment of Financial Assets (Request for Information)

Final Comment Letter

Kristy Robinson

IASB Agenda Consultation 2011

Final Comment Letter

Ralitza Ilieva

IASB Annual Improvement Project 2007

Published in Official Journal

Sven Morich

IASB Annual Improvements Project 2008

Published in Official Journal

Stuart Studsrud

IASB Annual Improvements Project 2009

Published in Official Journal

Stuart Studsrud

IASB Annual Improvements Project 2009-2011 cycle

Published in Official Journal

Giorgio Alessio Acunzo

IASB Policy on Technical Corrections

Final Comment Letter

Paul Ebling

IASB Request for views: Effective Dates and Transition Methods

Final Comment Letter

Joaquin Sanchez-Horneros

IASB Work Programme

Final Comment Letter

Paul Ebling

IASCF - Constitutional Review - concluded June 2005

Final Comment Letter

Paul Ebling

IASCF - Constitutional Review - Concluded June 2010

Final Comment Letter

Paul Ebling

IASCF - Review of the Constitution Part II

Final Comment Letter

Nathalie Saintmard

IFRIC - Agenda Committee Issues

Seed

Paul Ebling

IFRIC - Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies

Published in Official Journal

Paul Ebling

IFRIC - Changes in Contributions to Employee Share Purchase Plans

Final Comment Letter

Paul Ebling

IFRIC - Changes in Existing Decommissioning, Restoration and Similar Liabilities

Published in Official Journal

Paul Ebling

IFRIC - Customer Loyalty Programmes

Published in Official Journal

Gregory Hodgkiss

IFRIC - Emission Rights

Final Endorsement Advice

Charlotte Norre

IFRIC - Employee Benefit Plans with a Promised Return on Contributions or Notional Contributions

Final Comment Letter

Paul Ebling

IFRIC - Group and Treasury Share Transactions

Published in Official Journal

Isabel Batista

IFRIC - Hedges of a Net Investment in Foreign Operation

Published in Official Journal

Svetlana Boysen

IFRIC - IAS 19—The Asset Ceiling: Availability of Economic Benefits and Minimum Funding Requirements

Published in Official Journal

Nasreen Vadachia

IFRIC - Interim Financial Reporting and Impairment

Published in Official Journal

Paul Ebling

IFRIC - Members’ Shares in Co-operative Entities

Published in Official Journal

Paul Ebling

IFRIC - Multi-employer plans

Final Comment Letter

Paul Ebling

IFRIC - Reassessment of Embedded Derivatives

Published in Official Journal

Paul Ebling

IFRIC - Rights to Interests Arising from Decommissioning, Restoration and Environmental Rehabilitation Funds

Published in Official Journal

Paul Ebling

IFRIC - Scope of IFRS 2

Published in Official Journal

Paul Ebling

IFRIC - Scope of SIC 12

Published in Official Journal

Paul Ebling

IFRIC - Waste Electrical and Electronic Equipment

Published in Official Journal

Paul Ebling

IFRIC 12 - Service Concession Arrangements

Published in Official Journal

Thomas Oversberg

IFRIC 14 - Amendment Prepayments of a Minimum Funding Requirements

Published in Official Journal

Jeff Waldier

IFRIC 15 - Real Estate Sales

Published in Official Journal

Rasmus Sommer

IFRIC 17 - Distributions of Non-cash Assets to Owners

Published in Official Journal

Isabel Batista

IFRIC 18 - Transfers of Assets from Customers

Published in Official Journal

Isabel Batista

IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments

Published in Official Journal

Chiara Del Prete

IFRIC 9 and IAS 39 amendments 'Embedded Derivatives'

Published in Official Journal

Svetlana Boysen

IFRIC 9 and IFRIC 16 proposed amendments

Published in Official Journal

Chiara Del Prete

IFRIC Interpretation 20 - Stripping Cost in the Production Phase of a Surface Mine

Published in Official Journal

Giorgio Alessio Acunzo

IFRS 1 - First Time Adoption of IFRSs: Restructured Version

Published in Official Journal

Jeff Waldier

IFRS 1 amendment Limited Exemption from Comparative IFRS 7 Disclosure for First time Adopters

Published in Official Journal

Stuart Studsrud

IFRS 1 Amendment: Government Loans

Published in Official Journal

Giorgio Alessio Acunzo

IFRS 1 Amendment: Removal of Fixed Dates for First-time Adopters

Published in Official Journal

Anna Vidal

IFRS 1 Amendments - Cost of an Investment in a Subsidiary in the Separate Financial Statements of a Parent on First Time Adoption of IFRSs

Published in Official Journal

Charlotte Norre

IFRS 1 Amendments: Additional Exemptions for First-Time Adopters

Published in Official Journal

Jeff Waldier

IFRS 1 and IAS 27 Amendments - Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate

Published in Official Journal

Charlotte Norre

IFRS 1 and IFRS 6 Amendments

Published in Official Journal

Paul Ebling

IFRS 10 Consolidated Financial Statements

Published in Official Journal

Isabel Batista

IFRS 11 Joint Arrangements

Published in Official Journal

Isabel Batista

IFRS 12 Disclosure of Interests in Other Entities

Published in Official Journal

Isabel Batista

IFRS 13 Fair Value Measurement

Published in Official Journal

Michel Sibille

IFRS 2 - Share-based Payment

Published in Official Journal

Paul Ebling

IFRS 2 Amendments - Share-based Payments: Vesting Conditions and Cancellations

Published in Official Journal

Sven Morich

IFRS 2: Amendments to IFRS 2 and IFRIC 11 : Group cash-settled share-based payment arrangements

Published in Official Journal

Filippo Poli

IFRS 3 - Business Combinations

Published in Official Journal

Paul Ebling

IFRS 3 - Business Combinations Phase II

Published in Official Journal

Isabel Batista

IFRS 3 Business Combinations Amendments - Combinations by Contract Alone or Involving Mutual Entities

Final Comment Letter

Isabel Batista

IFRS 4 - Insurance Contracts

Published in Official Journal

Paul Ebling

IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations

Published in Official Journal

Paul Ebling

IFRS 6 - Exploration for and Evaluation of Mineral Resources

Published in Official Journal

Paul Ebling

IFRS 7 - Financial Instruments: Disclosures

Published in Official Journal

Paul Ebling

IFRS 7 amendments 'Investments in Debt Instruments'

Final Comment Letter

Svetlana Boysen

IFRS 7 Amendments: Improving Disclosure About Financial Instruments

Published in Official Journal

Emmanuel Gagneux

IFRS 8 - Segment Reporting - Short term convergence

Published in Official Journal

Sigvard Heurlin

IFRS for SMEs / NPAEs

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 1-1 Use of the IFRS for SMEs in parent's separate financial statements

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 11-1 Fallback to IFRS 9 Financial Instruments

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 1-2 Captive insurance subsidiaries

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 1-3 Interpretation of 'traded in a public market'

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 1-4 Investment funds with only a few participants

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 30-1 Recycling of cumulative exchange differences on disposal of a subsidiary

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 3-1 Jurisdiction requires fallback to full IFRSs

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 3-2 Departure from a principle in the IFRS for SMEs

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A 3-3 Prescription of the format of financial statements by local regulation

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A G-1 Application of the IFRS for SMEs for financial periods ending before the IFRS for SMEs was issued

Final Comment Letter

Rasmus Sommer

IFRS for SMEs Q&A G-2 Interpretation of 'undue cost or effort' and 'impracticable'

Final Comment Letter

Rasmus Sommer

IFRS Foundation Due Process Handbook - Consultation

Final Comment Letter

Robert Stojek

IFRS Foundation Strategy Review

Final Comment Letter

Saskia Slomp

IFRS Foundation Trustees' Strategy Review

Final Comment Letter

Saskia Slomp

IFRS Foundation: Review of the IFRS Interpretations Committee

Final Comment Letter

Isabel Batista

IFRS IC tentative rejection notice of the IFRS Interpretations Committee on negative interest rates : implications for presentation

Final Comment Letter

Marc Labat

IFRS Interpretations Committee rejection notice: IAS 36 Impairment of Assets - Calculation of Value in Use

Draft Comment Letter

Isabel Batista

IFRS Interpretations Committee's tentative agenda decision on IAS 12 Income Tax – rebuttable presumption to determine the manner of recovery

Final Comment Letter

Isabel Batista

Improvement Project

Published in Official Journal

Paul Ebling

Management Commentary

Final Comment Letter

Rasmus Sommer

Management Commentary - DP Stage

Discussion Paper

Rasmus Sommer

Measurement - Objectives / Initial Recognition

Discussion Paper

Nico Deprez

PAAinE - Conceptual framework

Discussion Paper

Sigvard Heurlin

PAAinE - Equity/Liability

Discussion Paper

Paul Ebling

PAAinE - Pensions

Discussion Paper

Jeff Waldier

PAAinE - Performance Reporting - March 2009

Discussion Paper

Irina Ipatova

PAAinE - Performance Reporting November 2006

Discussion Paper

Paul Ebling

PAAinE - Revenue Recognition

Discussion Paper

Paul Ebling

PAAinE - Stewardship

Discussion Paper

Sigvard Heurlin

Proactive - Considering the Effects of Accounting Standards

Discussion Paper

Apostolena Theodosiou

Proactive - Consultation on proactive work

Discussion Paper

Mario Abela

Put options written over non-controlling interests

Final Comment Letter

Isabel Batista

Rate-regulated Activities

Final Comment Letter

Isabel Batista

Request for Information Comprehensive Review of the IFRS for SMEs

Final Comment Letter

Rasmus Sommer

Revenue Recognition

Final Comment Letter

Rasmus Sommer