News Archive

22-2-2010 | 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.

19-2-2010 | 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

16-2-2010 | 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

4-2-2010 | 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'.

3-2-2010 | 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.

3-2-2010 | 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.

29-1-2010 | 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.

20-1-2010 | 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.

18-1-2010 | 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.

15-1-2010 | 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.

7-1-2010 | 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 | 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

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.

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.

4-12-2009 | 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.

4-12-2009 | 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.

4-12-2009 | 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.

3-12-2009 | 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'.

2-12-2009 | EFRAG Supervisory Board Summary November 2009 The November 2009 edition of the EFRAG Supervisory Board Summary has been published and can be downloaded here.

1-12-2009 | 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.

9-11-2009 | 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'.

6-11-2009 | 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).

6-11-2009 | 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.

4-11-2009 | 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.

3-11-2009 | 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.

3-11-2009 | EFRAG TEG Conference Call - 6 November 2009 TEG Conference Call - IASB's standard Classification of Rights Issues (Amendment to IAS 32) - 6 November 2009

3-11-2009 | 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.

2-11-2009 | 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.

2-11-2009 | 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 .

9-10-2009 | 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.

9-10-2009 | 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

9-10-2009 | 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'.

8-10-2009 | 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.

8-10-2009 | 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

2-10-2009 | 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.

1-10-2009 | EFRAG is recruiting a Technical Director EFRAG is seeking a full-time Technical Director to provide leadership to its technical accounting activities.

1-10-2009 | EFRAG is recruiting an Assistant Technical Director EFRAG is seeking a full-time Assistant Technical Director to assist in leading its technical work.

28-9-2009 | 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.

23-9-2009 | 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

23-9-2009 | 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.

21-9-2009 | 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.

18-9-2009 | EFRAG Supervisory Board Summary September 2009 The September 2009 edition of EFRAG Supervisory Board Summary has been published and can be downloaded here.

16-9-2009 | 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'.

14-9-2009 | 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.

14-9-2009 | 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.

11-9-2009 | 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.

10-9-2009 | 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.

9-9-2009 | 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.

8-9-2009 | 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).

7-9-2009 | 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.

7-9-2009 | 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).

7-9-2009 | 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.

7-9-2009 | 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.

7-9-2009 | 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.

31-8-2009 | 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.

21-8-2009 | 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.

21-8-2009 | 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.

19-8-2009 | 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.

31-7-2009 | EFRAG's Comment Letter on the ED Derecognition EFRAG submitted to the IASB its comment letter on the ED Derecognition

30-7-2009 | 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).

30-7-2009 | 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.

29-7-2009 | 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'.

28-7-2009 | 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.

28-7-2009 | 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.

28-7-2009 | 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.

28-7-2009 | 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.

27-7-2009 | 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.

23-7-2009 | 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.

23-7-2009 | 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.

22-7-2009 | 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.

20-7-2009 | 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.

20-7-2009 | 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.

17-7-2009 | 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'.

16-7-2009 | 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.

10-7-2009 | 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.

10-7-2009 | 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.

29-6-2009 | 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.

17-6-2009 | 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.

15-6-2009 | 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.

12-6-2009 | 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'.

8-6-2009 | 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.

8-6-2009 | 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'.

8-6-2009 | 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.

5-6-2009 | 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.

29-5-2009 | 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.

29-5-2009 | 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!

27-5-2009 | 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).

27-5-2009 | 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.

27-5-2009 | 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.

27-5-2009 | 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.

27-5-2009 | 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.

25-5-2009 | 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.

22-5-2009 | 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.

12-5-2009 | 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.

5-5-2009 | 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.

24-4-2009 | 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.

22-4-2009 | 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

22-4-2009 | EFRAG TEG Public Conference Call EFRAG TEG will debate in a public conference call on 22 April from 11:00-13:00 (Brussels time).

16-4-2009 | 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.

11-4-2009 | 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.

9-4-2009 | 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.

9-4-2009 | 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.

8-4-2009 | 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.

8-4-2009 | 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).

4-4-2009 | 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.

3-4-2009 | 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.

3-4-2009 | 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'.

2-4-2009 | 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.

2-4-2009 | 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

1-4-2009 | 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.

30-3-2009 | 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).

30-3-2009 | 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.

27-3-2009 | 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.

26-3-2009 | 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.

25-3-2009 | 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.

24-3-2009 | 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.

21-3-2009 | 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.

17-3-2009 | 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).

14-3-2009 | 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.

10-3-2009 | 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.

6-3-2009 | 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.

6-3-2009 | 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.

3-3-2009 | 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'.

2-3-2009 | 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.

2-3-2009 | 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.

16-2-2009 | 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.

11-2-2009 | 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).

10-2-2009 | 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.

9-2-2009 | 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.

6-2-2009 | 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.

4-2-2009 | 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).

30-1-2009 | 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'.

29-1-2009 | 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'.

28-1-2009 | 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.

27-1-2009 | 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.

27-1-2009 | 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'.

16-1-2009 | 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'

15-1-2009 | 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'

13-1-2009 | January TEG Meeting EFRAG announces that it will hold its next TEG meetings on Wed21, Thur22 and Fri23 January 2009.

9-1-2009 | 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).

8-1-2009 | 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.

6-1-2009 | 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 on the move EFRAG will be moving offices tomorrow Thursday 18th December.

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.

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.

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.

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.

9-12-2008 | 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.

8-12-2008 | 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.

3-12-2008 | 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.

1-12-2008 | 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.

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.

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).

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.

6-12-2006 | 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).

9-11-2006 | 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.

6-11-2006 | 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.

3-10-2006 | 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.

29-9-2006 | 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.

28-9-2006 | EFRAG Third Advisory Forum on Revenue Recognition - 18th October in Brussels - Panel Member EFRAG is pleased to confirm the facilitator and speakers.

12-9-2006 | 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

1-9-2006 | IFRIC 10 Interim Financial Reporting and Impairment EFRAG finalised its draft Endorsement Advice Letter and invites for comments no later than 6 October 2006.

25-8-2006 | 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.

23-8-2006 | 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

22-8-2006 | 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.