News Archive

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).

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).

6-10-2008 | 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.

2-10-2008 | EFRAG TEG public conference call EFRAG will debate in a conference call on Friday 3 October 2008 at 10:00h (Brussels time).

1-10-2008 | 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'.

30-9-2008 | 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.

30-9-2008 | 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”.

26-9-2008 | EFRAG TEG public conference call EFRAG will debate in a conference call on Friday 26 September 2008 at 16:00h (Brussels time)

22-9-2008 | 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.

19-9-2008 | 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'

19-9-2008 | 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.

18-9-2008 | 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.

17-9-2008 | 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.

12-9-2008 | EFRAG TEG Public Conference Call EFRAG will debate in a conference call on Tuesday 16 September 2008 at 14:30h (Brussels time)

28-8-2008 | 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

2-8-2008 | Summer Holiday EFRAG wishes you a wonderful summer holiday and hopes to see you back in September.

1-8-2008 | 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'

30-7-2008 | 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.

30-7-2008 | 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.

29-7-2008 | 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

29-7-2008 | 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.

28-7-2008 | 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.

23-7-2008 | 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.

23-7-2008 | 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.

23-7-2008 | 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.

22-7-2008 | 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.

22-7-2008 | 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.

21-7-2008 | 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'.

21-7-2008 | 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.

16-7-2008 | EFRAG TEG Public Conference Call EFRAG will debate in a conference call on Thursday 17 July 2008 at 13:00h (Brussels time)

11-7-2008 | 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.

4-7-2008 | 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.

2-7-2008 | 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!

30-6-2008 | 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.

27-6-2008 | 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.

27-6-2008 | 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.

27-6-2008 | 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.

26-6-2008 | EFRAG TEG - Public Conference Call EFRAG will debate in a conference call on Monday 30 June 2008 at 09:00 AM (Brussels time).

20-6-2008 | 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'.

19-6-2008 | TEG - Public conference call The EFRAG TEG will debate in a conference call on Tuesday 24 June 2008 at 16:00h (Brussels time).

18-6-2008 | 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.

12-6-2008 | 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.

6-6-2008 | 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.

30-5-2008 | 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.

29-5-2008 | 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.

27-5-2008 | TEG - Public conference call The EFRAG TEG will debate in a conference call on Friday 30 May 2008 at 09:00 AM (Brussels time).

23-5-2008 | 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.

22-5-2008 | 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.

22-5-2008 | 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'.

22-5-2008 | 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.

21-5-2008 | TEG - Public conference call The EFRAG TEG will debate in a conference call on Friday 23th May 2008 at 09:00 AM (Brussels time).

19-5-2008 | 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'.

16-5-2008 | 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.

14-5-2008 | 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.

12-5-2008 | 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.

9-5-2008 | 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.

29-4-2008 | 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

21-4-2008 | 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'.

17-4-2008 | 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.

17-4-2008 | 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

17-4-2008 | 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.

14-4-2008 | 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.

11-4-2008 | 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.

10-4-2008 | 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.

10-4-2008 | 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.

9-4-2008 | 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.

9-4-2008 | 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.

8-4-2008 | 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.

26-3-2008 | 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.

20-3-2008 | TEG - Public conference call The EFRAG TEG will debate in a conference call Tuesday 25th March 2008 at 11:00 AM (Brussels time).

18-3-2008 | 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.

17-3-2008 | TEG - Public conference call The EFRAG TEG will debate in a conference call Wednesday 19th March 2008 at 16:30 PM (Brussels time).

14-3-2008 | 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.

13-3-2008 | 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.

13-3-2008 | 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.

12-3-2008 | 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.

12-3-2008 | 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'.

11-3-2008 | 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.

10-3-2008 | 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.

7-3-2008 | 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.

29-2-2008 | TEG - Public Conference Call The EFRAG TEG will debate in a conference call Thursday 6th March 2008 at 11.00 AM (Brussels time).

22-2-2008 | 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.

20-2-2008 | 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

15-2-2008 | EFRAG TEG Public Conference Call 15 February 2008 EFRAG TEG will debate today in a public conference call.

15-2-2008 | 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.

11-2-2008 | 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.

7-2-2008 | 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.

6-2-2008 | 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.

6-2-2008 | 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.

4-2-2008 | 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).

3-2-2008 | 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.

29-1-2008 | 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.

23-1-2008 | 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'.

15-1-2008 | 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.

15-1-2008 | 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.

7-1-2008 | 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.

7-12-2007 | 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.

7-12-2007 | 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.

6-12-2007 | 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'.

3-10-2007 | 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.

3-10-2007 | 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.

1-10-2007 | EFRAG Endorsement Status Report - October Update EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

30-9-2007 | 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.

27-9-2007 | 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.

26-9-2007 | 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.

19-9-2007 | 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.

18-9-2007 | 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.

14-9-2007 | 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.

7-9-2007 | 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.

6-9-2007 | EFRAG Endorsement Status Report - September Update EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

5-9-2007 | 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:

29-8-2007 | 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.

22-8-2007 | 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.

31-7-2007 | 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.

25-7-2007 | 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.

20-7-2007 | EFRAG wishes... ...everybody a pleasant and refreshing vacation period and looks forward to seeing you back in the next few weeks.

20-7-2007 | 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.

19-7-2007 | 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.

17-7-2007 | 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:

16-7-2007 | 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

13-7-2007 | 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.

9-7-2007 | EFRAG Endorsement Status Report - July Update EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

5-7-2007 | EFRAG Final Comment Letter on IAS 24 EFRAG has submitted its final comment letter on Proposed Amendments to IAS 24 Related Party Disclosures.

2-7-2007 | 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.

29-6-2007 | EFRAG User Panel Meeting EFRAG members met yesterday for the third time with its User Panel and discussed the following topics:

28-6-2007 | 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!

27-6-2007 | 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.

25-6-2007 | 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.

21-6-2007 | EFRAG Endorsement Status Report - June Update EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

20-6-2007 | 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.

15-6-2007 | 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.

13-6-2007 | 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.

12-6-2007 | 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.

8-6-2007 | 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.

8-6-2007 | EFRAG TEG Meeting Dates 2008 EFRAG announces that it has set its TEG meeting dates for 2008. You can download them here.

4-6-2007 | 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.

4-6-2007 | EFRAG Endorsement Status Report - June Update EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

30-5-2007 | 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.

29-5-2007 | Final EFRAG Comment letter on Fair Value Measurements EFRAG has submitted its final comment letter on Fair Value Measurements.

21-5-2007 | 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.

16-5-2007 | 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.

4-5-2007 | 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.

25-4-2007 | 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.

24-4-2007 | 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.

19-4-2007 | 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:

18-4-2007 | 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.

17-4-2007 | 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.

16-4-2007 | 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.

4-4-2007 | 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.

23-3-2007 | 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.

21-3-2007 | 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.

9-3-2007 | 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.

8-3-2007 | 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.

1-3-2007 | 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.

1-3-2007 | 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.

21-2-2007 | 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:

21-2-2007 | 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.

19-2-2007 | 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.

15-2-2007 | 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.

12-2-2007 | 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.

6-2-2007 | 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.

5-2-2007 | 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.

2-2-2007 | EFRAG launches new website EFRAG has launched its new website on www.efrag.org

25-1-2007 | 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.

24-1-2007 | 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

18-1-2007 | 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.

18-1-2007 | 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.

17-1-2007 | 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.

16-1-2007 | EFRAG's Final Endorsement Advice on IFRS 8 EFRAG has submitted its final endorsement advice on IFRS 8 Operating Segments.

3-1-2007 | 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.

7-12-2006 | 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.