07/12/2021 - PROGRAMME | EFRAG BusinessEurope IASB Joint webinar: Future of IFRS disclosure requirements: What we learnt from the field test with European preparers – 10/12/2021

​​On Friday 10 December, from 09:00 to 12:00 (CET), EFRAG, BusinessEurope and the IASB will host a joint outreach event: Future of IFRS disclosure requirements: What we learnt from the field test with European preparers.

The IASB undertook this project to address the overall disclosure problem. In the ED, the IASB proposes a new objectives-only approach to developing disclosure requirements in individual Standards (proposed Guidance for the IASB) and tested this approach on IAS 19 and IFRS 13.

The joint webinar will inform constituents about the IASB/EFRAG field test results. Some entities will share their fieldwork experiences as well as the positive aspects and concerns around the proposed approach. Audit implications will also be discussed, and users will express their views on the usefulness of the approach. Interested preparers that could not participate in the field test can also provide their input through the polling questions and Q&A.

Chiara Del Prete, EFRAG TEG Chairwoman, will welcome the audience to the webinar. Claes Norberg, former EFRAG Board member and Chair of BusinessEurope Sounding Board, will moderate the discussions on the three following topics:

• IASB’s proposed internal guidelines to the standard setting of disclosure requirements in individual Standards.
• Proposed changes to IFRS 13
• Proposed changes to IAS 19