21-11-2008 | Call for new applicants for EFRAG Financial Instruments Working Group

EFRAG has decided to renew the membership of the financial instruments working group.

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.

7-11-2008 | 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.

7-11-2008 | 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'.

6-11-2008 | 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.

4-11-2008 | 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.

3-11-2008 | 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.

3-11-2008 | 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.

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.