Efrag.org

EFRAG CFSS Meetings 12 and 13 June; EFRAG TEG Meetings 12 and 14 June 2013

24 May 2013

EFRAG announces that it will hold the next Consultative Forum of National Standard Setters (EFRAG CFSS) and Technical Expert Group (EFRAG TEG) meetings on 12, 13 and 14 June 2013.

EFRAG�s feedback statement on �Novation of Derivatives and Continuation of Hedge Accounting � Proposed amendments to IAS 39 and IFRS 9�

23 May 2013

EFRAG has published its feedback statement for its final comment letter on the Exposure Draft �Novation of Derivatives and Continuation of Hedge Accounting � Proposed amendments to IAS 39 and IFRS 9�.

EFRAG and the National Standard Setters ANC, ASCG, FRC and OIC invite companies to participate in field-testing of the proposed accounting guidance for leases

22 May 2013

On 16 May 2013, the IASB issued the revised Exposure Draft Leases (ED) to propose changes in the accounting guidance for arrangements that are or contain leases. As one of the consequences, lessees will be required for all arrangements that would fall into the definition of a lease to recognise and measure right-of-use assets at cost and lease liabilities at the present value of the lease payments. EFRAG and the National Standard Setters are performing a field-test in order to evaluate how these proposals would affect European companies applying IFRS. This field-test is carried out by EFRAG with the National Standard Setters ANC, ASCG, FRC and the OIC.

EFRAG�s feedback statement on �Classification and Measurement: Limited Amendments to IFRS 9�

21 May 2013

EFRAG has published its feedback statement for its final comment letter on the Exposure Draft �Classification and Measurement: Limited Amendments to IFRS 9�.

Endorsement Status Report Update

21 May 2013

On 20 May 2013, the IASB issued IFRIC Interpretation 21 Levies, an Interpretation on the accounting for levies imposed by governments. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG Update May 2013

15 May 2013

The May 2013 edition of EFRAG Update, summarising the discussions held at the May EFRAG TEG meeting and in EFRAG TEG conference calls held on 11, 18 and 29 April, has been published and can be downloaded here.

EFRAG TEG Conference call 21 May 2013

14 May 2013

EFRAG announces that it will hold a public conference call on 21 May 2013 from 14:00 to 16:00 CET

EFRAG PRC Conference Call on Wednesday 15 May 2013

13 May 2013

EFRAG announces that the EFRAG Planning and Resource Committee will hold a public conference call on Wednesday 15 May 2013 from 13:00 to 14:30 hrs CET

EFRAG�s Public Consultation � Is there a need for specific financial reporting for long-term investing activities business models?

8 May 2013

EFRAG is launching public consultation on long-term investing activities business models.

What does Europe need to change as IFRS enter its second decade?

8 May 2013

Today EFRAG Chairman Fran�oise Flores spoke at the ACCA event co-hosted by MEPs Dr Syed Kamall and Theodor Dumitru 'Future of IFRS: what purpose(s) do we want annual accounts to serve?'

EFRAG SB Meeting 22 May 2013

7 May 2013

EFRAG announces that it will hold its next Supervisory Board (EFRAG SB) meeting on Wednesday 22 May.

EFRAG's Draft Comment Letter on the IASB's ED/2013/4 Defined Benefit Plans: Employee Contributions

29 Apr 2013

EFRAG has issued its draft comment letter on the IASB's ED/2013/4 Defined Benefit Plans: Employee Contributions. Comments on the letter are invited by 5 July 2013.

EFRAG's views on ED Classification and Measurement: Limited Amendments to IFRS 9

25 Apr 2013

EFRAG releases summary of its final comment letter on Limited Amendments to IFRS 9

Feedback statement on the Disclosure Framework Discussion Paper

24 Apr 2013

EFRAG, the ANC and the FRC release the summary of comments received on the DP 'Towards a Disclosure Framework for the Notes'.

Third issue of the Conceptual Framework newsletter

23 Apr 2013

EFRAG, ANC, ASCG, FRC and OIC have released the third issue of their Conceptual Framework newsletter.

EFRAG PRC Summary 2 April 2013

23 Apr 2013

The summary of the EFRAG Planning and Resource Committee meeting held on 2 April 2013 has been published and can be downloaded here.

EFRAG's comment letter on the IASB's ED/2012/7 Acquisition of an Interest in a Joint Operation

17 Apr 2013

EFRAG has published its comment letter in response to the IASB�s Exposure Draft ED/2012/7 Acquisition of an Interest in a Joint Operation

EFRAG TEG Conference call 18 April 2013

16 Apr 2013

EFRAG announces that it will hold a public conference call on 18 April2013 from 10:00 to 11:00 CET

EFRAG's Draft Comment Letter on the IASB�s ED/2013/3 Financial Instruments: Expected Credit Losses

16 Apr 2013

EFRAG has issued its draft comment letter to the IASB on its Exposure Draft Financial Instruments: Expected Credit Losses, seeking feedback from its constituents. The letter can be downloaded here. Comments are invited on the letter by 17 June 2013.

EFRAG comment letter on the IASB ED Classification and Measurement: Limited Amendments to IFRS 9

16 Apr 2013

EFRAG has issued its comment letter in response to the IASB�s ED Classification and Measurement: Limited Amendments to IFRS 9 (ED/2012/4). The comment letter can be downloaded here.

EFRAG Update April 2013

16 Apr 2013

The April 2013 edition of EFRAG Update, summarising the discussions held at the April EFRAG CFSS and EFRAG TEG meetings and in EFRAG TEG conference calls held on 8, 12 and 21 March, has been published and can be downloaded here.

EFRAG's Final Comment Letter on the IASB's ED/2012/6 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

15 Apr 2013

EFRAG has issued its Comment Letter on the IASB's Exposure Draft Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed amendments to IFRS 10 and IAS 28).

EFRAG and the National Standard Setters ANC, ASCG, FRC and OIC launch a field-test on the IASB's expected credit losses model for financial instruments

12 Apr 2013

On 7 March 2013, the IASB issued the Exposure Draft (ED) Financial Instruments: Expected Credit Losses. Under the proposed impairment requirements, entities will be required to recognise, measure and disclose expected credit losses in their portfolios of financial assets that are measured at amortised cost and FV-OCI, certain loan commitments and financial guarantee contracts, as well as trade receivables and lease receivables. This field-test is carried out by EFRAG with the National Standard Setters ANC, ASCG, FRC and OIC. Additionally, the following European associations have agreed to encourage their members to participate: EBF, ESBG, EACB, Leaseurope and BusinessEurope.

EFRAG's Final Comment Letter on the IASB's ED/2013/3 Equity Method: Share of Other Net Asset Changes

12 Apr 2013

EFRAG has published its final comment letter to the IASB on the IASB�s Exposure Draft ED/2013/3 Equity Method: Share of Other Net Asset Changes.

EFRAG and the National Standard Setters of France, Germany, Italy and the UK publish three Bulletins in relation to the revision of the IFRS Conceptual Framework

11 Apr 2013

EFRAG and the National Standard Setters of France, Germany, Italy and the United Kingdom have agreed to work in partnership to promote discussion, and to ensure that European views are influential in the debate on the IFRS Conceptual Framework. The first three Bulletins resulting from this partnership are published today.

EFRAG call for information� Rate-regulated regimes currently in force in Europe

11 Apr 2013

EFRAG is asking European constituents to share with EFRAG their practical experiences with rate-regulated regimes currently in force in Europe

EFRAG's Final Comment Letter on the IASB's ED/2013/2 Novation of Derivatives and Continuation of Hedge Accounting (Proposed Amendments to IAS 39 and IFRS 9)

11 Apr 2013

EFRAG is issuing its final comment letter to the IASB�s Exposure Draft Novation of Derivatives and Continuation of Hedge Accounting (Proposed Amendments to IAS 39 and IFRS 9).

EFRAG's Final Comment Letter on the IASB's ED/2012/5 Clarification of Acceptable Methods of Depreciation and Amortisation (Proposed Amendments to IAS 16 and IAS 38)

10 Apr 2013

EFRAG is issuing its final comment letter to the IASB on its Exposure Draft Clarification of Acceptable Methods of Depreciation and Amortisation (Proposed Amendments to IAS 16 and IAS 38).

EFRAG TEG Conference call 11 April 2013

9 Apr 2013

EFRAG announces that it will hold a public conference call on 11 April2013 from 10:00 to 11:00 CET

Endorsement Status Report Update

5 Apr 2013

In the light of the endorsement by the European Commission of the Consolidated Financial Statements, Joint Arrangements and Disclosure of Interest in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11, and IFRS 12), EFRAG has updated the EFRAG Endorsement Status Report.

EFRAG TEG Meeting 16 and 17 January 2013

1 Apr 2013

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 16 and 17 January 2013.

Endorsement Status Report Update

28 Mar 2013

In the light of the endorsement by the European Commission of the Annual Improvements to IFRSs, 2009-2011 Cycle, EFRAG has updated the EFRAG Endorsement Status Report.

EFRAG CFSS/TEG Meeting 3 April; EFRAG TEG meetings 4 and 5 April 2013

28 Mar 2013

EFRAG announces that it will hold the next Consultative Forum of National Standard Setters (EFRAG CFSS) and Technical Expert Group (EFRAG TEG) meetings on 3, 4 and 5 April 2013.

EFRAG's Final Comment Letter on the IASB's ED/2013/1 Recoverable Amount Disclosures for Non-Financial Assets (Proposed Amendments to IAS 36)

25 Mar 2013

EFRAG is issuing its final comment letter to the IASB on its Exposure Draft Recoverable Amount Disclosures for Non-Financial Assets (Proposed Amendments to IAS 36).

EFRAG's comment letter to the IASB on the transition from IAS 39 to IFRS 9 for macro-hedging practices

22 Mar 2013

EFRAG has analysed the impact on current macro hedging practices of the transition between IAS 39 and the Review Draft and published today its comment letter to the IASB.

EFRAG appointed in the European delegation to the IFRS ASAF

22 Mar 2013

EFRAG welcomes the establishment of the IFRS Accounting Standards Advisory Forum (ASAF). The set up of a multilateral technical discussion forum is a valuable enhancement of the IASB�s due process. EFRAG welcomes Europe having four out of the twelve seats on ASAF. EFRAG is pleased to be in a position to best serve the influence of Europe in its participation in the European delegation to ASAF. EFRAG will work together with National Standard Setters in Europe in the preparation for the ASAF meetings, so that the European delegation is fully representative and effective in the exercise of influence for the benefit of European stakeholders.

Call for applicants for EFRAG Rate-Regulated Activities Working Group

19 Mar 2013

EFRAG is establishing a Working Group on Rate Regulated Activities to support EFRAG TEG and EFRAG CFSS on Rate-Regulated Activities specific matters and their application within Europe through technical analysis and consultation

EFRAG TEG Conference call 21 March 2013

15 Mar 2013

EFRAG announces that it will hold a public conference call on 21 March 2013 from 14:00 to 16:30 CET

EFRAG Insider goes public!

14 Mar 2013

Starting this year, EFRAG publishes its Insider newsletter on the web. EFRAG Insider was created in the course of 2010 to inform founding and funding members about current developments in all EFRAG activities and was circulated by email to a restricted list of recipients. As of 2013, it has been decided to distribute it to a wider audience. EFRAG Insider is published every quarter on average.

Second issue of the Conceptual Framework newsletter

12 Mar 2013

EFRAG, ANC, ASCG, FRC and OIC have released the second issue of their Conceptual Framework newsletter.

EFRAG�s Draft Comment Letter on the IASB�s ED/2013/2 Novation of Derivatives and Continuation of Hedge Accounting (Proposed amendments to IAS 39 and IFRS 9)

11 Mar 2013

EFRAG has issued its draft comment letter on the IASB�s Exposure Draft ED/2013/2 Novation of Derivatives and Continuation of Hedge Accounting, Proposed amendments to IAS 39 and IFRS 9. Comments on the letter are invited by 25 March 2013.

EFRAG Update February 2013

6 Mar 2013

The February 2013 edition of EFRAG Update, summarising the discussions held at the EFRAG TEG meeting of 28 February to 1 March 2013 and EFRAG TEG conference calls held on 29 January and 12 February 2013, has been published and can be downloaded here.

EFRAG TEG Conference call 8 March 2013

5 Mar 2013

EFRAG announces that it will hold a public conference call on 8 March 2013 from 11:00 to 11:30 CET

Endorsement Status Report Update

5 Mar 2013

In the light of the endorsement by the European Commission of the Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards - Government Loans, EFRAG has updated the EFRAG Endorsement Status Report.

EFRAG and the National Standard Setters ANC, ASCG, FRC and OIC invite companies to participate in a field-test on how the transition from IAS 39 to the new IFRS 9 requirements will affect classification and measurement of financial assets.

26 Feb 2013

In November 2012, the IASB issued the Exposure Draft (ED) Classification and Measurement: Limited Amendments to IFRS 9 to propose changes in the classification and measurement requirements in IFRS 9 Financial Instruments. As a consequence of the transition from IAS 39 to the new classification and measurement requirements in IFRS 9, as modified by the ED, entities might need to measure at fair value some financial assets that are currently measured at amortised cost, or the other way around. EFRAG and National Standard Setters are performing a joint field-test on how the new requirements would affect the current classification and measurement of financial assets. This field-test is carried out by EFRAG with the National Standard Setters ANC, ASCG, FRC and the OIC. Additionally, the following organisations have agreed to encourage their members to participate: EACB, EBF, ESBG, Insurance Europe and ISDA.

EFRAG PRC Summary 7 February 2013

22 Feb 2013

The summary of the EFRAG Planning and Resource Committee meeting held on 7 February 2013 has been published and can be downloaded here.

EFRAG's Final Comment Letter on the IASB ED/2012/2 Annual Improvements to IFRSs 2011-2013 Cycle

19 Feb 2013

European Financial Reporting Advisory Group (EFRAG) has issued its final comment letter on the IASB's ED/2012/2 Annual Improvements to IFRSs 2011-2013 Cycle

Endorsement Status Report Update

18 Feb 2013

EFRAG has issued its endorsement advice letter on Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27). Therefore, EFRAG has updated its Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG�s endorsement advice and effects study report on Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)

18 Feb 2013

EFRAG has completed its due process regarding Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

Keeping European constituents informed of the debate on Conceptual Framework

15 Feb 2013

Following issuance of their strategy, the project partners EFRAG, ANC, ASCG, OIC and FRC have decided to produce regular newsletters to keep European stakeholders informed of all project developments.

EFRAG and the FRC issue the Feedback Statement on the Discussion Paper �Improving the Financial Reporting of Income Tax

8 Feb 2013

The European Financial Reporting Advisory Group (EFRAG) and the Financial Reporting Council (the FRC) have published today their Feedback Statement �Improving the Financial Reporting of Income Tax�. The Feedback Statement on their discussion paper provides an analysis of comment letters received on this consultation together with their responses to the main issues raised by respondents. Statement �Improving the Financial Reporting of Income Tax�. The Feedback Statement has been prepared for constituents to consider the analysis of comment letters received, together with EFRAG�s and FRC�s responses to the main issues raised by respondents.

EFRAG SB Summary 6 February 2013

7 Feb 2013

The summary of the EFRAG Supervisory Board meeting held on 6 February 2013 has been published and can be downloaded here

EFRAG and the National Standard Setters of France, Germany, Italy and the UK publish their strategy on the revision of the IFRS Conceptual Framework

6 Feb 2013

EFRAG and the National Standard Setters of France (ANC), Germany (ASCG), Italy (OIC) and the UK (FRC) are collaborating to investigate aspects of the Conceptual Framework they believe are particularly significant to European constituents.

EFRAG's Draft Comment Letter on the IASB's ED/2012/6 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed amendments to IFRS 10 and IAS 28)

30 Jan 2013

EFRAG has issued its draft comment letter on the IASB's Exposure Draft Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed amendments to IFRS 10 and IAS 28). The letter can be downloaded here. Comments are invited on the letter by 20 March 2013.

EFRAG�s Draft Comment Letter on the IASB�s ED/2012/7 Acquisition of an Interest in a Joint Operation

29 Jan 2013

EFRAG has issued its draft comment letter on the IASB�s Exposure Draft ED/2012/7 Acquisition of an Interest in a Joint Operation. Comments on the letter are invited by 20 March 2013.

EFRAG TEG Conference call 12 February 2013

29 Jan 2013

EFRAG announces that it will hold a public conference call on 12 February 2013 from 14:00 to 15:30 CET

EFRAG's Draft Comment Letter on the IASB's ED/2013/1 Recoverable Amount Disclosures for Non-Financial Assets (Proposed Amendments to IAS 36)

29 Jan 2013

EFRAG is issuing its draft comment letter to the IASB on its Exposure Draft Recoverable Amount Disclosures for Non-Financial Assets (Proposed Amendments to IAS 36) seeking feedback from its constituents. The letter can be downloaded here. Comments are invited on the letter by 11 March 2013.

EFRAG has issued its comment letter on the CICA research paper: Toward a Measurement Framework for Financial Reporting by Profit-Oriented Entities

24 Jan 2013

EFRAG has issued its comment letter on the CICA research paper: Toward a Measurement Framework for Financial Reporting by Profit-Oriented Entities. The letter and the feedback statement can be downloaded here.

EFRAG Update January 2013

23 Jan 2013

The January 2013 edition of EFRAG Update, summarising the discussions held at the January 2013 EFRAG TEG meeting and December 2012 EFRAG TEG conference call, has been published and can be downloaded here.

EFRAG's consultation on the transition from IAS 39 to IFRS 9 for macro-hedging practices

22 Jan 2013

EFRAG has analysed the impact on current macro hedging practices of the transition between IAS 39 and the Review Draft and submits this analysis for public consultation.

EFRAG TEG Conference call 29 January 2013

22 Jan 2013

EFRAG announces that it will hold a public conference call on 29 January 2013 from 10:00 to 12:00 CET

EFRAG's letter on the IASB's Review Draft IFRS 9 Hedge Accounting

18 Jan 2013

EFRAG has published its letter on the Review Draft IFRS 9 Hedge Accounting.

EFRAG's final comment letter on the tentative rejection notice of the IFRS Interpretations Committee on negative interest rates: implications for presentation

17 Jan 2013

EFRAG has issued its final comment letter on the IFRS Interpretations Committee�s tentative rejection notice on IAS 39 Financial Instruments: Recognition and Measurement, Negative interest rates: implications for presentation in the statement of comprehensive income.

EFRAG PRC Meeting 7 February 2013

17 Jan 2013

EFRAG announces that it will hold its next Planning and Resource Committee (EFRAG PRC) meeting on Thursday 7 February 2013.

EFRAG's feedback statement on 'Proposal to Establish an Accounting Standards Advisory Forum'

16 Jan 2013

EFRAG has published its feedback statement for its final comment letter on the 'Proposal to Establish an Accounting Standards Advisory Forum'.

EFRAG SB Meeting 6 February 2013

14 Jan 2013

EFRAG announces that it will hold its next Supervisory Board (EFRAG SB) meeting on Wednesday 6 February.

Input received at Amsterdam Joint Outreach Event

11 Jan 2013

EFRAG and the Dutch Accounting Standards Board (DASB, Raad voor de Jaarverslaggeving) have issued a summary of their joint outreach event on the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in Amsterdam on 27 November 2012.

Input received at Rome Outreach Event

11 Jan 2013

EFRAG and the Organismo Italiano di Contabilit� have issued a summary of their joint outreach event on the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in Rome on 6 December 2012.

EFRAG TEG Meeting 27, 28 February and 1 March 2013

2 Jan 2013

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 27, 28 February and 1 March 2013.

EFRAG's Draft Comment Letter on the IASB's ED/2012/4 Classification and Measurement: Limited Amendments to IFRS 9

31 Dec 2012

EFRAG is issuing its draft comment letter to the IASB on its Exposure Draft Classification and Measurement: Limited Amendments to IFRS 9 (proposed amendments to IFRS 9 (2010)) seeking feedback from its constituents. The letter can be downloaded here. Comments are invited on the letter by 18 March 2013.

Endorsement Status Report Update

30 Dec 2012

In the light of the endorsement by the European Commission of several standards, interpretations, and amendments, EFRAG has updated the EFRAG Endorsement Status Report.

BEST WISHES!

21 Dec 2012

CHAIRMAN FRAN�OISE FLORES AND THE EFRAG TEAM PRESENT THEIR WARM WISHES FOR A GREAT FESTIVE SEASON AND START IN 2013!

EFRAG's draft comment letter on the tentative rejection notice of the IFRS Interpretations Committee on negative interest rates: implications for presentation

21 Dec 2012

EFRAG has issued its draft comment letter on the IFRS Interpretations Committee�s tentative rejection notice on IAS 39 Financial Instruments: Recognition and Measurement, Negative interest rates: implications for presentation in the statement of comprehensive income. Comments on the letter are invited by 15 January 2013.

EFRAG Draft Comment Letter on the IASB�s Exposure Draft ED/2012/3 Equity Method: Share of Net Asset Changes

21 Dec 2012

EFRAG has issued its draft comment letter on the IASB�s Exposure Draft ED/2012/3 Equity Method: Share of Net Asset Changes. Comments on the letter are invited by 22 March 2013.

EFRAG Final Comment Letter on the Proposal to Establish an Accounting Standards Advisory Forum

21 Dec 2012

EFRAG has issued its final comment letter on the IFRS Foundation�s Proposal to Establish an Accounting Standards Advisory Forum.

EFRAG and the OIC issue the Feedback Statement on the Discussion Paper �Accounting for Business Combinations under Common Control�

20 Dec 2012

The European Financial Reporting Advisory Group (EFRAG) and the Organismo Italiano di Contabilit� (the OIC) have published today the Feedback Statement �Accounting for Business Combinations under Common Control�. The Feedback Statement has been prepared for constituents to consider the analysis of comment letters received, together with EFRAG�s and OIC�s responses to the issues raised by respondents and the way they have decided to further develop the project.

IASB and EFRAG met to review ongoing projects and other topics

20 Dec 2012

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) delegation met on 18 December 2012 to discuss a number of topics.

EFRAG requests comments on its draft endorsement advice and draft effects study report on Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)

20 Dec 2012

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27). It is consulting both on its assessment of the Amendments against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from their implementation and application in the EU. Comments are requested by 28 January 2013.

Endorsement Status Report Update

20 Dec 2012

EFRAG has issued its draft endorsement advice letter on Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27). Accordingly, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG issues its Final Comment Letter and Feedback Statement on the IASB's Request for Information: Comprehensive Review of the IFRS for SMEs

20 Dec 2012

European Financial Reporting Advisory Group (EFRAG) has published today the Final Comment Letter and Feedback Statement in response to the IASB's Request for Information: Comprehensive Review of the IFRS for SMEs.

EFRAG's Draft Comment Letter on the IASB's ED/2012/2 Annual Improvements to IFRSs 2011-2013 Cycle

19 Dec 2012

EFRAG is issuing its draft comment letter to the IASB on its Exposure Draft Annual Improvements to IFRSs 2011-2013 Cycle (�the ED�) seeking feedback from its constituents. The letter can be downloaded here. Comments are invited on the letter by 1 February 2013.

EFRAG Update December 2012

19 Dec 2012

The December 2012 edition of EFRAG Update, summarising the discussions held at the December EFRAG CFSS and EFRAG TEG meetings and November EFRAG TEG conference call, has been published and can be downloaded here.

Input received at Stockholm Joint Outreach Event

18 Dec 2012

EFRAG and the Swedish Financial Reporting Board have issued a summary of their joint outreach event on the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in Stockholm on 28 November.

Input received at outreach events - IFRS 8 Post-implementation Review

18 Dec 2012

EFRAG has published a consolidated feedback statement summarising the input received from constistuents on the Post-implementation Review of IFRS 8 Operating Segments received during the Autumn 2012 series of outreach events.

Input received from EUMEDION Audit Committee

17 Dec 2012

EFRAG and EUMEDION have released a summary of the discussions at the EUMEDION Audit Committee held as part of the Post-implementation Review of IFRS 8 Operating Segments.

New EFRAG TEG Composition as of April 2013

14 Dec 2012

The EFRAG Supervisory Board reappoints Fran�oise Flores as EFRAG Chairman. Gabi Ebbers and Araceli Mora are reappointed and Andreas Barckow - Deloitte (Germany), Marios Cosma - K. Treppides & Co Limited (Cyprus) and Bill Hicks - BBC Worldwide Limited (UK) are appointed as EFRAG TEG members.

EFRAG's Draft Comment Letter on the IASB's ED/2012/5 Clarification of Acceptable Methods of Depreciation and Amortisation (Proposed Amendments to IAS 16 and IAS 38)

14 Dec 2012

EFRAG has issued its draft comment letter to the IASB on its Exposure Draft Clarification of Acceptable Methods of Depreciation and Amortisation (Proposed Amendments to IAS 16 and IAS 38) (�the Amendments�) seeking feedback from its constituents. The letter can be downloaded here. Comments are invited on the letter by 11 March 2013.

Input received at London Joint Outreach Event

13 Dec 2012

EFRAG and the Financial Reporting Council have issued a summary of their joint outreach event on the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in London on 31 October.

Input received at Vilnius Joint Outreach Event

11 Dec 2012

EFRAG and the Lithuanian Authority of Audit and Accounting have issued a summary of their joint outreach event on the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in Vilnius on 30 October.

EFRAG issues a Draft Comment Paper on 'Emissions Trading Schemes'

5 Dec 2012

The European Financial Reporting Advisory Group (EFRAG) has published today the Draft Comment Paper on 'Emissions Trading Schemes'. Preliminary views are formulated and expressed at this stage of the due process.

EFRAG issues a Draft Comment Paper on 'Emissions Trading Schemes'

5 Dec 2012

Input received at European Outreach Event, Brussels

3 Dec 2012

EFRAG has issued a summary of the European Outreach Event event on the Post-implementation Review of IFRS 8 Operating Segments and the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in Brussels on 11 October.

Input received at Frankfurt Joint Outeach Event

30 Nov 2012

EFRAG and the Accounting Standards Committee of Germany have issued a summary of their joint outreach event on the Post-implementation Review of IFRS 8 Operating Segments and the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in Frankfurt on 13 November.

Input received at Warsaw Joint Outreach Event

29 Nov 2012

EFRAG and the Polish Accounting Standards Committee have issued a summary of their joint outreach event on the Post-implementation Review of IFRS 8 Operating Segments and the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in Warsaw on 8 November.

EFRAG response to Post-implementation Review of IFRS 8 Operating Segments

29 Nov 2012

EFRAG has released its response to the IASB's Request for Information, part of the Post-implementation Review of IFRS 8 Operating Segments. The response summarises evidence received from constituents, including participants at EFRAG's Autumn 2012 series of outreach events across Europe.

EFRAG SB Summary 22 November 2012

29 Nov 2012

The summary of the EFRAG Supervisory Board meeting held on 22 November 2012 has been published and can be downloaded here.

EFRAG CFSS/TEG Meeting 11-12 December; EFRAG TEG meeting 13 and 14 December 2012

29 Nov 2012

EFRAG announces that it will hold the next Consultative Forum of National Standard Setters (EFRAG CFSS) and Technical Expert Group (EFRAG TEG) meetings on 11, 12, 13 and 14 December 2012.

Input received from EFFAS Financial Accounting Commission

28 Nov 2012

EFRAG and the European Federation of Financial Analysts Societies have released a summary of the discussions at the EFFAS Financial Accounting Commission held as part of the Post-implementation Review of IFRS 8 Operating Segments.

EFRAG TEG Conference call 29 November 2012

27 Nov 2012

EFRAG announces that it will hold a public conference call on 29 November 2012 from 10:00 to 11:15 CET

Input received at Copenhagen Joint Outreach Event

27 Nov 2012

EFRAG, the Confederation of Danish Industry (DI) and FSR - Danish Auditors have issued a summary of their joint outreach event on the Post-implementation Review of IFRS 8 Operating Segments and the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes held in Copenhagen on 29 October.

NEW COMPOSITION OF THE EFRAG SUPERVISORY BOARD

22 Nov 2012

Private sector appointments to the EFRAG Supervisory Board: the EFRAG General Assembly appointed and reappointed the largest part of the members of the EFRAG Supervisory Board in its meetings of 25 October and 20 November. The term of all members of the EFRAG Supervisory Board expired late September 2012. Following the recommendations of the EFRAG Governance and Nominating Committee the EFRAG General Assembly appointed and reappointed in its meetings of 25 October and 20 November the 14 private sector members of the EFRAG Supervisory Board.

EFRAG draft comment letter on the CICA research paper: Toward a Measurement Framework for Financial Reporting by Profit-Oriented Entities

19 Nov 2012

EFRAG has issued its draft comment letter on the CICA research paper: Toward a Measurement Framework for Financial Reporting by Profit-Oriented Entities. The letter can be downloaded here. Comments on the letter are invited by 31 December 2012.

EFRAG Draft Comment Letter on IFRS Foundation�s Proposal to Establish an Accounting Standards Advisory Forum

16 Nov 2012

EFRAG has issued its draft comment letter on the IFRS Foundation�s Proposal to Establish an Accounting Standards Advisory Forum. The letter can be downloaded here. Comments on the letter are invited by 7 December 2012.

EFRAG's feedback statement on 'Put Options Written on Non-controlling Interests'

15 Nov 2012

EFRAG has published its feedback statement for its final comment letter on the Draft Interpretation 'Put Options Written on Non-controlling Interests'.

EFRAG Update November 2012

14 Nov 2012

The November 2012 edition of EFRAG Update, summarising the discussions held at the November EFRAG TEG meeting and October EFRAG TEG conference call, has been published and can be downloaded here.

EFRAG SB Meeting 22 November 2012

12 Nov 2012

EFRAG announces that it will hold its next Supervisory Board (EFRAG SB) meeting on Thursday 22 November.

Endorsement Status Report Update

9 Nov 2012

The Accounting Regulatory Committee (ARC) has voted in favour of the adoption of the Amendments to IFRS 10, IFRS 11 and IFRS 12 Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (issued by the IASB on 28 June 2012). In addition the IASB issued on 31 October 2012 the Amendments to IFRS 10, IFRS 12 and IAS 27 Investment Entities. Accordingly, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

6 December, Rome - EFRAG and Organismo Italiano di Contabilita� Joint Outreach Event on EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

29 Oct 2012

EFRAG and the Organismo Italiano di Contabilita� have announced they will hold a joint outreach event on the EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes� in Rome on 6 December 2012.

Endorsement Status Report Update

29 Oct 2012

The Accounting Regulatory Committe (ARC) has voted in favour of the adoption of the Annual Improvements to IFRSs 2009�2011 Cycle (issued on 17 May 2012). Accordingly, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG PRC Summary 02 October 2012

25 Oct 2012

The summary of the EFRAG Planning and Resource Committee meeting held on 02 October 2012 has been published and can be downloaded here.

EFRAG's feedback statement from the comment letters received on the IASB's ED/2012/1 Annual Improvements to IFRSs 2010-2012

25 Oct 2012

EFRAG is publishing its feedback statement from comment letters received on the IASB's ED/2012/1 Annual Improvements to IFRSs 2010-2012. This feedback statement describes the main comments received and how those comments were considered by EFRAG during its technical discussions

28 November, Stockholm - EFRAG and Swedish Financial Reporting Board (SFRB) Joint Outreach Event on EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

19 Oct 2012

EFRAG and the Swedish Financial Reporting Board (SFRB, R�det F�r Finansiell Rapportering), are holding an invitation only joint outreach event on the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes on Wednesday 28 November 2012 (13.30-16.15 hrs) in Stockholm.

31 October, London - EFRAG and FRC Joint Outreach Event on EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

18 Oct 2012

EFRAG and the FRC are pleased to invite you to a joint outreach event, with the ICAEW Financial Reporting Discussion Group, on developing a disclosure framework on Wednesday 31 October 2012 (17.45-20.00 hrs) in London.

EFRAG TEG Meeting 7, 8 and 9 November 2012

17 Oct 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 7, 8 and 9 November 2012.

An EU Perspective on the Move towards Global Accounting Standards

16 Oct 2012

On 11 October, EFRAG and the Trustees of the IFRS Foundation held a joint conference to discuss an 'EU perspective on the move towards global accounting standards', involving a large range of prominent speakers.

EFRAG Final Comment Letter on the Draft Interpretation Put Options Written on Non-controlling Interests

11 Oct 2012

EFRAG has issued its final comment letter on the IFRS Interpretations Committee�s Draft Interpretation DI/2012/2 Put Options Written on Non-controlling Interests. The letter can be downloaded here.

8 November, Warsaw - EFRAG and the Polish Accounting Standards Committee Joint Outreach Event on EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

11 Oct 2012

EFRAG and the Polish Accounting Standards Committee (KSR) in association with the National Chamber of Statutory Auditors (KiBR) and the Association of Accountants in Poland (SKwP), are pleased to invite you to an outreach event on the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes on Thursday November 8 2012 (12:30 � 14:50 hrs) in Warsaw.

EFRAG Update October 2012

10 Oct 2012

The October 2012 edition of EFRAG Update, summarising the discussions held at the October EFRAG TEG and EFRAG CFSS meetings, has been published and can be downloaded here.

EFRAG welcomes new Research Director Philippe Longerstaey

9 Oct 2012

EFRAG Research Director Philippe Longerstaey is assigned the important objective of serving the success of EFRAG�s partnership with the National Standard Setters in Europe in the proactive activities. The proactive work contributes to, and influences, the early thinking on significant financial reporting issues.

EFRAG TEG Conference call 10 October 2012

9 Oct 2012

EFRAG announces that it will hold a public conference call on 10 October 2012 from 08.00 to 09.00 CET

Endorsement Status Report Update

8 Oct 2012

The Accounting Regulatory Committe (ARC) has voted in favour of the adoption of the Amendments to IFRS 1 Government Loans (issued by the IASB on 13 March 2012). Accordingly, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG TEG Conference call 15 October 2012

5 Oct 2012

EFRAG announces that it will hold a public conference call on 15 October 2012 from 15:00 to 17:00 CET

30 October, Vilnius - EFRAG and Lithuanian Authority of Audit and Accounting Joint Outreach Event on EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

4 Oct 2012

EFRAG and the Lithuanian Authority of Audit and Accounting are pleased to invite you to a joint outreach event on the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes on Tuesday October 30 2012 (10.30-12.30 hrs) in Vilnius.

EFRAG CFSS/TEG Meeting 3 October; EFRAG TEG meeting 4 and 5 October 2012

28 Sep 2012

EFRAG announces that it will hold the next Consultative Forum of National Standard Setters (EFRAG CFSS) and Technical Expert Group (EFRAG TEG) meetings on 3, 4 and 5 October 2012.

27 November, Amsterdam - EFRAG and Dutch Accounting Standards Board (DASB) Joint Outreach Event on EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

28 Sep 2012

EFRAG and the Dutch Accounting Standards Board (DASB, Raad voor de Jaarverslaggeving), are pleased to invite you to a joint outreach event on the EFRAG/ANC/FRC Discussion Paper 'Towards a Disclosure Framework for the Notes' on 27 Tuesday November 2012 (12.30-15.30 hrs) in Amsterdam.

EFRAG SB Summary 18 September 2012

28 Sep 2012

The summary of the EFRAG Supervisory Board meeting held on 18 September 2012 has been published and can be downloaded here.

EFRAG's feedback statement from the comment letters received on 'Levies Charged by Public Authorities on Entities that Operate in a Specific Market'

27 Sep 2012

EFRAG publishes its feedback statement from comment letters received on 'Levies Charged by Public Authorities on Entities that Operate in a Specific Market'. This feedback statement describes the main comments received and how those comments were considered by EFRAG during its technical discussions

EFRAG PRC Meeting 02 October 2012

26 Sep 2012

EFRAG announces that it will hold its next Planning and Resource Committee (EFRAG PRC) meeting on Tuesday 02 October 2012.

EFRAG Call for Evidence � Experiences with IFRS 8 Operating Segments � One Month Left

25 Sep 2012

There is still time to respond to EFRAG�s request for experiences with IFRS 8 Operating Segments

29 October, Copenhagen - EFRAG, The Confederation of Danish Industry and FSR Joint Outreach Event on Post-implementation Review of IFRS 8 and EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

25 Sep 2012

EFRAG, The Confederation of Danish Industry (DI) and FSR � danske revisorer, Danish Auditors, are pleased to invite you to an outreach event on the IASB Post�Implementation Review of IFRS 8 Operating Segments and the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes on Monday October 29 2012 (14.00-17.00 hrs).

13 November, Frankfurt - EFRAG and the Accounting Standards Committee of Germany Joint Outreach Event on Post-implementation Review of IFRS 8 and EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

25 Sep 2012

EFRAG and the Accounting Standards Committee of Germany are pleased to invite you to an outreach event on the IASB Post�Implementation Review of IFRS 8 Operating Segments and the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes on Tuesday November 13 2012 (13.00-17.00 hrs).

REMINDER Call For EFRAG TEG Applicants: Ultimate Deadline For Submissions 12 October

24 Sep 2012

The present mandate period for six of the twelve members of EFRAG's Technical Expert Group (EFRAG TEG) expires on 31 March 2013. EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. We urge all candidates to submit their candidatures at the very latest by 12 October 2012.

EFRAG Final Comment Letter on the Proposed IASB and IFRS Interpretations Committee Due Process Handbook

21 Sep 2012

EFRAG has issued its Final Comment Letter on the proposed IASB and IFRS Interpretations Committee Due Process Handbook.

EFRAG European Outreach Event on Post-implementation Review of IFRS 8 and EFRAG/ANC/FRC Discussion Paper �Towards a Disclosure Framework for the Notes�

20 Sep 2012

EFRAG is pleased to invite you to an outreach event on the IASB Post�Implementation Review of IFRS 8 Operating Segments and the EFRAG/ANC/FRC Discussion Paper Towards a Disclosure Framework for the Notes on Thursday 11 October 2012 in Brussels (13.00-15.00 hrs).

Turning a Compliance Exercise into a Communication Performance

18 Sep 2012

Today EFRAG Chairman Fran�oise Flores spoke at the 'Corporate Reporting of the Future' conference of EFRAG�s Member Organisation FEE (Federation of European Accountants) on promoting effectiveness of disclosures to financial statements as a contribution to a better integration of various corporate reports.

EFRAG PRC Conference Call on Monday 17 September 2012

14 Sep 2012

EFRAG announces that the EFRAG Planning and Resource Committee will hold a public conference call on Monday 17 September 2012 from 17:00 til 19:00 hrs CET (in replacement of the call initially scheduled on 13 September).

EFRAG Update September 2012

12 Sep 2012

The September 2012 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

CFA Institute to provide direct input to EFRAG in webcast on Financial Statements Disclosures

12 Sep 2012

On September 27, the CFA Institute will organise a webcast on Financial Statements Disclosures. The webcast will include a presentation of the EFRAG/ANC/FRC discussion paper as well as the FASB discussion paper developed in cooperation with EFRAG. Both papers were issued on 12 July.

EFRAG Final Comment Letter on the IASB's ED/2012/1 Annual Improvements to IFRSs 2010-2012 Cycle

11 Sep 2012

EFRAG is issuing its final comment letter on the IASB's ED/2012/1 Annual Improvements to IFRSs 2010-2012 Cycle. The letter can be downloaded here.

EFRAG final comment letter on IFRS Interpretations Committee Draft Interpretation on 'Levies Charged by Public Authorities on Entities that Operate in a Specific Market'.

10 Sep 2012

EFRAG has issued its final comment letter on the IFRS Interpretations Committee Draft Interpretation on 'Levies Charged by Public Authorities on Entities that Operate in a Specific Market'.

EFRAG reports on consolidated input received in European outreach events on the discussion paper on Improving the Accounting of Income Taxes

4 Sep 2012

EFRAG is issuing a consolidated feedback statement summarising the input received from the five European events held from March to May 2012. Locations included Amsterdam, London, Milan, Vienna, and Warsaw.

EFRAG SB Meeting 18 September 2012

31 Aug 2012

EFRAG announces that it will hold its next Supervisory Board (EFRAG SB) meeting on Tuesday 18 September.

EFRAG Governance and Nominating Committee decides to close the limited governance review

31 Aug 2012

The EFRAG Governance and Nominating Committee has decided to close the limited governance review without proposing changes to the current governance arrangements. There will be no public consultation as a result of the work undertaken during the limited governance review.

Endorsement Status Report Update

30 Aug 2012

EFRAG has issued its endorsement advice letters on Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12) and on Annual Improvements to IFRSs 2009�2011 Cycle. Therefore, EFRAG has updated its Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG TEG Meeting 5, 6 and 7 September 2012

30 Aug 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 5, 6 and 7 September 2012.

EFRAG�s endorsement advice and effects study report on Annual Improvements to IFRSs 2009�2011 Cycle

29 Aug 2012

EFRAG has completed its due process regarding Annual Improvements to IFRSs 2009�2011 Cycle and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG is seeking financial reporting professionals with IFRS expertise to join its technical staff!

29 Aug 2012

EFRAG seeks IFRS experts for involvement at various levels in its organisation. You are a financial reporting professional, with a general corporate or financial institution background and interested or experienced in technical financial reporting matters? Apply for a project manager or senior project manager function with EFRAG.

EFRAG's Final Endorsement Advice and Effects Study Report on Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12)

29 Aug 2012

EFRAG has completed its due process regarding Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12) (�the Amendments�) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG PRC Conference Call on Thursday 13 September 2012

24 Aug 2012

EFRAG announces that the EFRAG Planning and Resource Committee will hold a public conference call on Thursday 13 September 2012 from 14:15 - 16:15h CET.

EFRAG draft comment letter on IASB Request for Information: Comprehensive Review of the IFRS for SMEs

23 Aug 2012

EFRAG has issued its draft comment letter on the IASB Request for Information: Comprehensive Review of the IFRS for SMEs. The letter can be downloaded here. Comments on the letter are invited by 12 November 2012.

EFRAG Update July 2012

30 Jul 2012

The July 2012 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

EFRAG and OIC issue questionnaire on impairment requirements for goodwill

30 Jul 2012

EFRAG and OIC has issued a questionnaire on impairment requirements for goodwill. EFRAG and OIC hope that as many as possible would wish to complete the questionnaire before 30 September 2012.

EFRAG announces the new composition of its Insurance Accounting Working Group and Financial Instruments Working Group

27 Jul 2012

EFRAG TEG has approved in its July meeting the new composition of the EFRAG Insurance Accounting Working Group and the EFRAG Financial Instruments Working Group effective from 1 September 2012.

GET PREPARED TO PARTICIPATE in the next public consultations of EFRAG on Measurement and Emission Rights!

27 Jul 2012

EFRAG will initiate public consultations on its preliminary views on the Discussion Paper issued by the Canadian Institute of Chartered Accountants: �Toward a Measurement Framework for Financial Reporting by Profit-Oriented Entities� and the �Proposals for Accounting of GHG Emission Rights� issued by the French ANC.

EFRAG Call for Evidence � Experiences with IFRS 8 Operating Segments

27 Jul 2012

EFRAG is requesting evidence from European Constituents on their experiences with IFRS 8 Operating Segments

EFRAG Final Comment Letter on the IFRS Interpretations Committee tentative rejection notice in relation to the restructuring of Greek government bonds

26 Jul 2012

EFRAG has issued its final comment letter on the IFRS Interpretations Committee's tentative rejection notice in relation to the restructuring of Greek government bonds. The letter can be downloaded here.

EFRAG's feedback statement from comment letters and outreach activities on Revenue from Contracts with Customers

25 Jul 2012

EFRAG publishes its feedback statement from comment letters and outreach activities on Revenue from Contracts with Customers. This feedback statement describes the main comments that it received and describes how those comments were considered by EFRAG during its technical discussions

EFRAG requests comments on its Draft Comment Letter on the Proposed IASB and IFRS Interpretations Committee Due Process Handbook

19 Jul 2012

EFRAG has issued its Draft Comment Letter on the proposed IFRS Foundation Due Process Handbook. Comments are invited by 5 September 2012.

IASB and EFRAG meet to review ongoing projects and other topics

18 Jul 2012

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) met on 16 July 2012 to discuss a number of topics.

EFRAG and the ASB issue Position Paper and Feedback Statement for proactive project �Considering the Effects of Accounting Standards�

17 Jul 2012

The European Financial Reporting Advisory Group (EFRAG) and the Accounting Standards Board (the ASB) of the FRC have today published the Position Paper �Considering the Effects of Accounting Standards� and the related Feedback Statement. The Position Paper has been developed as part of EFRAG�s proactive agenda to contribute to improving the way in which accounting standard setters develop and implement standards throughout their due process, from start to finish.

EFRAG TEG Meeting 24 and 25 July 2012

17 Jul 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 24 and 25 July 2012.

EFRAG requests comments on its draft endorsement advice and draft effects study report

17 Jul 2012

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12). It is consulting both on its assessment of the Amendments against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from its implementation and application in the EU. Comments are requested by 17 August 2012.

Endorsement Status Report Update

17 Jul 2012

EFRAG has issued its draft endorsement advice letter on Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12). Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

Discussion Paper - Towards a Disclosure Framework for the Notes

12 Jul 2012

The European Financial Reporting Advisory Group (EFRAG), the Autorit� des Normes Comptables (ANC) in France, and the Financial Reporting Council (FRC) in the United Kingdom have published today a Discussion Paper, �Towards a Disclosure Framework for the Notes�. The Discussion Paper is the result of a joint project between EFRAG, the ANC and the FRC, as part of EFRAG�s proactive agenda.

EFRAG PRC Summary 12 June

11 Jul 2012

The summary of the EFRAG Planning and Resource Committee meeting held on 12 June 2012 has been published and can be downloaded here.

EFRAG PRC Meeting on Friday 13 July 2012

10 Jul 2012

EFRAG announces that it will hold a public meeting on Friday 13 July 2012 from 12:00 - 13:05 hrs in the EFRAG offices in Brussels.

EFRAG Draft Comment Letter on the IFRS Interpretations Committee's Draft Interpretation DI/2012/2 Put Options Written on Non-controlling Interests

6 Jul 2012

EFRAG has issued its draft comment letter on the IFRS Interpretations Committee�s Draft Interpretation DI/2012/2 Put Options Written on Non-controlling Interests. Comments on the letter are invited by 19 September 2012.

EFRAG Draft Comment Letter on the IFRS Interpretations Committee's Draft Interpretation DI/2012/1 Levies Charged by Public Authorities on Entities that Operate in a Specific Market

5 Jul 2012

EFRAG has issued its draft comment letter on the IFRS Interpretations Committee�s Draft Interpretation DI/2012/1 Levies Charged by Public Authorities on Entities that Operate in a Specific Market. The letter can be downloaded here. Comments on the letter are invited by 22 August 2012.

EFRAG reports on consolidated input received in European outreach events on the discussion paper on Business Combinations Under Common Control

5 Jul 2012

EFRAG is issuing a consolidated feedback statement summarising the input received from the four European events held from March to May 2012. Locations included London, Milan, Vienna, and Warsaw.

EFRAG PRC Conference Call on Friday 6 July 2012

4 Jul 2012

EFRAG announces that it will hold a public conference call on Friday 6 July 2012 from 8:00 - 10:00h CET.

Call for EFRAG TEG Applicants

3 Jul 2012

EFRAG SB Summary 22 May

3 Jul 2012

The summary of the EFRAG Supervisory Board meeting held on 22 May 2012 has been published and can be downloaded here.

EFRAG TEG Conference call 13 July 2012

3 Jul 2012

EFRAG announces that it will hold a public conference call on 13 July 2012 from 10:00 to 12:00 CET

EFRAG TEG Conference call 2 July 2012

27 Jun 2012

EFRAG announces that it will hold a public conference call on 2 July 2012 from 10:00 to 11:30 CET

EFRAG Update June 2012

27 Jun 2012

The June 2012 edition of EFRAG Update, summarising the discussions held at the recent CFSS and EFRAG TEG meetings, has been published and can be downloaded here.

EFRAG requests comments on its draft endorsement advice and draft effects study report on the Annual Improvements to IFRSs 2009-2011 Cycle

25 Jun 2012

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Annual Improvements to IFRSs 2009-2011 Cycle (the Amendments). It is consulting both on its assessment of the Amendments against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from their implementation and application in the EU. Comments are requested by 25 July 2012.

Endorsement Status Report Update

25 Jun 2012

EFRAG has issued its draft endorsement advice letter on Annual Improvements to IFRSs (2009-2011 Cycle). Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG reports on input received in European Outreach event held on 15 March in Milan on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax'

14 Jun 2012

EFRAG is issuing a feedback statement reflecting input received in the EFRAG - UK ASB - OIC event on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax'.

Call for new members of the EFRAG Financial Instruments Working Group

12 Jun 2012

EFRAG has decided to renew the membership of the EFRAG Financial Instruments Working Group (EFRAG FIWG).

EFRAG Draft Comment Letter on the IFRS Interpretations Committee's tentative rejection notice in relation to the restructuring of Greek government bonds

11 Jun 2012

EFRAG has issued its draft comment letter on the IFRS Interpretations Committee�s tentative rejection notice in relation to the restructuring of Greek government bonds. The letter can be downloaded here. Comments on the letter are invited by 12 July 2012.

EFRAG's Draft Comment Letter on the IASB's ED/2012/1 Annual Improvements to IFRSs 2010-2012 Cycle

8 Jun 2012

EFRAG has issued its draft comment letter to the IASB on its Exposure Draft Annual Improvements to IFRSs 2010-2012 Cycle (�the ED�). The letter can be downloaded here. Comments are invited on the letter by 22 August 2012.

EFRAG�s endorsement advice and effects study report on Government Loans (Amendments to IFRS 1)

6 Jun 2012

EFRAG has completed its due process regarding Government Loans (Amendments to IFRS 1) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

Endorsement Status Report Update

6 Jun 2012

EFRAG has issued its endorsement advice letter on Amendments to IFRS 1 Government Loans. In addition, in the light of the endorsement by the European Commission of the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income and Amendments to IAS 19 Employee Benefits, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG TEG Conference call 6 June 2012

5 Jun 2012

EFRAG announces that it will hold a public conference call on 6 June 2012 from 10:00 to 11:15 CET

Endorsement Status Report Update

4 Jun 2012

On 1 June 2012 the ARC voted on a regulation that requires IFRS 10, IFRS 11, IFRS 12, IAS 27 and IAS 28 to be applied, at the latest, as from the commencement date of a company's first financial year starting on or after 1 January 2014 (i.e. early adoption would be permitted once the standards have been endorsed). Therefore, EFRAG has updated the EFRAG Endorsement Status Report to reflect this fact, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG PRC Meeting 12 June

1 Jun 2012

EFRAG announces that it will hold its next Planning and Resource Committee (EFRAG PRC) meeting on Monday 12 June.

Endorsement Status Report Update

1 Jun 2012

During its meeting on 1 June 2012, the ARC voted in favour of the adoption of a number of standards (including IFRS 10 and IFRS 11), amendments to standards and one IFRIC Interpretation issued by the IASB. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG reports on findings of supplementary study regarding consolidation of Special Purpose Entities (SPEs) under IFRS 10 Consolidated Financial Statements

1 Jun 2012

EFRAG is issuing the supplementary study on the impact of IFRS 10 on the consolidation of SPEs, which was undertaken by the EFRAG secretariat to serve as input for the impact assessment of IFRS 10 for the European Commission, in cooperation with the staff of certain European National Standards Setters.

EFRAG reports on input received in European Outreach event held on 18 April in Vienna on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax'

1 Jun 2012

EFRAG reports on input received in European Outreach event held on 15 May in Warsaw on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax'

30 May 2012

Call for new members of the EFRAG Insurance Accounting Working Group

30 May 2012

EFRAG has decided to renew the membership of the Insurance Accounting Working Group (EFRAG IAWG)

EFRAG reports on input received in European Outreach event held on 17 April in Amsterdam on the discussion paper 'Improving Financial Reporting of Income Tax'

29 May 2012

EFRAG is issuing a feedback statement reflecting input received in the EFRAG - UK ASB event on the discussion paper 'Improving Financial Reporting of Income Tax'.

EFRAG PRC Conference Call on 23 May 2012

18 May 2012

EFRAG announces that the EFRAG Planning and Resource Committee will hold a public conference call on Wednesday, 23 May 2012 from 16:00 - 17h30 CEST.

The 2011 Annual Review is available!

16 May 2012

The EFRAG Annual Review 2011 has been published and is available for download.

EFRAG Update May 2012

16 May 2012

The May 2012 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

EFRAG reports on input received in European Outreach event held on 16 April in London on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax'

10 May 2012

EFRAG TEG Meeting 9, 10 and 11 May 2012

7 May 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 9, 10 and 11 May 2012.

Field-test for preparers on the general hedge accounting Review Draft

7 May 2012

EFRAG will conduct a joint field-test of the revised IASB proposals on general hedge accounting. The Review Draft on general hedge accounting, which is expected to be released by the IASB by the end of June 2012, will introduce significant changes to the current general hedge accounting requirements. The main purposes of the field-test are to test the operationality of the proposals, whether the standard will operate as intended, and gather information to assess the quality and effects of the future accounting standard and the usefulness of the information that will result from applying the requirements, as well as to assess the level of effort required to implement and apply the requirements. This field-test is conducted by EFRAG in partnership with National Standard Setters in Europe who are interested in participating in the study. ANC, ASB, ASCG and the OIC have already agreed to participate.

EFRAG SB Meeting 22 May

26 Apr 2012

EFRAG announces that it will hold its next Supervisory Board (EFRAG SB) meeting on Tuesday 22 May.

EFRAG comment letter on the IASB ED Revenue from Contracts with Customers

25 Apr 2012

EFRAG has issued its comment letter in response to the IASB�s ED Revenue from Contracts with Customers (ED/2011/6). The comment letter can be downloaded here.

EFRAG, the ASB and the OIC organise outreach event on Proactive Discussion Papers jointly with the KSR, the KiBR and the SKwP

16 Apr 2012

EFRAG, the UK Accounting Standard Board, the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - and the Polish Accounting Standards Committee (KSR) organise their joint outreach event on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting Of Income Tax' on 15 May in Warsaw from 12 to 15.30 pm. The outreach is organised together with the National Chamber of Statutory Auditors (KiBR) and the Association of Accountants in Poland (SKwP).

Endorsement Status Report Update

6 Apr 2012

EFRAG has updated its endorsement status report

EFRAG requests comments on its draft endorsement advice and draft effects study report on Government Loans (Amendments to IFRS 1)

6 Apr 2012

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of Government Loans (Amendments to IFRS 1). It is consulting both on its assessment of the Amendments against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from its implementation and application in the EU. Comments are requested by 7 May 2012.

EFRAG�s endorsement advice and effects study report on Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32) and Disclosures�Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7)

6 Apr 2012

EFRAG has completed its due process regarding the Amendments to IAS 32 and IFRS 7 (as issued by the IASB in December 2011) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG's Final Endorsement Advice and Effects Study Report on IFRS 10, IFRS 11, IFRS 12, IAS 27 (2011) and IAS 28 (2011)

6 Apr 2012

EFRAG has completed its due process regarding IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, IAS 27 (amended 2011) Separate Financial Statements and IAS 28 (amended 2011) Investments in Associates and Joint Ventures (the Standards) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG Update April 2012

6 Apr 2012

The April 2012 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG and CFSS meetings, has been published and can be downloaded here.

EFRAG's final comment letter on ESMA Considerations of Materiality in Financial Reporting

27 Mar 2012

EFRAG has issued its final comment letter on ESMA Consultation paper Considerations of Materiality in Financial Reporting.

EFRAG's Final Comment Letter on the IASB's ED Transition Guidance (Proposed amendments to IFRS 10)

26 Mar 2012

EFRAG has issued its final comment letter on the IASB's Exposure Draft Transition Guidance (Proposed amendments to IFRS 10). The letter can be downloaded here.

EFRAG invites companies to participate in a supplementary study on how IFRS 10 will affect the consolidation of Special Purpose Entities (SPEs)

21 Mar 2012

This supplementary study is intended to serve as input to the impact assessment of IFRS 10 by the European Commission, in addition to, and separately from, EFRAG endorsement advice. It is meant to illustrate the impacts of IFRS 10 Consolidated Financial Statements on the scope of consolidation in relation to Special Purpose Entities (SPEs). The study is conducted by EFRAG staff in close cooperation with the staff of National Standard Setters in Europe who are interested in participating in the study.

EFRAG TEG Conference call 23 March 2012

19 Mar 2012

EFRAG announces that it will hold a public conference call on 23 March 2012 from 14:30 to 16:00 CET

Endorsement Status Report Update

19 Mar 2012

The IASB issued Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards � Government Loans. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG PRC Conference Call Wednesday 21 March 2012

19 Mar 2012

EFRAG announces that it will hold a public conference call on Wednesday 21 March 2012 from 14:00 - 16:00h CET.

EFRAG, the DASB and the ASB organise outreach event on Proactive Discussion Paper

19 Mar 2012

EFRAG, the UK and the Dutch Accounting Standard Boards organise their joint outreach event on the discussion paper 'Improving Financial Reporting of Income Tax' on 17 April in Amsterdam from 12.30 pm till 16 pm.

EFRAG, the AFRAC, the ASB and the OIC organise outreach event on Proactive Discussion Papers

19 Mar 2012

EFRAG, the UK Accounting Standard Board, the Austrian Accounting Standard Board and the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - organise their joint outreach event on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting Of Income Tax' on 18 April in Vienna from 2 pm till 6 pm.

IASB and EFRAG discuss status of ongoing projects and other topics

13 Mar 2012

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) delegation met on 9 March 2012 to discuss the IASB�s ongoing work on the four major open projects and to address a number of other matters. EFRAG is the private sector body responsible for stimulating debate in Europe about the evolution of International Financial Reporting Standards (IFRSs) and for providing input to the work of the IASB, after appropriate due process, on behalf of Europe.

EFRAG, the ASB and the OIC organise outreach event on Proactive Discussion Papers

13 Mar 2012

EFRAG, the UK Accounting Standard Board and the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - organise their joint outreach event on the discussion papers 'Business Combination Under Common Control' and 'Improving Financial Reporting Of Income Tax' on 16 April in London from 2 pm till 5 pm.

Call for EFRAG Supervisory Board Candidates

8 Mar 2012

The term of the EFRAG Supervisory Board members expires in the middle of 2012. The EFRAG Governance and Nominating Committee (EFRAG GNC) is looking for high level candidates from a wide range of backgrounds and geographical origins. Applications are welcomed by 15 May 2012.

EFRAG/IASB Joint Meeting 9 March 2012

7 Mar 2012

EFRAG and the IASB will hold a joint meeting on 9 March 2012 in London.

EFRAG TEG Meeting 20 March 2012

6 Mar 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meeting on 20 March 2012.

EFRAG Update February 2012

1 Mar 2012

The February 2012 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

EFRAG and the Italian Standard Setter OIC outreach event on Proactive Discussion Papers

29 Feb 2012

EFRAG and the Italian Standard Setter OIC - Organismo Italiano di Contabilita' - organise their joint outreach event on the discussion papers 'Business Combination Under Common Control' and 'Improving Financial Reporting Of Income Tax' on 15 March in Milan from 2 pm till 6 pm.

EFRAG reports on the findings of the field-tests on implementing IFRS 10, IFRS 11 and IFRS 12

27 Feb 2012

The EFRAG secretariat has issued a Feedback Report that summarises the findings and input received from companies which participated in the field-tests on implementing IFRS 10, IFRS 11 and IFRS 12.

EFRAG seeks a new Research Director

17 Feb 2012

EFRAG is seeking a full-time Research Director, who will be based in Brussels and report directly to the EFRAG Chairman. The EFRAG Research Director is part of the EFRAG management team. The Research Director will also be expected to become involved in the wider promotion of EFRAG.

EFRAG extends comments deadline on its draft comment letter on ESMA Considerations on Materiality in Financial Reporting

16 Feb 2012

ESMA has extended the deadline for the consultation on the considerations of materiality in financial reporting. For this reason, and to allow all interested stakeholders more time to respond to its draft comment letter, EFRAG has decided to extend its own comments deadline to 16 March 2012.

EFRAG SB Summary 8 February

13 Feb 2012

The summary of the EFRAG Supervisory Board meeting held on 8 February 2012 has been published and can be downloaded here.

Endorsement Status Report Update

9 Feb 2012

EFRAG has issued its draft endorsement advice letters on IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosures of Interests in Other Entities, IAS 27 Separate Financial Statements and IAS 28 Investments in Associates and Joint Ventures. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG requests comments on its draft endorsement advice(s) and draft effects study report(s) on IFRS 10, IFRS 11, IFRS 12, IAS 28 (2011) and IAS 27 (2011)

9 Feb 2012

EFRAG has issued its initial assessments of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, IAS 27 (amended 2011) Separate Financial Statements and IAS 28 (amended 2011) Investments in Associates and Joint Ventures (the Standards).

EFRAG TEG Conference call 8 February 2012

7 Feb 2012

EFRAG announces that it will hold a public conference call on 8 February 2012 from 10:00 to 12:00 CET

EFRAG TEG Meeting 22, 23 and 24 February 2012

2 Feb 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 22, 23 and 24 February 2012.

EFRAG's comment letter in response to the 4th batch of IFRS for SMEs draft Q&As

31 Jan 2012

EFRAG has issued its comment letter in response to the fourth batch of draft Q&As related to the IFRS for SMEs. The comment letter can be downloaded here.

EFRAG's draft comment letter on ESMA Considerations of Materiality in Financial Reporting

27 Jan 2012

EFRAG has issued its draft comment letter on ESMA Consultation paper Considerations of Materiality in Financial Reporting. The letter can be downloaded here below. Comments are invited on the letter by 27 February 2012 (extended to 16 March 2012).

Endorsement Status Report Update

26 Jan 2012

EFRAG has issued its draft endorsement advice letters on the Amendments to IFRS 7 Disclosures � Offsetting Financial Assets and Financial Liabilities and Amendments to IAS 32 Offsetting Financial Assets and Financial Liabilities. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG requests comments on its draft endorsement advice and effects study report on Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32 and IFRS 7)

26 Jan 2012

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Amendments to IAS 32 - Offsetting Financial Assets and Financial Liabilities and IFRS 7 - Disclosures�Offsetting Financial Assets and Financial Liabilities. It is consulting both on its assessment of the Amendments to IAS 32 and IFRS 7 against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from their implementation and application in the EU. Comments are requested by 25 February 2012.

EFRAG expects to issue an invitation to comment on its initial assessments of IFRS 10, IFRS 11 and IFRS 12 on 1 February 2012 with a comment period until 8 March 2012

24 Jan 2012

EFRAG expects to approve its initial assessments of IFRS 10, IFRS 11, IFRS 12, IAS 27 (amended 2011) and IAS 28 (amended 2011) (the Standards) at a conference call meeting on 31 January 2012

EFRAG TEG Conference call 26 January 2012

23 Jan 2012

EFRAG announces that it will hold a public conference call on 26 January 2012 from 10:00 to 11:00 CET

EFRAG Update January 2012

23 Jan 2012

The January 2012 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

EFRAG TEG Conference call 31 January 2012

23 Jan 2012

EFRAG announces that it will hold a public conference call on 31 January 2012 from 10:00 to 12:00 CET

EFRAG�s endorsement advice and effects study report on IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine

20 Jan 2012

EFRAG has completed its due process regarding IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG�s endorsement advice and effects study report on the Amendments to IFRS 1 Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters

20 Jan 2012

EFRAG has completed its due process regarding the Amendments to IFRS 1 Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG's Final Endorsement Advice and Effects Study Report on IFRS 13 (Issued May 2011)

20 Jan 2012

EFRAG has completed its due process regarding IFRS 13 (as issued by the IASB in May 2011) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

Endorsement Status Report Update

20 Jan 2012

EFRAG has issued its endorsement advice letters on IFRS 13 - Fair Value Measurement; Amendments to IAS 12 Deferred Tax: Recovery of Underlying Assets; Amendments to IFRS 1 Severe Hyperinflation and Removal of Fixed Dates for First-Time Adopters; and IFRIC Interpretation 20: Stripping Costs in the Production Phase of a Surface Mine. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG�s endorsement advice and effects study report on the Amendments to IAS 12 Deferred Tax: Recovery of Underlying Assets

20 Jan 2012

EFRAG has completed its due process regarding the Amendments to IAS 12 Deferred Tax: Recovery of Underlying Assets (�the Amendments�) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG's draft comment letter on the IASB's ED Revenue from Contracts with Customers

20 Jan 2012

EFRAG has issued its draft comment letter on the IASB's ED Revenue from Contracts with Customers. The letter can be downloaded here. Comments are invited on the letter by 9 March 2012.

EFRAG PRC and EFRAG Reference Group joint meeting Summary - 11 January 2012

19 Jan 2012

The summary of the EFRAG PRC and Reference Group joint meeting held on 11 January 2012 has been published and can be downloaded here.

EFRAG SB Meeting 8 February

19 Jan 2012

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Wednesday 8 February.

EFRAG Draft Comment Letter on the IASB ED Transition Guidance (Proposed amendments to IFRS 10)

19 Jan 2012

EFRAG has issued its draft comment letter on the IASB Exposure Draft Transition Guidance (Proposed amendments to IFRS 10). The letter can be downloaded here. Comments on the letter are invited by 9 March 2012.

EFRAG's final comment letter on the IASB's ED Investment Entities

18 Jan 2012

EFRAG has issued its final comment letter on the IASB's ED Investment Entities. The letter can be downloaded here.

EFRAG and ICAS research funding opportunity: The use of information by capital providers

18 Jan 2012

The European Financial Reporting Advisory Group (EFRAG) and The Institute of Chartered Accountants of Scotland (ICAS) invite expressions of interest to undertake a literature review on the use of information by capital providers.

EFRAG final comment letter on ED Government Loans (Proposed Amendments to IFRS 1)

18 Jan 2012

EFRAG submitted today to the IASB its comment letter on the Exposure Draft Government Loans (Proposed Amendments to IFRS 1). The letter can be downloaded here.

EFRAG TEG Meeting 16, 17 and 18 January 2012

12 Jan 2012

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 16, 17 and 18 January 2012.

EFRAG PRC and EFRAG Reference Group joint meeting 11 January 2012

5 Jan 2012

EFRAG announces that the next joint meeting of the EFRAG Planning & Resource Committee (EFRAG PRC) and the EFRAG Reference Group will take place on 11 January 2012

Discussion Paper 'Improving the Financial Reporting of Income Tax'

22 Dec 2011

The European Financial Reporting Advisory Group (EFRAG) and the Accounting Standards Board (UK ASB) of the FRC have published today a Discussion Paper, �Improving the Financial Reporting of Income Tax�. The Discussion Paper results from a project developed by EFRAG and the UK ASB jointly, as part of EFRAG�s proactive agenda.

BEST WISHES FROM EFRAG!

21 Dec 2011

Chairman Fran�oise Flores and the EFRAG team would like to thank you for all your contributions to their consultation work and participation in their events this year. May 2012 bring excellent developments for IFRS in Europe and the world! Best wishes!

Endorsement Status Report Update

21 Dec 2011

On 16 December 2011, the IASB issued Amendments to IAS 32 Offsetting Financial Assets and Financial Liabilities, Amendments to IFRS 7 Disclosures - Offsetting Financial Assets and Financial Liabilities and Amendments to IFRS 9 and IFRS 7 Mandatory Effective Date and Transition Disclosures. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG reports on consolidated input received in European outreach events on the IASB Agenda Consultation 2011

21 Dec 2011

EFRAG is issuing a consolidated feedback statement summarising the input received from the eight European events held from October to November 2011. Locations included Frankfurt, Copenhagen, Oslo, Amsterdam, Stockholm, Warsaw, Madrid and Brussels.

NEW EFRAG TEG COMPOSITION AS OF APRIL 2012

21 Dec 2011

EFRAG�s Supervisory Board appoints Joanna Frykowska from Ernst & Young Poland and Serge Pattyn from Emerio Belgium as new EFRAG TEG members, and reappoints Mike Ashley as EFRAG TEG Vice-Chairman and Nicklas Grip, Nicolas de Paillerets, Hans Schoen, and Andrea Toselli as EFRAG TEG members.

EFRAG requests the IASB to consider comment deadlines on the Exposure Draft Revenue from Contracts with Customers and the Review Draft on General Hedge Accounting

15 Dec 2011

Today EFRAG has written to the IASB to request that the comment period on the Exposure Draft Revenue from Contracts with Customers be extended by 60 days and that the comment period on the Review Draft on General Hedge Accounting is set such that constituents have three months, outside their year-end closing period, to respond and participate in field-testing activities.

EFRAG Update December 2011

14 Dec 2011

The December 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG CFSS and TEG meetings, has been published and can be downloaded here.

EFRAG requests deferral of the effective dates of IFRS 10, 11 and 12

9 Dec 2011

EFRAG requests the effective date of IFRS 10, IFRS 11, IFRS 12, IAS 27 and IAS 28 to be deferred to the later of (a) 1 January 2014 or (b) 12 months after the amendments to IFRS 10 and the standard on investment entities have both been published

EFRAG requests comments on its draft endorsement advice and effect study report on the Amendments to IFRS 1 Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters (�the Amendments�)

8 Dec 2011

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Amendments. Comments are requested by 8 January 2012.

Endorsement Status Report Update

8 Dec 2011

During its meeting on 7 December 2011, the ARC voted in favour of Amendments to IAS 19 Employee Benefits (published by IASB in June 2011) and to IAS 1 Presentation of Financial Statements - Presentation of items of other comprehensive income (published by IASB in June 2011). EFRAG has also published the draft endorsement advice on amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards - Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Amsterdam on 2 November 2011

7 Dec 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG � DASB event on the IASB Agenda Consultation 2011 in Amsterdam on 2 November 2011.

EFRAG's final comment letter on the IASB Agenda Consultation 2011

5 Dec 2011

EFRAG has issued its final comment letter in response to the IASB Agenda Consultation 2011. The final comment letter can be downloaded here.

EFRAG CFSS/TEG Meeting 7 December; EFRAG TEG meeting 8 and 9 December 2011

5 Dec 2011

EFRAG announces that it will hold the next Consultative Forum of National Standard Setters (EFRAG CFSS) and Technical Expert Group (EFRAG TEG) meetings on 7, 8 and 9 December 2011.

EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Copenhagen on 31 October 2011

4 Dec 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG, DI - Confederation of Danish Industry and FSR - danske revisorer event on the IASB Agenda Consultation 2011 in Copenhagen on 31 October 2011.

EFRAG SB summary - 24 November

2 Dec 2011

The summary of the EFRAG Supervisory Board meeting held on 24 November 2011 has been published and can be downloaded here.

EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Brussels on 25 November 2011

2 Dec 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG � European Commission event on the IASB Agenda Consultation 2011 in Brussels on 25 November 2011.

EFRAG's draft comment letter in response to the 4th batch of IFRS for SMEs draft Q&As

1 Dec 2011

EFRAG has issued its draft comment letter in response to the fourth batch of draft Q&As related to the IFRS for SMEs. Comments on the letter are invited by 18 January 2012. The draft comment letter can be downloaded here.

EFRAG's comment letter in response to the 3rd batch of IFRS for SMEs draft Q&As

30 Nov 2011

EFRAG has issued its comment letter in response to the third batch of draft Q&As related to the IFRS for SMEs. EFRAG recommends not issuing any of the Q&As. The comment letter can be downloaded here.

EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Oslo on 1 November 2011

29 Nov 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG � NASB event on the IASB Agenda Consultation 2011 in Oslo on 1 November 2011.

EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Stockholm on 9 November 2011

29 Nov 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG � SFRB event on the IASB Agenda Consultation 2011 in Stockholm on 9 November 2011.

Endorsement Status Report Update

28 Nov 2011

In the light of the endorsement by the European Commission of Amendments to IFRS 7 Financial Instruments: Disclosures �Transfers of Financial Assets (published by IASB in October 2010), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Warsaw on 15 November 2011

28 Nov 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG � Polish ASC, KSR, and KIBR event on the IASB Agenda Consultation 2011 in Warsaw on 15 November 2011.

29 November EFRAG TEG conference call has been cancelled

28 Nov 2011

EFRAG announces that the public conference call scheduled for 29 November 2011 from 14h00 - 16h00 CET has been cancelled

EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Madrid on 16 November 2011

25 Nov 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG � ICAC event on the IASB Agenda Consultation 2011 in Madrid on 16 November 2011.

EFRAG PRC Conference Call 30 November 2011

25 Nov 2011

EFRAG announces that the next Public Conference Call of the EFRAG Planning & Resource Committee (EFRAG PRC) will take place on 30 November 2011.

EFRAG TEG conference call 29 November 2011

24 Nov 2011

EFRAG announces that it will hold a public conference call on 29 November 2011 from 14:00 - 14:30 CET

EFRAG PRC Conference Call 23 November 2011

21 Nov 2011

EFRAG announces that the next Public Conference Call of the EFRAG Planning & Resource Committee (EFRAG PRC) on preparation of EFRAG final Comment Letter on IASB agenda consultation will take place on 23 November 2011.

EFRAG and European Commission European Outreach Event on the IASB Agenda Consultation: Your last chance to get direct influence on the IASB agenda!

18 Nov 2011

After having organised jointly with the National Standard Setters successful outreach events on the IASB agenda consultation in Frankfurt, Copenhagen, Oslo, Amsterdam, Stockholm, Warsaw and Madrid, EFRAG and the European Commission look forward to welcoming you to their joint European outreach event on Friday 25 November 2011 in Brussels (10.30 -13.00 hrs). Add your input to the European positions expressed by EFRAG and the European Commission!

EFRAG requests comments on its draft endorsement advice and draft effects study report on IFRS 13 Fair Value Measurement

18 Nov 2011

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of IFRS 13 - Fair Value Measurement. It is consulting both on its assessment of IFRS 13 against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from its implementation and application in the EU. Comments are requested by 18 December 2011

EFRAG requests comments on its draft endorsement advice and effect study report on the Amendments to IAS 12 Deferred Tax (2010): Recovery of Underlying Assets (�the Amendments�)

18 Nov 2011

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Amendments. Comments are requested by 18 December 2011.

Endorsement Status Report Update

18 Nov 2011

EFRAG has issued its draft endorsement advice letters on IFRS 13 - Fair Value Measurement and Amendments to IAS 12 Deferred Tax (2010): Recovery of Underlying Assets. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG's draft comment letter on the IASB's ED Government Loans (Proposed Amendmends to IFRS1)

18 Nov 2011

EFRAG has issued its draft comment letter on the Exposure Draft - Government Loans (Proposed Amendments to IFRS 1). The letter can be downloaded here. Comments are invited on the letter by 27 December 2011

Change in the address for the Outreach event on the IASB post-convergence Agenda Consultation in Madrid

14 Nov 2011

EFRAG and the Spanish Standard Setter ICAC � Instituto de Contabilidad y Auditor�a de Cuentas � announce that the address for the Outreach event on the IASB post-convergence Agenda Consultation on 16 November in Madrid has changed.

EFRAG SB Meeting 24 November

14 Nov 2011

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Thursday 24 November.

EFRAG Update November 2011

14 Nov 2011

The November 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

EFRAG TEG conference call 18 November 2011

14 Nov 2011

EFRAG announces that it will hold a public conference call on 18 November 2011 from 10h00 - 11h30 CET

EFRAG requests comments on its draft endorsement advice and draft effects study report on IFRIC 20 - Stripping Costs in the Production Phase of a Surface Mine

9 Nov 2011

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of IFRIC 20 - Stripping Costs in the Production Phase of a Surface Mine (IFRIC 20). It is consulting both on its assessment of IFRIC 20 against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from its implementation and application in the EU. Comments are requested by 9 December 2011

EFRAG reports on input received in European outreach on the IASB Agenda Consultation 2011 - meeting in Frankfurt on 7 October 2011

7 Nov 2011

EFRAG is issuing a feedback statement reflecting input received at the EFRAG � ASCG event on the IASB Agenda Consultation 2011 in Frankfurt on 7 October 2011.

User questionnaire on accounting for intangible assets

3 Nov 2011

The Australian Accounting Standards Board (AASB) is conducting a study on the accounting for acquired intangible assets under IFRS.

EFRAG TEG Meeting 7 and 8 November 2011

2 Nov 2011

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 7 and 8 November 2011.

EFRAG and the Spanish Standard Setter ICAC outreach event on the IASB Agenda Consultation

28 Oct 2011

EFRAG and the Spanish Standard Setter ICAC � Instituto de Contabilidad y Auditor�a de Cuentas �organise their joint outreach event on the IASB post-convergence Agenda Consultation on 16 November in Madrid from 11.00 till 14.00 hrs. The event will be held in a round table format. Observers are also welcome to attend.

Final EFRAG comment letter on ED Mandatory effective date of IFRS 9

28 Oct 2011

EFRAG submitted today to the IASB its final comment letter on the Exposure Draft Mandatory Effective Date of IFRS 9. The letter can be downloaded here.

EFRAG Comment Letter on the IASB's ED/2011/2 Improvements to IFRSs

27 Oct 2011

EFRAG has issued its Final Comment Letter to the IASB on the Exposure Draft 'Improvements to IFRSs'

EFRAG TEG conference call 26 October 2011

24 Oct 2011

EFRAG announces that it will hold a public conference call on 26 October 2011 from 10h00 - 11h00 CET

Endorsement Status Report Update

24 Oct 2011

On 19 October 2011, the IASB issued IFRIC Interpretation 20 Stripping Costs in the Production Phase of a Surface Mine. In addition, EFRAG has issued its endorsement advices on the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income and the Amendments to IAS 19 Employee Benefits. Therefore, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG Update October 2011

24 Oct 2011

The October 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG and CFSS meetings, has been published and can be downloaded here.

EFRAG�s endorsement advice and effects study report on the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income

21 Oct 2011

EFRAG has completed its due process regarding the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG's endorsement advice and effects study report on the amended version of IAS 19 Employee Benefits

21 Oct 2011

EFRAG has completed its due process regarding IAS 19 Employee Benefits (as amended in 2011) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

BCUCC Discussion Paper

21 Oct 2011

The European Financial Reporting Advisory Group and the Organismo Italiano di Contabilit� have published today a Discussion Paper �Accounting for Business Combinations under Common Control�. The Discussion Paper is part of EFRAG�s ongoing proactive work with European National Standard Setters.

EFRAG: PAST - PRESENT - FUTURE

20 Oct 2011

Find out about EFRAG's history in a nutshell and plans for the future. Impressions of EFRAG's 10th anniversary with prominent speakers.

EFRAG, the Polish Accounting Standards Committee, together with the Accountants' Association in Poland and the National Chamber of Statutory Auditors, organise an outreach event on the IASB Agenda Consultation

17 Oct 2011

EFRAG, the Polish Accounting Standards Committee, together with the Accountants' Association in Poland and the National Chamber of Statutory Auditors, are pleased to invite you to their joint outreach event on the IASB post-convergence Agenda Consultation on 15 November 2011 in Warsaw (12.00 - 15.00 hrs).

EFRAG and European Commission European Outreach Event on the IASB Agenda Consultation

17 Oct 2011

EFRAG and the European Commission are pleased to invite you to their joint European outreach event on the IASB post-convergence Agenda Consultation on Friday 25 November 2011 in Brussels at the Albert Borschette Conference Centre (10.30 - 13.00 hrs).

EFRAG's Final Comment Letter on the IFRS Interpretations Committee's tentative agenda decision on IAS 12 Income Tax � rebuttable presumption to determine the manner of recovery

14 Oct 2011

EFRAG has issued its final comment letter on the Interpretations Committee's tentative rejection decision on IAS 12 Income tax � rebuttable presumption to determine manner of recovery. The letter can be downloaded here.

EFRAG and Norwegian Accounting Standards Board (NASB) outreach event on the IASB Agenda Consultation.

12 Oct 2011

EFRAG and the Norwegian Accounting Standards Board (NASB) are pleased to invite you to their joint outreach event on the IASB post-convergence agenda consultation on 1 November 2011 in Oslo (12.00 - 15.00 hrs.)

EFRAG and The Swedish Financial Reporting Board outreach event on the IASB Agenda Consultation

11 Oct 2011

EFRAG and the Swedish Financial Reporting Board organise their joint outreach event on the IASB post-convergence agenda consultation on 9 November in Stockholm from 12.00 till 14.30 hrs . The event will be held in a round table format. Observers are also welcome to attend.

EFRAG, The Confederation of Danish Industry (DI) and FSR - Danish Auditors (The Institute of Public Accountants in Denmark) are pleased to announce an EFRAG/IASB Outreach Event on the Future Agenda of the IASB (IASB Agenda Consultation).

10 Oct 2011

EFRAG, the Confederation of Danish Industry (DI) and FSR - Danish Auditors (The Institute of Public Accountants in Denmark) are pleased to invite you to their joint outreach event on the IASB post-convergence Agenda Consultation on 31 October 2011 in Copenhagen (10.00 - 13.00 hrs).

EFRAG PRC Summary - 28 September

7 Oct 2011

The summary of the EFRAG Planning and Resource Committee meeting held on 28 September 2011 has been published and can be downloaded here.

Invitation to the EFRAG-DASB Outreach Event on the Future Agenda of the IASB

5 Oct 2011

EFRAG and the Dutch Accounting Standards Board (DASB) are pleased to invite you to their joint outreach event on the IASB post-convergence Agenda Consultation on Wednesday 2 November 2011 in Amsterdam (from 12.30 to 16.00 hrs).

EFRAG's draft comment letter in response to the 3rd batch of IFRS for SMEs draft Q&As

4 Oct 2011

EFRAG has issued its draft comment letter in response to the third batch of draft Q&As related to the IFRS for SMEs. EFRAG recommends not issuing any of the Q&As. Comments on the letter are invited by 18 November 2011. The draft comment letter can be downloaded here.

European Outreach Meetings on the IASB Agenda Consultation: Invitation to Constituents

30 Sep 2011

EFRAG, in partnership with European National Standard Setters, will organise outreach events on the IASB Agenda Consultation. The events will be held throughout Europe in October and November. A Brussels event will be organised by EFRAG and the European Commission. The purpose of the events is stimulating debate in Europe and collecting European views.

EFRAG and DRSC outreach on IASB Agenda Consultation

30 Sep 2011

EFRAG and the German Accounting Standards Board (DRSC) are pleased to invite you to their joint outreach event on IASB post-convergence Agenda Consultation Friday 7 October 2011 at Frankfurt Airport Conference Center. This event is part of a public discussion the German Standards Board is organising on 7 October from 13.00 to 17.00 hrs. The IASB Agenda Consultation discussion is envisaged to start around 14.00hrs.

EFRAG's draft comment letter on the IASB's ED Investment Entities

29 Sep 2011

EFRAG has issued its draft comment letter on the IASB's ED Investment Entities. The letter can be downloaded here. Comments are invited on the letter by 27 December 2011.

EFRAG requests comments on the proposed amendment to IAS 28 (IASB Exposure Draft Investment Entities)

29 Sep 2011

EFRAG is interested in receiving the views from its constituents. Comments are requested by 27 December 2011.

EFRAG CFSS/TEG meeting 12, 13, 14 October 2011

28 Sep 2011

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) and Technical Experts' Group (TEG) meetings on 12, 13 and 14 October 2011.

EFRAG's Draft Comment Letter on the IFRS Interpretations Committee's tentative agenda decision on IAS 12 Income Tax � rebuttable presumption to determine the manner of recovery

27 Sep 2011

EFRAG has issued its draft comment letter on the Interpretations Committee's tentative rejection decision on IAS 12 Income tax � rebuttable presumption to determine manner of recovery. The letter can be downloaded here.

EFRAG SB summary - 20 September

26 Sep 2011

The summary of the EFRAG Supervisory Board meeting held on 20 September 2011 has been published and can be downloaded here.

REMINDER / Call for EFRAG TEG Applicants � ultimate deadline for submissions: 10 October

23 Sep 2011

The present mandate period for seven of the twelve members of EFRAG�s Technical Expert Group (EFRAG TEG) expires on 31 March 2012. EFRAG is looking for candidates from a wide range of backgrounds and geographical origins and welcomes all applications. EFRAG is in particular looking for candidates from Central and Eastern Europe and for candidates with a user background. We urge all candidates to submit their candidatures at the very latest by 10 OCTOBER 2011.

EFRAG TEG conference call 26 September2011

20 Sep 2011

EFRAG announces that it will hold a public conference call on 26 September 2011 from 14h00 - 15h00 CET

EFRAG Update September 2011

16 Sep 2011

The September 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

EFRAG invites companies to participate in the field-testing of the new standards on consolidation - IFRS 10 and IFRS 12

15 Sep 2011

EFRAG, in partnership with European National Standard Setters, will conduct field-testing of the new requirements on consolidation IFRS 10 Consolidated Financial Statements and IFRS 12 Disclosure Interests in Other Entities, published by IASB in May 2011. The purpose of the field-testing is to identify potential implementation and application difficulty, and to estimate the effort required to implement and apply the new requirements. The findings of the field-testing will be used by EFRAG in developing its technical and its cost and benefit assessment of the new standards against the EU endorsement criteria.

EFRAG invites companies to participate in the field-testing of the new standards on joint arrangements - IFRS 11 and IFRS 12

15 Sep 2011

EFRAG, in partnership with European National Standard Setters, will conduct field-testing of the new requirements on joint arrangements IFRS 11 Joint Arrangements and IFRS 12 Disclosure Interests in Other Entities, published by IASB in May 2011. The purpose of the field-testing is to identify potential implementation and application difficulty, and to estimate the effort required to implement and apply the new requirements. The findings of the field-testing will be used by EFRAG in developing its technical and its cost and benefit assessment of the new standards against the EU endorsement criteria.

EFRAG's draft comment letter on IASB Exposure Draft Mandatory Effective Date of IFRS 9

9 Sep 2011

EFRAG has issued its draft comment letter to the IASB on the Exposure Draft Mandatory Effective Date of IFRS 9. The letter can be downloaded here. Comments on the letter are invited by 17 October 2011.

EFRAG PRC Meeting 28 September 2011

9 Sep 2011

EFRAG announces that the next meeting of the EFRAG Planning & Resource Committee (EFRAG PRC) will take place on 28 September 2011.

EFRAG SB Meeting 20 September

6 Sep 2011

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Tuesday 20 September.

EFRAG invites companies to participate in the field-testing of the forthcoming revised proposals on Revenue Recognition

25 Aug 2011

EFRAG, in partnership with European National Standard Setters and in close coordination with the IASB, will conduct field-testing of the revised IASB proposals on revenue recognition, which are expected to be published by the end of September 2011. The purpose of the field-testing is to identify potential implementation and application concerns, and to estimate the effort required to implement and apply the proposals.

EFRAG TEG Meeting 7, 8 and 9 September 2011

24 Aug 2011

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 7, 8 and 9 September 2011.

TEG conference call 2 September2011

18 Aug 2011

EFRAG announces that it will hold a public conference call on 2 September 2011 from 10:00 - 12:00 CET.

EFRAG's draft comment letter on IASB Agenda Consultation 2011

11 Aug 2011

EFRAG has issued its draft comment letter in response to the IASB Agenda Consultation 2011. The draft comment letter can be downloaded here.

EFRAG Final Comment Letter on the Report of the Trustees Strategy Review

5 Aug 2011

EFRAG has issued its Final Comment Letter on the Report of the Trustees Strategy Review ( Strategy Review II)

EFRAG secretariat reports to the European Commission on input received from a selection of companies regarding costs of implementing Country-by-country reporting

3 Aug 2011

EFRAG secretariat has, at the request of DG Internal Market and Services of the European Commission, collected input from a selection of companies regarding the administrative costs associated with possible supplementary disclosures on a country-by-country basis. This input is summarised in the report on findings that has been forwarded to the European Commission.

EFRAG PRC Meeting 4 August 2011

29 Jul 2011

EFRAG announces that the next meeting of the EFRAG Planning & Resource Committee (EFRAG PRC) will take place on 4 August 2011.

EFRAG requests comments on its draft endorsement advice and draft effects study report on the amended version of IAS 19 Employee Benefits

28 Jul 2011

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the IAS 19 Employee Benefits (as amended in 2011). Comments are requested by 29 September 2011.

EFRAG requests comments on its draft endorsement advice and draft effects study report on the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income

28 Jul 2011

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the Amendments to IAS 1 Presentation of Items of Other Comprehensive Income (the Amendments). It is consulting both on its assessment of the Amendments against the technical criteria for the endorsement in the EU and on its initial assessment of the costs and benefits that would arise from their implementation and application in the EU. Comments are requested by 23 September 2011.

EFRAG reports on the final part of its outreach on the Financial Statement Presentation project

26 Jul 2011

EFRAG has issued a letter to the IASB on the comments on the Paper Financial Statement Presentation, which complements the feedback on the meeting with European constituents published in February 2011 and completes the overall picture of the European views on the IASB�s tentative decisions in respect of the Financial Statement Presentation project.

EFRAG's Draft Comment Letter on the IASB's ED/2011/02 Improvements to IFRSs

20 Jul 2011

EFRAG has issued its draft comment letter to the IASB on its Exposure Draft Improvements to IFRSs (�the ED�). The letter can be downloaded here. Comments are invited on the letter by 30 September 2011.

EFRAG Update July 2011

19 Jul 2011

The July 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

REMINDER / Call for EFRAG TEG Applicants � ultimate deadline for submissions: 10 October

15 Jul 2011

Endorsement Status Report Update

13 Jul 2011

During its meeting on 23 June 2011, the ARC voted in favour of Amendments to IFRS 7 Financial Instruments: Disclosures (issued 7 October 2010). EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG TEG Meeting 13, 14 and 15 July 2011

11 Jul 2011

EFRAG announces that it will hold the next Technical Expert Group (EFRAG TEG) meetings on 13, 14 and 15 July 2011.

EFRAG Update June 2011

16 Jun 2011

The June 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

Share your experience on IFRS 3 Business Combinations and IAS 38 Intangible Assets and contribute to the post- implementation review!

16 Jun 2011

The Australian Accounting Standards Board (AASB) is undertaking on a world-wide basis a survey to gather information for the post-implementation review of IFRS 3 Business Combinations and IAS 38 Intangible Assets in relation to the initial accounting for intangible assets acquired in a business combination.

IASB and EFRAG meet to discuss completion of work plan and future agenda of the IASB

16 Jun 2011

The International Accounting Standards Board (IASB) and the European Financial Reporting Advisory Group (EFRAG) met on 14 June 2011 to review the IASB�s current work programme. EFRAG is the private sector body responsible for stimulating debate in Europe around the evolution of International Financial Reporting Standards (IFRSs) and providing input to the work of the IASB, after appropriate due process, on behalf of Europe.

EFRAG's comment letter in response to the 2nd batch of IFRS for SMEs draft Q&As

15 Jun 2011

On 15 June 2011 EFRAG issued its comment letter in response to the second batch of draft Q&As to the IFRS for SMEs. The letter can be downloaded here.

EFRAG publishes an executive summary of the feedback received in the outreach on the Revenue Recognition and Leases projects

13 Jun 2011

EFRAG has issued an executive summary of the views expressed by European constituents during the outreach meetings on the Revenue Recognition and Leases that were organised jointly with the European National Standard Setters in May 2011.

EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects � meeting in Paris on 24 May 2011

12 Jun 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG � ANC event on the IASB�s re-deliberations in relation to the Revenue Recognition and Leases projects in Paris on 24 May 2011.

EFRAG/IASB Joint Meeting 14 June 2011

10 Jun 2011

EFRAG and the IASB will hold a joint meeting on 14 June 2011 in London.

EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects � meeting in Frankfurt on 9 May 2011

10 Jun 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG � GASB event on the IASB�s re-deliberations in relation to the Revenue Recognition and Leases projects in Frankfurt on 9 May 2011.

EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects � meeting in Madrid on 25 May 2011

7 Jun 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG � ICAC event on the IASB�s re-deliberations in relation to the Revenue Recognition and Leases projects in Madrid on 25 May 2011.

EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects � meeting in Amsterdam on 10 May 2011

1 Jun 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG � DASB event on the IASB�s re-deliberations in relation to the Revenue Recognition and Leases projects in Amsterdam on 10 May 2011.

EFRAG CFSS/TEG meeting 8, 9, 10 June 2011

1 Jun 2011

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) and Technical Experts' Group (TEG) meetings on 8, 9 and 10 June 2011.

Draft Comment Letter on the IFRS Foundation Report of the Trustees Strategy Review

31 May 2011

EFRAG has issued its draft comment letter on the IFRS Foundation report of the Trustees� Strategy Review for public consultation

European Event on Considering the Effects of Accounting Standards

27 May 2011

On 16 May 2011, EFRAG, the UK Accounting Standards Board (ASB) and the European Commission organised a European Event held in Brussels on Considering the Effects of Accounting Standards. The event was a follow up to the Discussion Paper �Considering the Effects of Accounting Standards� issued jointly by EFRAG and UK ASB in January 2011.

EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects � meeting in Helsinki on 9 May 2011

25 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG � The Finnish Accounting Board � FIN-FSA � The Confederation of Finnish Industries event on the IASB�s re-deliberations in relation to the Revenue Recognition and Leases projects in Helsinki on 9 May 2011.

EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects � meeting in Rome on 5 May 2011

24 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG � OIC event on the IASB�s re-deliberations in relation to the Revenue Recognition and Leases projects in Rome on 5 May 2011.

Agenda for the EFRAG PRC meeting of 1 June 2011

20 May 2011

EFRAG has issued its agenda supporting the meeting of the EFRAG PRC which will be held on 1 June 2011 in the EFRAG offices, 35 Square de Mee�s 1000 Brussels.

EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects � meeting in Copenhagen on 3 May 2011

19 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG � DI- FSR event on the IASB�s re-deliberations in relation to the Revenue Recognition and Leases projects in Copenhagen on 3 May 2011.

EFRAG reports on input received in European outreach on the Revenue Recognition and Leases projects � meeting in London on 10 May 2011

19 May 2011

EFRAG is issuing a feedback statement reflecting input received in the EFRAG � UK ASB - ICAEW event on the IASB�s re-deliberations in relation to the Revenue Recognition and Leases projects in London on 10 May 2011.

Invitation to the EFRAG-ANC Outreach event on Revenue Recognition and Leases on 24 May 2011 in Paris

19 May 2011

EFRAG and the national standard setter of France (Autorit� des Normes Comptables - ANC) are pleased to invite you to their joint outreach event on the IASB�s projects on Revenue Recognition and Leases on Tuesday 24 May 2011 in Paris.

EFRAG Update May 2011

18 May 2011

The May 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

EFRAG SB Meeting 10 May 2011 - Summary

17 May 2011

The summary of the EFRAG Supervisory Board meeting held on 10 May 2011 has been published and can be downloaded here.

The 2010 EFRAG Annual Review is available!

11 May 2011

The EFRAG 2010 Annual Review has been published and is available for download.

EFRAG SB Meeting 10 May

10 May 2011

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Tuesday 10 May.

EFRAG reports on input received in outreach on the IASB�s supplementary document on impairment of financial instruments

10 May 2011

EFRAG is issuing a comprehensive feedback statement on the results of its outreach activities carried out on the IASB�s supplementary document on impairment of financial instruments. These activities took place in February and March 2011, in close cooperation with the IASB and FASB technical staff.

European Event on Considering the Effects of Accounting Standards � Programme

4 May 2011

As a follow up to the Discussion Paper Considering the Effects of Accounting Standards, EFRAG and the UK Accounting Standards Board would like to invite you to their special event in Brussels on Monday 16 May from 2.30 pm to 5.00 pm. The event will be hosted by the European Commission at their offices.

EFRAG helps you make a preliminary assessment whether your concerns on Leases and Revenue Recognition have been resolved

29 Apr 2011

EFRAG has prepared summaries of IASB re-deliberations to date on the Revenue Recognition and Leases projects, highlighting the changes made from the Exposure Drafts and the concerns the changes are intended to resolve.

EFRAG's Comment Letter on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities

29 Apr 2011

EFRAG has issued its comment letter on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities. The letter can be downloaded here.

Invitation to the EFRAG-ICAC Outreach event on Revenue Recognition and Leases on 25 May 2011 in Madrid

28 Apr 2011

EFRAG and the Instituto de Contabilidad y Auditoria de Cuentas (ICAC) are pleased to invite you to their joint outreach event on the IASB�s projects on Revenue Recognition and Leases on Wednesday 25 May 2011 in Madrid (from 10.30 to 14.30 hrs).

TEG conference call 29 April 2011

28 Apr 2011

EFRAG announces that it will hold a public conference call on 29 April 2011 from 10h00 - 12h00 CET

EFRAG TEG meeting 12 and 13 May 2011

26 Apr 2011

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 12 and 13 May 2011.

European Event on Considering the Effects of Accounting Standards

22 Apr 2011

As a follow up to the Discussion Paper Considering the Effects of Accounting Standards, EFRAG and the UK Accounting Standards Board would like to invite you to an event in Brussels on Monday 16 May from 2.30 pm to 5.00 pm. The event will be hosted by the European Commission at their offices.

EFRAG welcomes extension of the convergence deadline

22 Apr 2011

Following the publication of the convergence report by the IASB and FASB yesterday, and the interview between Sir David Tweedie, IASB Chairman, and Leslie Seidman, FASB Chairman, released last week on the IFRS Foundation website, EFRAG highly welcomes the agreement reached on the extension of the convergence deadline to the end of 2011 and the supplementary consultation steps that both Boards have decided to undertake to ensure that the final standards can result in improved financial reporting.

EFRAG's draft comment letter in response to the 2nd batch of IFRS for SMEs draft Q&As

18 Apr 2011

EFRAG has issued its draft comment letter in response to the second batch of draft Q&As to the IFRS for SMEs. Comments on the letter are invited by 5 June 2011. The letter can be downloaded here.

Invitation to the EFRAG-UK ASB-ICAEW FRF Outreach event on Revenue Recognition and Leases on 10 May 2011 in London

15 Apr 2011

EFRAG, the UK Accounting Standards Board and the ICAEW Financial Reporting Faculty are pleased to invite you to their joint outreach event on the IASB�s projects on Revenue Recognition and Leases on Tuesday 10 May 2011 in London (from 13.30 to 17.00 hrs).

EFRAG's Final Comment Letter on the IASB's Supplementary Document Financial Instruments: Impairment

13 Apr 2011

On 8 April 2011 EFRAG issued its final comment letter to the IASB in response to the Supplementary Document Financial Instruments: Impairment (the SD), issued on 31 January 2011. The letter can be downloaded here.

EFRAG Update April 2011

12 Apr 2011

The April 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

Invitation to the EFRAG-OIC Outreach event on Revenue Recognition and Leases on 05 May 2011 in Rome

7 Apr 2011

EFRAG and the Organismo Italiano di Contabilit� (OIC) are pleased to invite you to their joint outreach event on the IASB�s projects on Revenue Recognition and Leases on Thursday 05 May 2011 in Rome (from 10.30 to 16.30 hrs).

EFRAG, The Confederation of Danish industry and The FSR � together with the organisations behind the Danish national contribution to EFRAG - invite constituents to their outreach event on the IASB�s projects on Revenue Recognition and Leases

6 Apr 2011

EFRAG, The Confederation of Danish industry and The Institute of State Authorized Public Accountants (FSR) � together with the organisations behind the Danish national contribution to EFRAG - are pleased to invite you to their joint outreach event on the IASB�s projects on Revenue Recognition and Leases on Tuesday 03 May 2011 in Copenhagen (from 12.30 to 16.30 hrs).

Invitation to the EFRAG � KILA Outreach event on Revenue Recognition and Leases on 9 May 2011 in Helsinki

6 Apr 2011

EFRAG and the Finnish Accounting Board (KILA), in co-operation with the Financial Supervisory Authority (FIN-FSA) and the Confederation of Finnish Industries (EK), would like to invite you to participate in an outreach event, the purpose of which is to gather useful input to help the IASB in the finalisation of the standards on Revenue Recognition and Leases and to ensure that the final standards are suitable for use in Europe. The event will be attended by IASB representatives.

EFRAG and the German Accounting Standards Board invite constituents to their outreach event on IASB�s projects on Revenue Recognition, Leases, Insurance Contracts and Financial Instruments

6 Apr 2011

EFRAG and the German Accounting Standards Board (DRSC) are pleased to invite you to their joint outreach event on the IASB�s projects on Revenue Recognition, Leases, Insurance Contracts and Financial Instruments on Monday 9 May 2011 in Frankfurt (from 10.00 to 17.00 hrs).

EFRAG and Dutch Accounting Standards Board invite constituents to the outreach event on IASB�s projects on Revenue Recognition and Leases

4 Apr 2011

EFRAG and the Dutch Accounting Standards Board (DASB) are pleased to invite you to their joint outreach event on the IASB�s projects on Revenue Recognition and Leases on Tuesday 10 May 2011 in Amsterdam (from 12.00 to 16.00 hrs).

EFRAG's comment letter in response to IFRS for SMEs Draft Q&A - Use of the IFRS for SMEs in parent's separate financial statements

4 Apr 2011

EFRAG has issued its comment letter on the IFRS for SMEs Draft Q&A - Use of the IFRS for SMEs in parent's separate financial statements. The letter can be downloaded here.

EFRAG and European National Standard Setters invite Constituents to outreach meetings on the IASB�s main projects

29 Mar 2011

EFRAG, in partnership with European National Standard Setters, will organise outreach events on the main IASB projects, scheduled to be finalised in 2011. The purpose of the events is to provide useful input to the IASB for finalisation of the standards and to ensure that the final standards are suitable for use in Europe, The events will be held throughout Europe in May 2011.

EFRAG-IASB Joint Meeting March 2011 - Summary of main messages

22 Mar 2011

Led by Sir David Tweedie, chairman of the IASB, and Fran�oise Flores, chair of the EFRAG, the meeting focused on the remaining three Memorandum of Understanding projects on financial instruments, leases and revenue recognition, as well as the project on insurance contracts. The EFRAG�s recommendations on these four projects were discussed. The two bodies agreed on the need for the IASB to deliver high quality standards and a commitment to a due process that reflects input from all stakeholders.

EFRAG Update March 2011

17 Mar 2011

The March 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

Summary of the EFRAG PRC meeting held on 2 March 2011

16 Mar 2011

EFRAG has released the summary of the EFRAG PRC meeting held on 2 March in the EFRAG offices.

Agenda for the IASB/EFRAG Joint Meeting announced

16 Mar 2011

EFRAG and the IASB will hold a joint meeting on 18 March 2011 in London. The agenda for this meeting can be found here.

EFRAG endorsement advice and effects study report on the amendments to IFRS 7 Financial Instruments: Disclosures �Transfers of Financial Assets

16 Mar 2011

EFRAG has completed its due process regarding the amendments to IFRS 7 Financial Instruments: Disclosures �Transfers of Financial Assets (the Amendments) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG-IASB Financial Instruments Discussion Forum � feedback report on the meeting with European constituents

14 Mar 2011

EFRAG has issued a feedback report summarising the views expressed by European constituents during the discussion forum on Financial Instruments that was held in Brussels on 28 February 2011.

EFRAG's Final Comment Letter on the IASB's Exposure Draft Hedge Accounting

14 Mar 2011

EFRAG finalised its final comment letter to the IASB in response the Exposure Draft Hedge Accounting (the ED), issued in December 2010. The ED proposes significant changes to hedge accounting for hedges of individual and closed groups of items. Proposals for hedges of open portfolios (also known as macro hedging) are expected later this year. The letter can be downloaded here.

Final Comment Letter on the Trustees Strategy Review

11 Mar 2011

EFRAG has issued its final comment letter on the IFRS Foundation paper for public consultation on the status of the Trustees Strategy Review.

EFRAG urges IASB and FASB to agree on a joint timetable for financial instruments

7 Mar 2011

In a letter dated 4 March 2011, EFRAG recommends that the IASB and the FASB agree on a joint timetable to finalise a converged accounting standard for financial instruments.

EFRAG CFSS/TEG meeting 9, 10, 11 March 2011

3 Mar 2011

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) and Technical Experts' Group (TEG) meeting on 9, 10 and 11 March 2011.

EFRAG SB Meeting 7 February 2011 - Summary

3 Mar 2011

The summary of the EFRAG Supervisory Board meeting held on 7 February 2011 has been published and can be downloaded here.

EFRAG's preliminary position on the IASB's Supplementary Document Financial Instruments: Impairment

2 Mar 2011

EFRAG releases a summary presentation of its preliminary position on the IASB's Supplementary Document Financial Instruments: Impairment

EFRAG's draft comment letter on the IASB's Supplementary Document Financial Instruments: Impairment

28 Feb 2011

EFRAG's draft comment letter on the IASB's Supplementary Document Financial Instruments: Impairment. The letter can be downloaded here. Comments are invited on the letter by 28 March 2011.

EFRAG's Final Comment Letter on the review of the operational efficiency of the IFRS Interpretations Committee

24 Feb 2011

EFRAG has issued its final comment letter on the request from the IFRS Foundation for comments on the operational efficiency of the IFRS Interpretations Committee. The letter can be downloaded here

EFRAG's draft comment letter in response to IFRS for SMEs Draft Q&A - Use of the IFRS for SMEs in parent's separate financial statements

24 Feb 2011

EFRAG has issued its draft comment letter on the IFRS for SMEs Draft Q&A - Use of the IFRS for SMEs in parent's separate financial statements. Comments on the letter are invited by 14 March 2011. The letter can be downloaded here.

EFRAG TEG conference call 24 February 2011

23 Feb 2011

EFRAG announces that it will hold a public conference call on 24 February 2011 from 10h00 - 12h00 CET

Supplement to EFRAG's Draft Comment Letter on the IASB Exposure Draft Hedge Accounting

23 Feb 2011

EFRAG has issued a supplement to its draft comment letter on the IASB Exposure Draft Hedge Accounting. Comments on the letter are invited by 2 March 2011.

Agenda for the EFRAG PRC meeting of 2 March 2011

23 Feb 2011

EFRAG has issued its agenda supporting the meeting of the EFRAG PRC which will be held on 2 March 2011 in the EFRAG offices, 35 Square de Mee�s 1000 Brussels.

Endorsement Status Report Update

22 Feb 2011

In the light of the endorsement by the European Commission of Improvements to IFRSs (Issued by IASB in May 2010), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG's preliminary position on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities

17 Feb 2011

EFRAG releases a summary presentation of its preliminary position on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities

EFRAG's Draft Comment Letter on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities

16 Feb 2011

EFRAG has issued its draft comment letter on the IASB Exposure Draft Offsetting Financial Assets and Financial Liabilities. The letter can be downloaded here. Comments are invited on the letter by 18 April 2011.

EFRAG website unavailable due to maintenance on Monday 21 February

16 Feb 2011

Dear EFRAG web visitors, Our website is undergoing a major maintenance operation on Monday 21 February and will be out of access for the day. It should be up and running again as of Tuesday 22 February. We apologise for any inconvenience this might cause. With best regards, The EFRAG Secretariat

EFRAG Update February 2011

16 Feb 2011

The February 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

EFRAG Outreach on Financial Statement Presentation � feedback report on meetings with European constituents

15 Feb 2011

EFRAG has issued a feedback report summarising the views expressed by European constituents during the outreach meetings on Financial Statement Presentation that were organised jointly with the European National Standard Setters in between September and December 2010.

New EFRAG TEG composition as of April 2011

11 Feb 2011

The EFRAG Supervisory Board appoints Friedrich Siener from Daimler AG as new EFRAG TEG member, and reappoints Gabi Ebbers, Araceli Mora, Anna Sirocka and Andy Simmonds.

Invitation to the Brussels EFRAG-IASB Financial Instruments discussion forum on 28 February 2011

2 Feb 2011

EFRAG is hosting an IASB discussion forum to provide European stakeholders with the opportunity to ask questions, raise possible concerns and provide comments about the IASB�s proposals on hedge accounting, impairment of financial assets and offsetting of financial assets and liabilities, in an open dialogue with an IASB delegation of Board members and staff. Input received will best inform the IASB of those of their proposals which are supported and those which need to be reconsidered, and also be useful to EFRAG�s own due process.

EFRAG TEG meeting 8, 10, 11 February 2011

31 Jan 2011

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 8, 10 and 11 February 2011.

EFRAG SB Meeting 7 February

31 Jan 2011

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Monday 7 February.

EFRAG and the UK ASB issue a discussion paper: 'Considering the effects of accounting standards'

31 Jan 2011

The European Financial Reporting Advisory Group (EFRAG) and the Accounting Standards Board (UK ASB) of the FRC have published today a Discussion Paper, �Considering the Effects of Accounting Standards�. The Discussion Paper results from a project developed by EFRAG and the UK ASB jointly, as part of EFRAG�s proactive agenda.

EFRAG Final Comment Letter on IASB Request for Views on Effective Dates and Transition Methods

31 Jan 2011

EFRAG has issued its final comment letter on the IASB Request for Views on Effective Dates and Transition Methods. The letter can be downloaded here.

TEG conference call 28 January 2011

24 Jan 2011

EFRAG announces that it will hold a public conference call on 28 January 2011 from 10h00 - 12h00 CET

EFRAG's preliminary position on the IASB Exposure Draft Hedge Accounting

20 Jan 2011

EFRAG releases a summary presentation of its preliminary position on the ED Hedge Accounting

EFRAG Update January 2011

19 Jan 2011

The January 2011 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meeting, has been published and can be downloaded here.

EFRAG's Draft Comment Letter on the IASB Exposure Draft Hedge Accounting

18 Jan 2011

EFRAG has issued its draft comment letter on the IASB Exposure Draft Hedge Accounting. The letter can be downloaded here. Comments are invited on the letter by 2 March 2011.

Join EFRAG Now!

18 Jan 2011

YOU ARE A TALENTED FINANCIAL REPORTING PROFESSIONAL, WITH A GENERAL CORPORATE OR FINANCIAL INSTITUTION BACKGROUND, AND WISH TO FURTHER DEVELOP YOUR TECHNICAL ABILITIES IN A MULTICULTURAL AND CO-OPERATIVE ENVIRONMENT: JOIN EFRAG NOW!

EFRAG TEG meeting 12, 13, 14 January 2011

7 Jan 2011

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 12, 13 and 14 January 2011.

BEST WISHES FROM EFRAG

23 Dec 2010

Fran�oise Flores and the EFRAG Team present their sparkling wishes for a great festive season!

Draft Comment Letter on the Status of the Trustees �Strategy Review�

21 Dec 2010

The EFRAG Supervisory Board has issued its draft comment letter on the paper for public consultation from the IFRS Foundation. The public consultation paper addresses the status of the Trustees Strategy Review. The letter can be downloaded here.

EFRAG saddened by the death of Tommaso Padoa-Schioppa

20 Dec 2010

EFRAG has been saddened by the news of the passing away of the Chairman of the IFRS Foundation Tommaso Padoa-Schioppa. This is a great loss for the IFRS Foundation. Our deepest sympathy goes out to his family.

EFRAG Update December 2010

17 Dec 2010

The December 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

EFRAG's views on ED Leases

17 Dec 2010

EFRAG's releases summary of its final comment letter on Leases

Draft Comment Letter on the review of the operational efficiency of the IFRS Interpretations Committee

17 Dec 2010

The EFRAG Supervisory Board has issued its draft comment letter on the request from the IFRS Foundation for comments on the operational efficiency of the IFRS Interpretations Committee . The letter can be downloaded here.

EFRAGs Final Comment Letter on the IASBs Exposure Draft on Leases

16 Dec 2010

EFRAG has issued its comment letter on the IASB's Exposure Draft on Leases. The letter can be downloaded here.

EFRAG calls for candidates for an Advisory Panel on the proactive project on the Role of the Business Model in Financial Reporting

15 Dec 2010

A new proactive project on the Role of the Business Model in Financial Reporting has commenced and a pan-European Advisory Panel is being established to provide expert advice. EFRAG is launching a public call for nominations to the Advisory Panel. If you are interested, please write to us at info@efrag.org by 28 January 2011.

New! Get a quick understanding of EFRAG's views!

15 Dec 2010

EFRAG introduces user-friendly summaries of its draft and final comment letters.

EFRAGs Final Comment Letter on the IASBs ED Insurance Contracts

14 Dec 2010

EFRAG has issued its comment letter on the IASB's ED Insurance Contracts.

EFRAG SB Meeting 3 December 2010 - Summary

14 Dec 2010

The summary of the EFRAG Supervisory Board meeting held on 3 December 2010 has been published and can be downloaded here.

EFRAG requests comments on its draft endorsement advice and draft effects study report on the amendments to IFRS 7 Financial Instruments: Disclosures �Transfers of Financial Assets

9 Dec 2010

EFRAG has issued an Invitation to Comment relating to the endorsement for use in the EU of the amendments to IFRS 7 Financial Instruments: Disclosures �Transfers of Financial Assets (the 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 21 January 2011.

Final Comment Letter on the IFRS Foundation Consultation Document on Criteria for Annual Improvements to IFRSs

6 Dec 2010

The EFRAG Supervisory Board has issued its final comment letter on the IFRS Foundation Consultation Document on Criteria for Annual Improvements to IFRSs, Proposed Amendments to the Due Process Handbook for the IASB.

EFRAG's Comment Letter on the IFRS Interpretations Committee�s Draft IFRIC Interpretation Stripping Cost in the Production Phase of a Surface Mine

3 Dec 2010

EFRAG has issued its comment letter on the IFRS Interpretations Committee�s Draft IFRIC Interpretation Stripping Cost in the Production Phase of a Surface Mine. The letter can be downloaded here.

EFRAG Final Comment Letter on IASB ED Severe Hyperinflation (Proposed amendment to IFRS 1)

3 Dec 2010

EFRAG has issued its final comment letter on the IASB's ED 2010/12 Severe Hyperinflation (Proposed amendment to IFRS 1). The letter can be downloaded here.

EFRAG issues its feedback statement on its proactive consultation

1 Dec 2010

EFRAG issued its Feedback Statement on the public consultation on its Proactive work. The Feedback Statement provides a summary of the comments received, along with EFRAG�s responses and proposed actions.

TEG conference call 2 December 2010

26 Nov 2010

EFRAG announces that it will hold a public conference call on 2 December 2010 from 14h00 - 15h40 CET

EFRAG TEG meeting 8, 9, 10 December 2010

26 Nov 2010

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 8, 9 and 10 December 2010.

CFSS Meeting 7 December 2010

26 Nov 2010

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) on 7 December, 2010.

EFRAG SB Meeting 3 December

23 Nov 2010

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Friday 3 December.

EFRAG Draft Comment Letter on IASB Request for Views on Effective Dates and Transition Methods

22 Nov 2010

EFRAG has issued its draft comment letter on the IASB Request for Views on Effective Dates and Transition Methods. The letter can be downloaded here. Comments are invited on the letter by 21 January 2011.

EFRAG Update November 2010

17 Nov 2010

The November 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

EFRAG extends comment period on Financial Statement Presentation

16 Nov 2010

EFRAG has extended the comment period on its paper on the IASB's staff draft of the ED Financial Statement Presentation until 30 April 2011.

EFRAG and the ASB invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

15 Nov 2010

EFRAG and the ASB are pleased to invite you to their joint outreach event on the IASB's Financial Statement Presentation project on Wednesday 1 December in London (14h.30 to 17h.00)

EFRAG-IASB Joint Meeting November 2010 - Summary of main messages

15 Nov 2010

The summary of the EFRAG-IASB Joint meeting, which was held in London last week, can be downloaded here. The meeting was a friendly and constructive dialogue between EFRAG and the IASB.

EFRAG and the ANC invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

15 Nov 2010

EFRAG and the ANC are pleased to invite you to their joint outreach event on the IASB's Financial Statement Presentation project on Thursday 2 December in Paris (14h.00 to 17h.00)

TEG conference call 17 November 2010

15 Nov 2010

EFRAG announces that it will hold a public conference call on 17 November 2010 from 11h00 - 12h00 CET

EFRAG PRC Conference Call on Wednesday 17th November

10 Nov 2010

The EFRAG PRC will finalise in a conference call the feedback statement resulting from the public consultation on EFRAG's proactive work.

EFRAG's Comment Letter on the IASB's ED Deferred Tax: Recovery of Underlying Assets

9 Nov 2010

EFRAG has issued its comment letter on the IASB Exposure Draft on Deferred Tax: Recovery of Underlying Assets. The letter can be downloaded here

EFRAGs Letter on the IASB staff draft of the forthcoming IFRS Fair Value Measurement

5 Nov 2010

EFRAG today submitted a letter to the IASB in relation to the staff draft of the forthcoming IFRS on Fair Value Measurement. The letter can be downloaded here.

Agenda for the IASB/EFRAG Joint Meeting announced

4 Nov 2010

EFRAG and the IASB will hold a joint meeting on 12 November 2010 in London. The agenda for this meeting can be found here.

EFRAG's Comment Letter on the IFRS Interpretations Committee's tentative agenda decision on IAS 36 Impairment of Assets - Calculation of Value in Use

2 Nov 2010

EFRAG has issued its comment letter on the Interpretations Committee's tentative rejection decision on IAS 36 Impairment of Assets - Calculation of Value in Use. The letter can be downloaded here.

EFRAG Final Comment Letter on IASB ED Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1)

29 Oct 2010

EFRAG has issued its Final Comment Letter on the IASB's ED 2010/10 Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1). The letter can be downloaded here.

Summary of the EFRAG PRC meeting held on 19 October 2010

28 Oct 2010

EFRAG has released the summary of the EFRAG PRC meeting held on 19 October in the EFRAG offices.

TEG conference call 29 October 2010

26 Oct 2010

EFRAG announces that it will hold a public conference call on 29 October 2010 from 10h00 - 11h00 CET

EFRAG Draft Comment Letter on IASB ED Severe Hyperinflation (Proposed amendment to IFRS 1)

22 Oct 2010

EFRAG has issued its draft comment letter on the IASB's ED 2010/12 Severe Hyperinflation (Proposed amendment to IFRS 1). The letter can be downloaded here. Comments are invited on the draft comment letter by 22 November 2010.

EFRAG's comment letter on the IASB's ED Revenue from Contracts with Customers

22 Oct 2010

EFRAG has issued its comment letter in response to the IASB's ED Revenue from Contracts with Customers. The letter can be downloaded here.

TEG conference call 19 October 2010

19 Oct 2010

EFRAG announces that it will hold a public conference call on 19 October 2010 from 10h00 - 12h00 CET

EFRAG TEG meeting 8, 9, 10 November 2010

19 Oct 2010

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 8, 9 and 10 November 2010.

EFRAG Update October 2010

15 Oct 2010

The October 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

EFRAG welcomes the new IASB Leadership

15 Oct 2010

EFRAG welcomes the decision of the IFRS Foundation to appoint Hans Hoogervorst as Chairman of the IASB, succeeding Sir David Tweedie, and the appointment of Ian Mackintosh as Vice-chairman of the IASB.

EFRAG's DCL on the Interpretations Committee's rejection decision on IAS 36 Impairment of Assets - Calculation of Value in Use

13 Oct 2010

EFRAG has issued its draft comment letter on the Interpretations Committee's tentative rejection decision on IAS 36 Impairment of Assets - Calculation of Value in Use. The letter can be downloaded here. EFRAG invites comments by 27 October 2010.

Endorsement Status Report Update

13 Oct 2010

During its meeting of 30 September 2010 the ARC voted in favour of endorsement of Improvements to IFRSs (Issued by IASB in May 2010). EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG and the Swedish Financial Reporting Board invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

13 Oct 2010

EFRAG and the Swedish Financial Reporting Board are pleased to invite you to their joint outreach event on the IASB�s Financial Statement Presentation project on Monday 22 November in Stockholm (13h.00 to 17h.00).

EFRAG's Comment Letter on the IFRS Interpretations Committee tentative agenda decision in relation to Put Options written over Non-Controlling Interests

13 Oct 2010

EFRAG issued its comment letter on the IFRS Interpretations Committee tentative agenda decision in relation to Put Options written over Non-Controlling Interests. The letter can be downloaded here.

EFRAG's Draft Comment Letter on the IASB's ED Deferred Tax: Recovery of Underlying Assets

7 Oct 2010

EFRAG has issued its draft comment letter on the IASB Exposure Draft on Deferred Tax: Recovery of Underlying Assets. The letter can be downloaded here. Comments are invited on the letter by 6 November 2010

Changes in the agenda for the TEG Meeting on 7 October

6 Oct 2010

EFRAG announces that it has changed the Agenda for the Technical Experts Group (TEG) Meeting on 7 October 2010.

Your opportunity to help in shaping the proposals in the incoming ED Financial Statement Presentation

6 Oct 2010

EFRAG has issued a paper on the IASB's staff draft of the ED Financial Statement Presentation. Your input on the issues included in the paper is invited by 1 December 2010. This is your opportunity as a European constituent to influence the development of the IASB project. The paper can be downloaded here.

EFRAG and the Accounting Standards Board of Germany invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

5 Oct 2010

EFRAG and the Accounting Standards Board of Germany (ASCG) are pleased to invite you to their joint outreach event on the IASB�s Financial Statement Presentation project on Tuesday 30 November in Frankfurt/Main (09h30 to 13h00).

Draft Comment Letter on the IFRS Foundation Consultation Document on Criteria for Annual Improvements to IFRSs

1 Oct 2010

The EFRAG Supervisory Board has issued its draft comment letter on the IFRS Foundation Consultation Document on Criteria for Annual Improvements to IFRSs, Proposed Amendments to the Due Process Handbook for the IASB. The letter can be downloaded here. Comments are invited by 15 November 2010.

EFRAG-IASB Joint Meeting August 2010 - Summary of main messages

30 Sep 2010

The summary of the EFRAG-IASB public Joint meeting, which was held in London last August, can be downloaded here. The meeting was a friendly and constructive dialogue between EFRAG and the IASB.

EFRAG-ICAC FSP outreach on 24 November in Madrid - Invitation

30 Sep 2010

EFRAG and the Spanish Accounting Standards Board (ICAC) are pleased to invite you to their joint outreach event on the IASB�s Financial Statement Presentation and Leases projects on Wednesday 24 November in Madrid (starting at 10h30).

EFRAG-OIC FSP Outreach in Rome on 26 November

30 Sep 2010

EFRAG and Organismo Italiano di Contabilit� (OIC) are pleased to invite you to their joint outreach event on the IASB�s Financial Statement Presentation project on Friday 26 November in Rome (starting at 14h00).

EFRAG and the Polish Accounting Standards Committee invite constituents to an outreach meeting on the IASB's Financial Statement Presentation Project

29 Sep 2010

EFRAG and the Polish Accounting Standards Committee (KSR), in co-operation with the Accountants Association in Poland and the National Chamber of Statutory Auditors, are pleased to invite you to their joint outreach event on the IASB�s Financial Statement Presentation project on Friday 26 November in Warsaw (10.30 to 15.30 hrs).

EFRAG's comment letter on the FASB ED Accounting for Financial Instruments

28 Sep 2010

EFRAG finalised its comment letter on the FASB�s ED Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities. The comment letter has been submitted to the FASB and the IASB. The letter can be downloaded here.

EFRAG announces October TEG meeting

28 Sep 2010

EFRAG announces that the next meeting of its Technical Experts Group (TEG) will be held on 6 and 7 October 2010.

CFSS Meeting 5 October 2010

27 Sep 2010

EFRAG announces that it will hold the next Consultative Forum of Standard Setters (CFSS) on 5 October, 2010.

Invitation EFRAG-NRS FSP Outreach 19 November 2010 in Oslo

24 Sep 2010

EFRAG and the Norwegian Accounting Standards Board (NRS) are pleased to invite you to their joint outreach event on the IASB�s Financial Statement Presentation project on Friday 19 November in Oslo (starting at 12.00 hrs).

EFRAG's Draft Comment Letter on Exposure Draft on Leases

24 Sep 2010

EFRAG has issued its draft comment letter on the IASB Exposure Draft on Leases. The letter can be downloaded here. Comments are invited on the letter by 26 November 2010.

EFRAG's comment letter on the IASB�s ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1)

23 Sep 2010

EFRAG finalised its comment letter in response to the IASB's ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1) and submitted it to the IASB. The letter can be downloaded here.

EFRAG public consultation on its Proactive Work: closing date for input of 30 September approaches

23 Sep 2010

We would like to remind our constituents that the deadline for submitting your input on the proactive programme is approaching.

EFRAG's Draft Comment Letter on the IFRS Interpretations Committee�s Draft IFRIC Interpretation Stripping Cost in the Production Phase of a Surface Mine

22 Sep 2010

EFRAG has issued its draft comment letter on the IFRS Interpretations Committee�s Draft IFRIC Interpretation Stripping Cost in the Production Phase of a Surface Mine. The letter can be downloaded here. Comments are invited on the letter by 19 November 2010.

Agenda for the EFRAG PRC meeting of 19 October 2010

22 Sep 2010

EFRAG has issued its agenda supporting the meeting of the EFRAG PRC which will be held on 19 October 2010 in the EFRAG offices, 35 Square de Mee�s 1000 Brussels.

EFRAG draft comment letter on IASB ED Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1)

22 Sep 2010

EFRAG has issued its draft comment letter on the IASB's ED 2010/10 Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1). The letter can be downloaded here. Comments are invited on the draft letter by 21 October 2010.

EFRAG's Draft Comment Letter on the IFRS Intepretations Committee tentative agenda decision in relation to Put Options written over Non-Controlling Interests

21 Sep 2010

EFRAG issued its draft comment letter on the IFRS Intepretations Committee tentative agenda decision in relation to Put Options written over Non-Controlling Interests. The letter can be downloaded here.

EFRAG and the Finnish Accounting Board invite Constituents to an outreach meeting on the IASB�s Financial Statement Presentation project

20 Sep 2010

EFRAG and the Finnish Accounting Board (KILA) in co-operation with the Financial Supervisory Authority (FIN-FSA) and the Confederation of Finnish Industries (EK) are pleased to invite you to their joint outreach event on the IASB�s Financial Statement Presentation project on Monday 15 November in Helsinki (starting at 14.00 hrs).

EFRAG's Draft Comment Letter on the IASB's Exposure Draft Insurance Contracts

17 Sep 2010

EFRAG has issued its draft comment letter on the IASB's ED Insurance Contracts. The letter can be downloaded here. Comments are invited on the letter by 22 November 2010.

EFRAG SB Meeting 14 September - Summary

17 Sep 2010

The summary of the EFRAG Supervisory Board meeting held on 14 September 2010 has been published and can be downloaded here.

EFRAG's Comment Letter on the IASB ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure)

16 Sep 2010

EFRAG finalised its comment letter on the Exposure Measurement Uncertainty Analysis Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure) and submitted it to the IASB. The letter can be downloaded here.

EFRAG Update September 2010

15 Sep 2010

The September 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

EFRAG's final comment letter on the IASB's ED Defined Benefit Plans: Proposed amendments to IAS 19

15 Sep 2010

EFRAG has issued its final comment letter on the IASB's ED Defined Benefit Plans: Proposed amendments to IAS 19. The letter can be downloaded here

EFRAG SB Meeting 14 September

8 Sep 2010

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Tuesday 14 September.

EFRAG Technical Expert Group (TEG) Conference Call on 20 September 2010

6 Sep 2010

EFRAG will hold a conference call on 20th of September from 16:00 to 18:00 CET Brussels' time

EFRAG announces an extra TEG Meeting on September 22nd 2010

6 Sep 2010

EFRAG announces an extra meeting of its Technical Experts Group (TEG) which will be held on 22nd September 2010.

EFRAG and European National Standard Setters invite Constituents to outreach meetings on the IASB�s Financial Statement Presentation project

2 Sep 2010

To assist the IASB in its efforts to gather views from European constituents on the tentative decisions included in the IASB staff draft of the exposure draft Financial Statement Presentation, as well as to inform itself of whether, and to what extent, EFRAG preliminary views are representative of European views, EFRAG has decided to organise outreach events on the Financial Statement Presentation project throughout Europe from September to November 2010, in partnership with European National Standard Setters.

EFRAG announces September TEG meeting

20 Aug 2010

EFRAG announces that the next meeting of its Technical Experts Group (TEG) will be held on 8, 9 and 10 September 2010.

Agenda - User Outreach Event - 15 September 2010

5 Aug 2010

As part of its ongoing contributions to the IASB�s due process, EFRAG invites analysts, investors and regulators to an outreach meeting on Wednesday 15 September 2010. EFRAG is keen to understand the perspective of users on the changes proposed recently in accounting for financial instruments, as we believe that the needs of users should be paramount in enhancing the quality of financial reporting.

Complete Agenda - EFRAG/IASB Outreach Event - 28 September 2010

5 Aug 2010

EFRAG has offered to host one of the IASB outreach events in order to assist European stakeholders to better understand the IASB�s proposals and have the opportunity to ask questions and provide comments to an IASB delegation of Board members and staff. This represents an important opportunity for European constituents to influence IFRS being developed by the IASB.

Call for Applicants - TEG Members - Rotation 2011

2 Aug 2010

The present mandate period for five of the twelve members of EFRAG�s Technical Expert Group (TEG) expires on 31 March 2011.

EFRAG Consultation on industry impact of proposals in the IASB ED Revenue from Contracts with Customers

2 Aug 2010

EFRAG today published a questionnaire inviting responses from preparers relating to the impact on specific industries of the proposals in the IASB�s ED Revenue from Contracts with Customers. Responses are invited by 22 September 2010.

EFRAG's Draft Comment Letter on the FASB ED Accounting for Financial Instruments

28 Jul 2010

EFRAG has issued its draft comment letter on the FASB ED Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities. Comments are invited by 13 September 2010

EFRAG's draft comment letter on the IASB's ED Revenue from Contracts with Customers

27 Jul 2010

EFRAG has issued its draft comment letter on the IASB's ED Revenue from Contracts with Customers. The letter can be downloaded here. Comments are invited on the letter by 22 September 2010.

Endorsement Status Report Update

26 Jul 2010

In the light of the endorsement by the European Commission of IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments (Issued by the IASB on 26 November 2009), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG's Final Endorsement Advice and Effects Study Report on Improvements to IFRSs (Issued May 2010)

23 Jul 2010

EFRAG has completed its due process regarding the Improvements to IFRSs (as issued by the IASB in May 2010) and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

Endorsement Status Report Update

23 Jul 2010

In the light of EFRAG's endorsement advice letter on the Improvements to IFRS (as issued by the IASB in May 2010), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG Update July 2010

22 Jul 2010

The July 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

TEG conference call 23 July 2010

22 Jul 2010

EFRAG announces that it will hold a public conference call on 23 July 2010 from 09h00 - 11h00 CET

Endorsement Status Report Update

20 Jul 2010

In the light of the endorsement by the European Commission of the Revised IAS 24 Related Party Disclosures (as issued by the IASB on 4 November 2009) and the Amendment to IFRIC 14 Prepayments of a Minimum Funding Requirement (as issued by the IASB on 26 November 2009), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG's Comment Letter on the IASB ED Fair Value Option for Financial Liabilities

16 Jul 2010

EFRAG finalised its comment letter on the Exposure Draft Fair Value Option for Financial Liabilities and submitted it to the IASB. The letter can be downloaded here.

EFRAG's Comment Letter on the IASB DP Extractive Activities

16 Jul 2010

EFRAG finalised its comment letter on the Discussion Paper Extractive Activities and submitted it to the IASB. The letter can be downloaded here.

EFRAG's Comment Letter on the IASB ED Conceptual Framework for Financial Reporting: The Reporting Entity

15 Jul 2010

EFRAG today has issued its comment letter on the IASB's ED Conceptual Framework for Financial Reporting: The Reporting Entity. The letter can be downloaded here

EFRAGs Draft Comment Letter on the IASBs ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements

9 Jul 2010

EFRAG has issued its draft comment letter on the IASB's ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements. The letter can be downloaded here. Comments are invited on the letter by 27 August 2010.

EFRAG invites Users to an outreach meeting on the latest developments in accounting for financial instruments on Wednesday 15 September 2010

7 Jul 2010

As part of its ongoing contributions to the IASB�s due process EFRAG invites analysts, investors and regulators to an outreach meeting on Wednesday 15 September 2010. EFRAG is keen to understand the perspective of users on the recently proposed changes in accounting for financial instruments as we believe that the needs of users should be paramount in enhancing the quality of financial reporting.

Endorsement Status Report Update

1 Jul 2010

In the light of the endorsement by the European Commission of the Amendments to IFRS 1: Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (issued by the IASB on 28 January 2010), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG's Comment Letter on the IASB ED Financial Instruments: Amortised Cost and Impairment

29 Jun 2010

EFRAG finalised its comment letter on the Exposure Draft Financial Instruments: Amortised Cost and Impairment and submitted it to the IASB. The letter can be downloaded here.

EFRAG announces TEG conference calls for 2011

28 Jun 2010

EFRAG announces the TEG conference calls for 2011.

EFRAG Technical Expert Group (TEG) Conference Call on 28 June 2010

28 Jun 2010

EFRAG will hold a conference call on 28th of June from 16:00 to 16:15 CET Brussels' time

EFRAG launches public consultation on its Proactive Work

28 Jun 2010

EFRAG has launched today a public consultation on its proposed work programme for its proactive work in Europe.

Endorsement Status Report Update

25 Jun 2010

In the light of the endorsement by the European Commission of the Amendment to IFRS 1: Additional Exemptions for First-time Adopters (issued by the IASB on 23 July 2009), EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG Technical Expert Group (TEG) Conference Call on 8 July 2010

25 Jun 2010

EFRAG will hold a conference call on 8th July from 15:00 to 17:00 CET Brussels' time

EFRAG announces July TEG meeting

25 Jun 2010

EFRAG announces that the next meeting of its Technical Experts Group (TEG) will be held on 13, 14, 15 and 16 July.

EFRAG Update June 2010

15 Jun 2010

The June 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

Summary of the EFRAG PRC meeting held on 1 June 2010

14 Jun 2010

EFRAG has released the summary of the EFRAG PRC meeting held on 1 June in the EFRAG offices.

EFRAG Technical Expert Group (TEG) Conference Call on 23 June 2010

14 Jun 2010

EFRAG will hold a conference call on 23rd June from 14.00 to 16.00 CET Brussels' time

EFRAG's draft comment letter on the IASB's ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1) - end of comment period

11 Jun 2010

EFRAG has extended the comment period on its draft comment letter on the Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1) until 10 September 2010.

Invitation to the Brussels EFRAG-IASB outreach event on 28 September 2010

11 Jun 2010

EFRAG has offered to host one of the IASB outreach events in order to assist European stakeholders to understand the IASB�s proposals better and have the opportunity to ask questions and provide comments to an IASB delegation of Board members and staff. This represents an important opportunity for European constituents to influence IFRS being developed by the IASB.

EFRAG Proactive Strategy �Focus on Improvement�

10 Jun 2010

EFRAG today issued its Strategy �Focus on Improvement� to drive its proactive work.

EFRAG's draft comment letter on the IASB's ED Fair Value Option for Financial Liabilities

9 Jun 2010

EFRAG has issued its draft comment letter on the IASB's ED Fair Value Option for Financial Liabilities. The letter can be downloaded here. Comments are invited on the letter by 6 July 2010.

EFRAG announces June TEG meeting

5 Jun 2010

EFRAG announces that the next meeting of its Technical Experts Group (TEG) will be held on 9, 10 and 11 June.

EFRAG Annual Review 2009

3 Jun 2010

EFRAG is pleased to announce the publication of its 2009 Annual Review.

EFRAG Compatibility Analysis: IFRS for SMEs and the EU Accounting Directives

3 Jun 2010

EFRAG has submitted to the European Commission its analysis of the IFRS for SMEs' compatibility with the EU Accounting Directives

EFRAG Annual Review 2009

3 Jun 2010

EFRAG is pleased to announce the publication of its 2009 Annual Review.

EFRAG's draft comment letter on the IASB's ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1)

2 Jun 2010

EFRAG has issued its draft comment letter on the IASB's ED Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1). The letter can be downloaded here. Comments are invited on the letter by 2 August 2010.

EFRAG Technical Expert Group (TEG) Conference Call 1st June 2010

1 Jun 2010

EFRAG will hold a conference call on 1st June from 11h00-13h00 CET.

Endorsement Status Report Update

28 May 2010

In light of EFRAG publishing an invitation to comment on its initial technical assessment of the 2009 improvements to IFRS and on its initial assessment of the costs and benefits that would arise from their application in the EU, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG SB Meeting 19 May - Summary

25 May 2010

The summary of the EFRAG SB meeting held on 19 May 2010 has been published and can be downloaded here.

EFRAG TEG Public Conference Call 1 June 2010

25 May 2010

EFRAG will debate in a public conference call on Tuesday 1st June 2010 from 11h00 to 13h00 CET.

EFRAG's draft comment letter on the IASB's ED Defined Benefit Plans: Proposed amendments to IAS 19

21 May 2010

EFRAG has issued its draft comment letter on the IASB's ED Defined Benefit Plans: Proposed amendments to IAS 19. The letter can be downloaded here. Comments are invited on the letter by 25 August 2010.

EFRAG issues comment letter on IAS 37 replacement proposals

20 May 2010

EFRAG today issued its comment letter to ED Measurement of Liabilities in IAS 37

Agenda for the PRC meeting of 1 June

19 May 2010

EFRAG has issued its agenda supporting the meeting of the PRC which will be held on Tuesday 1 June in Brussels.

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

17 May 2010

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 17 June 2010.

EFRAG TEG Public Conference Call 17 May 2010

17 May 2010

EFRAG will debate in a public conference call on Monday 17th May 2010 from 10h00- 12h00 CET.

New Disclosure Framework Advisory Panel appointed

16 May 2010

TEG has appointed the members of the Advisory Panel to support the proactive work on Disclosure Framework

EFRAG Update May 2010

11 May 2010

The May 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

CFSS Meeting 8 June 2010

10 May 2010

EFRAG announces that it will hold the next Consultative Forum of Standard Setters' meeting (CFSS) on 8 June 2010, at CEA Offices in Brussels.

Amortised Cost and Impairment � Summary of EFRAG�s Outreach Activities

7 May 2010

EFRAG today published a summary of the responses received on its outreach questionnaire published in March 2010.

TEG meeting 5, 6, 7 May 2010

26 Apr 2010

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 5, 6 and 7 May 2010.

EFRAGs Draft Comment Letter on the IASBs DP Extractive Activities

23 Apr 2010

EFRAG has issued its draft comment letter on the IASB DP Extractive Activities. The letter can be downloaded here. Comments are invited on the draft letter by 2 July 2010.

EFRAG and European national standard-setters publish �Performance Reporting � summary of comments in response to the European Discussion Paper�

16 Apr 2010

EFRAG and European national standard-setters publish �Performance Reporting � summary of comments in response to the European Discussion Paper�. The Discussion Paper was issued for public comment in March 2009 as part of the European pro-active work and addressed some fundamental issues about the presentation of financial performance. The summary of comments can be downloaded here.

Compatibility Analysis IFRS for SMEs and the Council Directives

14 Apr 2010

EFRAG would like to remind its constituents that comments in response to EFRAG�s draft compatibility analysis are to be received by 19 April 2010.

EFRAG's AMENDED draft comment letter on IASB's ED Measurement of Liabilities in IAS 37

13 Apr 2010

EFRAG has supplemented its draft comment letter on the IAS ED Measurement of Liabilities in IAS 37, subsequent to the posting of the working draft of the new IFRS to replace IAS 37. Comments are invited until 7 May 2010. Constituents that have already submitted their replies are welcomed to comment only on the additions.

EFRAG's draft comment letter on the IASB's ED Conceptual Framework for Financial Reporting: The Reporting Entity

13 Apr 2010

EFRAG has issued its draft comment letter on the IASB's ED Conceptual Framework for Financial Reporting: The Reporting Entity. The letter can be downloaded here. Comments are invited on the letter by 25 June 2010.

EFRAG SB Meeting 26 March - Summary

8 Apr 2010

The summary of the EFRAG SB meeting held on 26 March 2010 has been published and can be downloaded here.

EFRAG Update March 2010

30 Mar 2010

The March 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

Endorsement Status Report Update

25 Mar 2010

In the light of the endorsement of the Amendments to IFRS 2 and Improvements to IFRSs (issued by the IASB on 16 April 2009) by the European Commission, EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG TEG and CFSS meetings scheduled from 24 to 26 March 2010

24 Mar 2010

EFRAG announces that it will hold the next Technical Experts' Group meeting on 24, 25, 26 March 2010 and the next meeting of the Consultative Forum of Standard Setters on 25th March 2010.

EFRAG Update February 2010

22 Mar 2010

The February 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

TEG March meeting - changes in the agenda

22 Mar 2010

EFRAG announces changes in the agenda for the March meeting.

ED Measurement of Liabilities in IAS 37 - end of comment period

19 Mar 2010

EFRAG has decided to extend the comment period on its draft comment letter on the ED Measurement of Liabilities in IAS 37.

EFRAG Consultation on Operational Effects - Financial Instruments: Amortised Cost and Impairment

18 Mar 2010

EFRAG today published a questionnaire inviting responses from preparers relating to the practical and implementation issues arising from the IASB�s ED 'Financial Instruments: Amortised Cost and Impairment'. Responses are invited by 15 April 2010.

Summary of the PRC meeting held on 26 January 2010

17 Mar 2010

EFRAG has released the summary of the PRC meeting held on 26th January in the EFRAG offices.

EFRAG SB Meeting 26 March

12 Mar 2010

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Friday 26 March.

EFRAG calls for candidates for an Advisory Panel on the pro-active project on Disclosure Framework

12 Mar 2010

A new pro-active project on Disclosure Framework has started and a pan-European Advisory Panel is being established to provide support. EFRAG is launching a public call for nominations to the Advisory Panel. If you are interested please write to us at info@efrag.org by 12 April 2010.

Endorsement Status Report Update

9 Mar 2010

During its meeting of 4 March 2010 the ARC voted in favour of endorsement of Revised IAS 24, Amendments to IFRIC 14, IFRIC 19 and Amendment to IFRS 1. EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG's comment letter on IASB ED 'Management Commentary'

9 Mar 2010

EFRAG has issued its comment letter to the IASB on the Exposure Draft 'Management Commentary'.

EFRAG's draft advice on compatibility of the IFRS for SMEs and the EU Accounting Directives

1 Mar 2010

EFRAG has issued its draft advice on compatibility of the IFRS for SMEs and the EU Accounting Directives. Comments are invited on the advice by 19 April 2010.

Future meetings of the PRC

23 Feb 2010

EFRAG is pleased to announce that the next meetings of the PRC will take place on 1 June at 10.30 hrs in Brussels and on 19 October in London.

EFRAG's draft comment letter on the IASB's ED Measurement of Liabilities in IAS 37

22 Feb 2010

EFRAG has issued its draft comment letter on the IASB's ED Measurement of Liabilities in IAS 37. The letter can be downloaded here. Comments are invited on the letter by 19 March 2010.

Endorsement Status Report Update

22 Feb 2010

In the light of EFRAG's endorsement advice on the 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'

EFRAG TEG meeting 24, 25, 26 February 2010

22 Feb 2010

EFRAG announces that it will hold the next Technical Experts' Group meeting on 24, 25, 26 February 2010.

EFRAGs Endorsement Advice and Effects Study Report on the Amendment to IFRS 1

22 Feb 2010

EFRAG has completed its due process regarding the Amendment to IFRS 1: Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters and has submitted its Endorsement Advice Letter and Effects Study Report to the European Commission.

EFRAG's draft comment letter on the IASB's ED Financial Instruments: Amortised Cost and Impairment

22 Feb 2010

EFRAG has issued its draft comment letter on the IASB's ED Financial Instruments: Amortised Cost and Impairment. The letter can be downloaded here. Comments are invited on the letter by 1 June 2010.

EFRAG TEG Conference Call 19 February 2010

19 Feb 2010

EFRAG Technical Expert Group (TEG) Conference Call - EFRAG�s endorsement advice on the amendment to IFRS 1 - 19 February 2010

EFRAG Update January 2010

18 Feb 2010

The January 2010 edition of EFRAG Update, summarising the discussions held at the recent EFRAG TEG meetings, has been published and can be downloaded here.

EFRAG TEG Conference calls scheduled for 16 and 18 February 2010

16 Feb 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

New TEG chair and members appointed by the EFRAG Supervisory Board

15 Feb 2010

The EFRAG Supervisory Board has appointed and will give full support to the new EFRAG Technical Experts� Group, which will be chaired by Fran�oise Flores as from 1 April 2010.

New TEG chair and members appointed by the EFRAG Supervisory Board

15 Feb 2010

The EFRAG Supervisory Board has appointed and will give full support to the new EFRAG Technical Experts� Group, which will be chaired by Fran�oise Flores as from 1 April 2010.

Endorsement Status Report Update

4 Feb 2010

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'.

EFRAG's Final Endorsement Advice and Effects Study Report on IAS 24, IFRIC 14 and IFRIC 19

3 Feb 2010

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.

Research Paper on the proposed new Definition of an Asset

3 Feb 2010

The European Financial Reporting Advisory Group (EFRAG) and the Autorit� 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.

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

29 Jan 2010

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.

Agenda for the PRC Meeting on 26 January

20 Jan 2010

EFRAG has issued its agenda supporting the meeting of the PRC which will be held on 26 January in Brussels.

TEG public conference call 21 January 2010

18 Jan 2010

EFRAG will debate in a public conference call on Thursday 21 January 2010 at 10h00 CET Brussels' time.

EFRAG Technical Experts' Group Meeting to be held 27, 28, 29 January 2010

15 Jan 2010

EFRAG announces that it will hold the next Technical Experts' Group (TEG) meeting on 27, 28 and 29 January 2010.

Endorsement Status Report Update

7 Jan 2010

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'.

EFRAG TEG Conference Call - 22 December 2009

22 Dec 2009

TEG Conference Call - IASB ED Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters - 22 December 2009

EFRAGs Comment Letter on the ED Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters

22 Dec 2009

EFRAG has issued its comment letter to the IASB on the Exposure Draft 'Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters'.

EFRAG Update December 2009

22 Dec 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.

EFRAG's comment letter on the IASB's ED Rate-regulated Activities

18 Dec 2009

EFRAG has issued its comment letter to the IASB on its ED Rate-regulated Activities.

Endorsement Status Report Update

17 Dec 2009

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'.

SEASON's GREETINGS FROM THE EFRAG TEAM

16 Dec 2009

The EFRAG team wish you a nice break and will be happy to work with you again as of 4 January. Merry Christmas and Happy 2010! Click here for a colourful version.

EFRAG requests comments on its draft endorsement advice and draft effects study report on IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments

14 Dec 2009

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.

EFRAG requests comments on its draft endorsement advice and draft effects study report on amendments to IFRIC 14 Prepayments of a Minimum Funding Requirement

14 Dec 2009

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.

EFRAG and FEE publish �Impairment of Financial Assets � The Expected Loss Model'

9 Dec 2009

EFRAG and FEE publish �Impairment of Financial Assets � The Expected Loss Model�. The paper has been prepared jointly by FEE and EFRAG. The paper can be downloaded here.

EFRAG draft comment letter on IASB ED Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (Proposed amendment to IFRS 1)

4 Dec 2009

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.

EFRAG Update November 2009

4 Dec 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.

EFRAG SB's Final Comment Letter on Part II of the IASCF Review of the Constitution

4 Dec 2009

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.

Endorsement Status Report Update

3 Dec 2009

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'.

EFRAG Supervisory Board Summary November 2009

2 Dec 2009

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

Consultative Forum of Standard Setters (CFSS) Meeting, 9 December 2009

1 Dec 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.

EFRAG and European national standard-setters publish 'Financial Reporting of Pensions - Feedback and Rediliberations'

30 Nov 2009

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.

Endorsement Status Report Update

27 Nov 2009

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'.

EFRAG TEG Meeting 9, 10, 11 December

26 Nov 2009

EFRAG announces that it will hold the next Technical Experts' Group meeting on 9, 10 and 11 December.

EFRAG's Comment Letter on the IASB's ED/2009/11 Improvements to IFRSs

25 Nov 2009

EFRAG has issued its comment letter to the IASB on its ED Improvements to IFRSs.

EFRAG requests comments on its draft endorsement advice and draft effects study report on the amendments to IAS 24 Related Party Disclosures

20 Nov 2009

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

EFRAG SB Meeting 24 November

16 Nov 2009

EFRAG announces that it will hold its next Supervisory Board (SB) meeting on Tuesday 24 November.

EFRAG has issued its draft comment letter to the IASB's ED 2009/6 Management Commentary

16 Nov 2009

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.

IFRS 9 endorsement advice postponed

12 Nov 2009

It has been decided that more time should be taken to consider the output from the IASB project to improve accounting for financial instruments.

TEG Meeting on 16 November cancelled

12 Nov 2009

TEG meeting for Monday 16 November has been cancelled as EFRAG is not proceeding, at this stage, with its endorsement advice on IFRS 9.

Endorsement Status Report Update

9 Nov 2009

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'.

Update on EFRAG's draft endorsement advice on IFRS 9 Financial Instruments

6 Nov 2009

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).

EFRAG's Endorsement Advice on the Amendment to IAS 32: Classification of Rights Issues

6 Nov 2009

EFRAG has submitted to the European Commission its endorsement advice letter regarding the Amendment to IAS 32: Classification of Rights Issues.

EFRAG TEG Meeting 11, 12, 13 November 2009

4 Nov 2009

EFRAG announces that it will hold its next EFRAG TEG meetings on 11, 12 and 13 November 2009.

Summary of the PRC meeting held on 19 October

3 Nov 2009

EFRAG has released the summary of the PRC meeting held on 19th October in the FRC's offices in London.

EFRAG TEG Conference Call - 6 November 2009

3 Nov 2009

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

Interview dates for TEG positions

3 Nov 2009

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.

Mario Abela - EFRAG Research Director & Acting Technical Director

2 Nov 2009

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.

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

2 Nov 2009

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.

Saskia Slomp to join EFRAG as Director in January 2010

30 Oct 2009

EFRAG is pleased to announce that Saskia Slomp will join the team from 1 January 2010 as Director of EFRAG.

EFRAG Update October 2009

27 Oct 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.

EFRAG's final draft comment letter on Part II of the IASCF Review of the Constitution

23 Oct 2009

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.

Fast-track of Financial Instruments Proposals

21 Oct 2009

Supervisory Board has agreed to fast-track advice on the classification and measurement of financial instruments

Request for input - IASB work plan post June 2011

21 Oct 2009

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.

Additional EFRAG TEG meetings

20 Oct 2009

EFRAG TEG will hold additional meetings on 30 October 2009 and 6 November 2009.

EFRAG has issued its draft comment letter to IASB ED 2009/8 Rate-regulated Activities

20 Oct 2009

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.

EFRAG's Comment Letter on the IASB ED Fair Value Measurement

16 Oct 2009

EFRAG has issued its comment letter to the IASB on its ED on Fair Value Measurement.

Call for Applicants - TEG Chairman

14 Oct 2009

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.

Call for Applicants - TEG Members

14 Oct 2009

The present mandate period for eleven of the twelve members of EFRAG TEG, including the TEG Chairman, expires on 31 March 2010.

Call for Applicants - TEG Chairman

13 Oct 2009

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.

Call for Applicants - TEG Members

13 Oct 2009

The present mandate period for eleven of the twelve members of EFRAG TEG, including the TEG Chairman, expires on 31 March 2010.

Agenda for the IASB-EFRAG Convergence Meeting

12 Oct 2009

EFRAG has issued the agenda supporting the convergence meeeting with the IASB which will be held on 19 October in London.

Agenda for the PRC Meeting on 19 October

12 Oct 2009

EFRAG has issued its agenda supporting the meeting of the PRC which will be held on 19 October in London .

EFRAG's Comment Letter on the IASB ED Amendments to IAS 19 Discount Rate for Employee Benefits

9 Oct 2009

EFRAG has issued its comment letter to the IASB on its ED/2009/10: Discount Rate for Employee Benefits.

EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRS 1

9 Oct 2009

EFRAG has completed its due process regarding the Amendments to IFRS 1 Additional Exemptions for First-time Adopters

Endorsement Status Report Update

9 Oct 2009

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'.

EFRAG requests comments on its initial assessments of the Amendment to IAS 32: Classification of Rights Issues

8 Oct 2009

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.

EFRAG has issued its comment letter to the IFRIC on its Draft Interpretation D25 - Extinguishing Financial Liabilities with Equity Instruments

8 Oct 2009

EFRAG today submitted its comment letter to the IFRIC on its Draft Interpretation D25: Extinguishing Financial Liabilities with Equity Instruments

EFRAG Update September 2009

2 Oct 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.

EFRAG is recruiting a Technical Director

1 Oct 2009

EFRAG is seeking a full-time Technical Director to provide leadership to its technical accounting activities.

EFRAG is recruiting an Assistant Technical Director

1 Oct 2009

EFRAG is seeking a full-time Assistant Technical Director to assist in leading its technical work.

EFRAG is recruiting a Technical Director

30 Sep 2009

EFRAG is seeking a full-time Technical Director to provide leadership to its technical accounting activities.

EFRAG is recruiting an Assistant Technical Director

30 Sep 2009

EFRAG is seeking a full-time Assistant Technical Director to assist in leading its technical work.

EFRAG�s Planning and Resources Committee to meet in London 19 October

28 Sep 2009

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.

EFRAG's letter on the IASB Paper on Credit Risk in Liability Measurement is issued

23 Sep 2009

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

EFRAG has issued its comments letter to IASB ED 2009/11 Improvements to IFRSs 2009

23 Sep 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.

EFRAG's Comment Letter on the IASB ED Financial Instruments: Classification and Measurement

21 Sep 2009

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.

EFRAG Supervisory Board Summary September 2009

18 Sep 2009

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

Endorsement Status Report Update

16 Sep 2009

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'.

EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRS 2

14 Sep 2009

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.

EFRAG's Final Endorsement Advice and Effects Study Report on Improvements to IFRSs 2007-2009

14 Sep 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.

EFRAG Update August 2009

11 Sep 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.

EFRAG's Comment Letter on IASB ED Income Tax

10 Sep 2009

EFRAG has submitted to the IASB its Comment Letter on the Exposure Draft Income Tax. The letter can be downloaded here.

EFRAG's Comment Letter on the IASB's Request for Information 'Impairment of Financial Assets: Expected Cash Flow Approach'

9 Sep 2009

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.

EFRAG TEG meeting Wednesday 16 September 2009

8 Sep 2009

EFRAG TEG will hold a meeting on Wednesday 16 September 2009 from 9:00 to 16:00 (Brussels time).

EFRAG's Comment Letter on the IASB ED Proposed Amendment to IAS 32: Classification of Rights Issues

7 Sep 2009

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.

EFRAG TEG conference call Friday 11 September 2009

7 Sep 2009

EFRAG TEG will hold a public conference call this week on Friday 11 September 2009 from 15:30 to 17:00 (Brussels time).

EFRAG's Comment Letter on the IASB's ED of Amendments to IFRIC 14

7 Sep 2009

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.

EFRAG's Invitation to Comment on its initial assessments of the Amendments to IFRS 1

7 Sep 2009

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.

EFRAG's Draft Comment Letter on the IASB's Exposure Draft of Amendments to IAS 19 Discount Rate for Employee Benefits

7 Sep 2009

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.

EFRAG TEG meeting 1-3 September 2009

31 Aug 2009

EFRAG announces that it will hold its next EFRAG TEG meeting on Tue. 1, Wed. 2 and Thurs. 3 September 2009.

EFRAG's Draft Comment Letter on the IFRIC's D25 Extinguishing Financial Liabilities with Equity Instruments

21 Aug 2009

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.

EFRAG's Draft Comment Letter on Classification of Rights Issues

21 Aug 2009

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.

EFRAG TEG conference call Friday 21 August 2009

19 Aug 2009

EFRAG TEG will hold a further public conference call this week on Friday 21 August 2009 from 09:00 to 10:30 (Brussels time).

EFRAG Update July 2009

19 Aug 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.

Summer Holiday

7 Aug 2009

The EFRAG staff wish you a great summer time and will be back for more IFRSs in September!

EFRAG's Comment Letter on the ED Derecognition

31 Jul 2009

EFRAG submitted to the IASB its comment letter on the ED Derecognition

TEG August 2009 conference calls

30 Jul 2009

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).

EFRAG TEG September conference call and meeting

30 Jul 2009

EFRAG TEG will debate in two public meetings - a conference call on 11 September 2009 from 15:30 to 17:00 (Brussels time) and a meeting on 16 September 2009 from 09:00 to 16:00 (Brussels time) - its responses to the IASB's publications relating to the financial crisis.

EFRAG's Draft Comment Letter on the IASB's Exposure Draft 'Fair Value Measurements'

30 Jul 2009

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.

Endorsement Status Report

29 Jul 2009

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'.

EFRAG extends its comment deadline on the IASB's ED Income Taxes

28 Jul 2009

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.

EFRAG's Draft Comment Letter on the IASB's ED on Financial Instruments: Classification and Measurement

28 Jul 2009

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.

EFRAG`s Comment Letter on the IASB`s DP Leases

28 Jul 2009

EFRAG has issued its final comment letter on the IASB/FASB discussion paper Leases. The letter can be downloaded here.

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

28 Jul 2009

EFRAG's Comment Letter on the IASB's DP Revenue Recognition in Contracts with Customers

27 Jul 2009

EFRAG has issued its comment letter on the IASB�s DP Revenue Recognition in Contracts with Customers. The letter can be downloaded here.

EFRAGs draft letter on the IASB Paper on Credit Risk in Liability Measurement

23 Jul 2009

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.

EFRAG defers the comment deadline on the PAAinE Performance Reporting discussion paper to 31 December 2009

23 Jul 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.

EFRAG's Draft Comment letter on the IASB's Request for Information - Impairment of Financial Assets: Expected Cash Flow Approach

22 Jul 2009

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.

An EFRAG delegation to meet with IASB representatives on 20 July to discuss the IASB's convergence projects

20 Jul 2009

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.

EFRAG TEG 2010 meeting and conference call dates have been finalized

20 Jul 2009

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.

Endorsement Status Report

17 Jul 2009

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'.

Pedro Solbes appointed Chairman of the EFRAG SB

16 Jul 2009

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.

EFRAG's draft comment letter on the ED of proposed amendments to IFRIC 14

10 Jul 2009

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.

EFRAG requests comments on its initial assessment of the Amendments to IFRS 2 - Group Cash-settled Share-Based Payment Transactions

10 Jul 2009

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.

EFRAG Update April, May and June 2009

29 Jun 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.

Members of the new EFRAG Supervisory Board (SB) appointed

17 Jun 2009

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.

EFRAG's Draft Comment Letter on the IASB's Exposure Draft 'Derecognition'

15 Jun 2009

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.

Endorsement Status Report Update

12 Jun 2009

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'.

EFRAG Common Control Advisory Group - members appointed

8 Jun 2009

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.

Endorsement Status Report Update

8 Jun 2009

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'.

EFRAG�s Draft Comment Letter on the IASB/FASB DP Leases

8 Jun 2009

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.

EFRAG's Draft Comment Letter on the IASB's ED Income Taxes

5 Jun 2009

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.

A European survey of Users� information needs is published

29 May 2009

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.

EFRAG Annual Review 2008

29 May 2009

EFRAG is happy to announce the release of its Annual Review 2008. You can download the pdf file here. Enjoy your reading!

EFRAG Plus

29 May 2009

EFRAG issued its report �Strengthening the European Contribution to the International Standard-Setting process�.

EFRAG TEG Public conference call 27 May 2009

27 May 2009

EFRAG TEG will debate in a public conference call on 27 May from 11:00-12:30 (Brussels time).

EFRAG's Final Endorsement Advice and Effects Study Report on IFRIC 17 - Distributions of Non-cash Assets to Owners

27 May 2009

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.

EFRAG's Final Endorsement Advice and Effects Study Report on IFRIC 18 - Transfers of Assets from Customers

27 May 2009

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.

EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRIC 9 and IAS 39

27 May 2009

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.

EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRS 7

27 May 2009

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.

EFRAG Comment Letter on Financial Statement Presentation DP

25 May 2009

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.

June CFSS/TEG meeting

22 May 2009

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.

EFRAG SME Working Group - Appointed Members

12 May 2009

EFRAG has received a large number of highly qualified applications for the SME Working Group and has now appointed the members.

EFRAG's Draft Comment Letter on the DP Revenue Recognition in Contracts with Customers

5 May 2009

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.

EFRAG Update February and March 2009

24 Apr 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.

EFRAG's final response to the IASB's request for views on the FASB amendments to fair value measurement guidance and impairment recognition requirement

22 Apr 2009

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

EFRAG TEG Public Conference Call

22 Apr 2009

EFRAG TEG will debate in a public conference call on 22 April from 11:00-13:00 (Brussels time).

EFRAG TEG Meeting 28-30 April 2009

16 Apr 2009

EFRAG announces that it will hold its next EFRAG TEG meetings on Tue. 28, Wed. 29 and Thurs. 30 April 2009.

EFRAG TEG Meeting to be held on 11, 12, 13 November 2009

11 Apr 2009

EFRAG announces that it will hold its next EFRAG TEG meetings on 11, 12 and 13 November 2009.

EFRAG's Final Comment Letter on ED 10 Consolidated Financial Statements

9 Apr 2009

EFRAG has finalised its due process and submitted to the IASB its comment letter on ED 10 Consolidated Financial Statements.

EFRAG SB's Final Comment Letter on the IASCF Review of the Constitution

9 Apr 2009

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.

EFRAG's draft response to the IASB's request for views on the FASB amendments to fair value measurement guidance and impairment recognition requirements

8 Apr 2009

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.

EFRAG SB appointed interim Planning and Resource Committee (PRC)

8 Apr 2009

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).

EFRAG calls for candidates for a Working Group on SMEs

4 Apr 2009

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.

EFRAG requests comments on its initial assessments of Amendments to IFRS 7 Improving Disclosures about Financial Instruments

3 Apr 2009

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.

Endorsement Status Report Update

3 Apr 2009

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'.

EFRAG's response to the Financial Crisis Advisory Group's request for input

2 Apr 2009

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.

EFRAG calls for candidates for a PAAinE Advisory Group being set up on Common Control transactions

2 Apr 2009

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

EFRAG's Final Comment Letter on the ED of proposed amendments to IAS 24 Relationships with the State

1 Apr 2009

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.

EFRAG TEG Public Conference calls - 31 March, 1 April and 3 April 2009

30 Mar 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).

EFRAG's Endorsement Advice on the revision to IFRS 1 'First-time Adoption of International Financial Reporting Standards'

30 Mar 2009

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.

EFRAG requests comments on its initial assessments of the Amendment to IFRIC 9 and IAS 39 against the EU Endorsement Criteria

27 Mar 2009

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.

EFRAG requests comments on its initial assessments of IFRIC 18 Transfers of Assets from Customers

26 Mar 2009

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.

EFRAG and European national standard-setters publish a discussion paper on Performance Reporting

25 Mar 2009

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.

New EFRAG TEG Composition as of 1 April 2009

24 Mar 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.

EFRAG's draft response to the Financial Crisis Advisory Group's request for input

21 Mar 2009

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.

EFRAG TEG Public conference call - 18 March

17 Mar 2009

The EFRAG TEG will debate in a public conference call on Wednesday, 18 March 2009 between 11:00 AM - 1:00 PM (Brussels time).

EFRAG requests comments on its initial assessments of IFRIC 17 Distributions of Non-cash Assets to Owners against the EU endorsement criteria

14 Mar 2009

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.

Press Release - Call for Candidates for the new EFRAG Supervisory Board

10 Mar 2009

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.

EFRAG FIWG - New Membership

6 Mar 2009

EFRAG has received a large number of highly qualified applications for the Financial Instruments Working Group (FIWG) and has now appointed the members.

Call for candidates for the new EFRAG SB

6 Mar 2009

The February EFRAG General Assembly appointed the Governance and Nominating Committee as a first step in the implementation of the enhanced EFRAG structure. The GNC is now calling for candidates for the new EFRAG Supervisory Board that will be finally approved by the General Assembly.

EFRAG's Draft Comment Letter on the IASCF Review of the Constitution

6 Mar 2009

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.

Endorsement Status Report Update

3 Mar 2009

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'.

EFRAG's Draft Comment Letter on the ED Consolidated Financial Statements

2 Mar 2009

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.

EFRAG's Final Comment Letter on ED of proposed amendments to IFRIC 9 and IFRIC 16

2 Mar 2009

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.

Subscribe now to EFRAG's newsletter

17 Feb 2009

Click here to subscribe to EFRAG's newsletter.

February EFRAG TEG Meeting

16 Feb 2009

EFRAG announces that it will hold its next EFRAG TEG meetings on Wed. 25, Thurs. 26 and Fri. 27 February 2009.

EFRAG publishes summaries of comments received on three PAAinE Discussion Papers

11 Feb 2009

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).

EFRAG Draft Comment Letter on the DP on Financial Statement Presentation

10 Feb 2009

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.

EFRAG's draft comment letter on the ED of proposed amendments to IFRIC 9 and IFRIC 16

9 Feb 2009

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.

EFRAG Update December 2008 and January 2009

6 Feb 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.

EFRAG TEG Public Conference Call - 6 February 2009

4 Feb 2009

The EFRAG TEG will debate in a public conference call on 6 February between 10:00-11:00 AM (Brussels time).

EFRAG's Final Comment Letter on the proposed amendments to IFRS 5 - Discontinued Operations

30 Jan 2009

EFRAG has finalised its due process and submitted to the IASB its comment letter on the ED 'Discontinued Operations'.

Vacancy

30 Jan 2009

EFRAG is seeking full time IFRS Project Managers. Click here for further information.

EFRAG's Final Comment Letter on the Exposure Draft 'Embedded Derivatives'

29 Jan 2009

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'.

EFRAG's Final Comment Letter on the ED of Proposed Amendments to IFRS 1 Additional Exemptions for First-time Adopters

28 Jan 2009

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.

EFRAG requests comments on its initial assessments of the Revised Version of IFRS 1 'First Time Adoption of IFRSs'

27 Jan 2009

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.

Endorsement Status Report Update - 27 January 2009

27 Jan 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'.

EFRAG's Comment Letter on the ED of Proposed Amendments to IFRS 7 'Investments in Debt Instruments'

16 Jan 2009

EFRAG submitted to the IASB its comment letter on the ED of proposed amendments to IFRS 7 'Investments in Debt Instruments'

EFRAG's Endorsement Advice on the Amendment to IAS 39 and IFRS 7 'Reclassification of Financial Assets - Effective Date and Transition'

15 Jan 2009

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'

January TEG Meeting

13 Jan 2009

EFRAG announces that it will hold its next TEG meetings on Wed21, Thur22 and Fri23 January 2009.

EFRAG calls for candidates for a PAAinE Advisory Group being set up on Accounting for Income Tax

9 Jan 2009

A new PAAinE (Pro-active Accounting Activities in Europe) project on Accounting for Income Tax has started 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. Please write to info@efrag.org by 30 January 2009.

EFRAG TEG Public conference call - 15 January 2009

9 Jan 2009

EFRAG TEG will debate in a public conference call on 15 January 2009 between 11:00 and 13:00 (Brussels Time).

EFRAG's draft comment letter on proposed amendments to IFRS 7 'Investments in Debt Instruments'

8 Jan 2009

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.

EFRAG's draft comment letter on proposed amendments to IFRIC 9 and IAS 39 'Embedded Derivatives'

6 Jan 2009

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.

BEST WISHES FROM THE EFRAG TEAM

23 Dec 2008

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.

Endorsement Status Report Update - 23 December 2008

23 Dec 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'.

EFRAG's Draft Comment Letter on Exposure Draft of proposed amendments to IAS 24 'Relationships with the State'

22 Dec 2008

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.

EFRAG's Final Comment Letter on the Exposure Draft 'Simplifying Earnings per Share'

22 Dec 2008

EFRAG has finalised its due process and submitted its comment letter to the IASB.

EFRAG on the move

17 Dec 2008

EFRAG will be moving offices tomorrow Thursday 18th December.

EFRAG TEG Public conference call - 22 December

17 Dec 2008

The EFRAG TEG will debate in a public conference call on 22 December between 9.00-10.00 AM.

EFRAG's draft comment letter on the Exposure Draft proposing amendments to IFRS 5 'Discontinued Operations'

17 Dec 2008

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.

EFRAG's Final Comment Letter on Improving Disclosures about Financial Instruments

15 Dec 2008

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.

EFRAG's Final Comment Letter on Improvements to IFRSs (2008)

15 Dec 2008

EFRAG has finalised its due process and submitted to the IASB its comment letter on the ED Improvements to IFRSs.

More influence for EFRAG in international standard-setting process

10 Dec 2008

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.

An important new discussion paper on Accounting for Intangibles is issued

9 Dec 2008

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.

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

8 Dec 2008

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.

December CFSS/TEG Meeting

3 Dec 2008

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.

EFRAG TEG Public Conference Call - new dates and times

1 Dec 2008

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).

Endorsement Status Report - 28 November 2008

28 Nov 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'.

CANCELLED / EFRAG TEG public conference call 02/12

28 Nov 2008

EFRAG TEG will debate in a public conference call on Tuesday 2 December 2008 at 15:00 (Brussels Time).

EFRAG Update November 2008

25 Nov 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.

EFRAG issues its draft comment letter on the ED proposing additional exemptions for first-time adopters

24 Nov 2008

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.

Call for new applicants for EFRAG Financial Instruments Working Group

21 Nov 2008

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

EFRAG's Endorsement Advice on the Amendment to IAS 39 �Eligible Hedged Items�

12 Nov 2008

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.

EFRAG's Endorsement Advice on the revised IFRS 3 and the amended IAS 27

7 Nov 2008

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.

Endorsement Status Report Update - 7 November 2008

7 Nov 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'.

EFRAG IAWG - New Membership

6 Nov 2008

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.

EFRAG issues its draft comment letter on the Exposure Draft proposing amendments to IFRS 7 �Improving Disclosures about Financial Instruments�

4 Nov 2008

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.

EFRAG's Endorsement Advice on IFRIC 16

3 Nov 2008

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.

EFRAG's Endorsement Advice on IFRIC 15

3 Nov 2008

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.

EFRAG Update October 2008

31 Oct 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.

EFRAG TEG Meeting on 12-13-14 November

31 Oct 2008

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.

Appointments to the EFRAG TEG - Extension of submission deadline

31 Oct 2008

The present mandate period for seven members of the EFRAG TEG will expire on March 31, 2009. At the time being the Nominating Committee of the EFRAG Supervisory Board expects that some reappointments will be recommended but that up to four new appointments will be made.

EFRAG seeks Deputy Technical Director and Research Director

30 Oct 2008

EFRAG is seeking a full-time Deputy Technical Director and a full-time Research Director, both of whom will be based in Brussels and report directly to the Technical Director and the Chairman.

EFRAG TEG public conference call

29 Oct 2008

EFRAG TEG will debate in a public conference call on Friday 31st October 2008 at 17:00 (Brussels time).

EFRAG letter to the IASB on IFRS for Private Entities

28 Oct 2008

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.

Endorsement Status Report Update - 23 October 2008

23 Oct 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'.

EFRAG has issued its Comment Letter on DP 'Preliminary Views on an improved Conceptual Framework for Financial Reporting - The Reporting Entity'

22 Oct 2008

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.

EFRAG has issued its Comment Letter on the Exposure Draft of An Improved Conceptual Framework for Financial Reporting: Chapter 1 and 2

21 Oct 2008

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.

EFRAG issues its Draft Comment Letter on the Exposure Draft �Simplifying Earnings per Share'

20 Oct 2008

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.

EFRAG issues its Draft Comment Letter on the Exposure Draft Improvements to IFRSs (2008)

20 Oct 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.

EFRAG TEG public conference call

17 Oct 2008

EFRAG will debate in a public conference call on Friday 17 October 2008 at 15:00 (Brussels time).

EFRAG's Final Comment Letter on DP 'Preliminary Views on Amendments to IAS 19 Employee Benefits'

17 Oct 2008

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'.

Endorsement Status Report Update - 15 October 2008

15 Oct 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG SB Statement

14 Oct 2008

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.

EFRAG's Endorsement Advice on the Amendments to IAS 39 and IFRS 7

14 Oct 2008

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�.

Convergence talks between EFRAG and the IASB

13 Oct 2008

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.

EFRAG TEG public conference call

13 Oct 2008

EFRAG will debate in a conference call on Tuesday 14 October 2008 at 08.00 AM (Brussels time).

EFRAG SB Letter on the IASCF Review of the Constitution

6 Oct 2008

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.

EFRAG TEG public conference call

2 Oct 2008

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

Endorsement Status Report Update - 1 October 2008

1 Oct 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'.

October CFSS/TEG Meeting

30 Sep 2008

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.

EFRAG's Final Comment Letter on DP 'Reducing Complexity in Reporting Financial Instruments'

30 Sep 2008

EFRAG has finalised its due process and submitted to the IASB its comment letter on the Discussion Paper �Reducing Complexity in Reporting Financial Instruments�.

EFRAG TEG public conference call

26 Sep 2008

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

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.

22 Sep 2008

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.

Call for new applicants on the IAWG

22 Sep 2008

EFRAG has decided to renew the members sitting on the insurance accounting working group (IAWG)

EFRAG�s Comment Letter on the Discussion Paper �Financial Instruments with Characteristics of Equity'

19 Sep 2008

EFRAG has finalised its due process and submitted to the IASB its comment letter on the Discussion Paper �Financial Instruments with Characteristics of Equity'

EFRAG Update September 2008

19 Sep 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.

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.

18 Sep 2008

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.

EFRAG's comment letter on the CESR draft Statement Fair value measurement and related disclosures of financial instruments in illiquid markets

17 Sep 2008

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.

EFRAG TEG Public Conference Call

12 Sep 2008

EFRAG will debate in a conference call on Tuesday 16 September 2008 at 14:30h (Brussels time)

EFRAG TEG Meeting on 8 and 9 September

28 Aug 2008

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

Summer Holiday

2 Aug 2008

EFRAG wishes you a wonderful summer holiday and hopes to see you back in September.

Endorsement Status Report Update - 1 August 2008

1 Aug 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'

EFRAG issues its draft comment letter on the Discussion Paper Preliminary Views on an improved Conceptual Framework for Financial Reporting: The Reporting Entity

30 Jul 2008

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.

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

30 Jul 2008

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.

EFRAG issues its draft comment letter on the Discussion Paper on Preliminary Views on Amendments to IAS 19 Employee Benefits

29 Jul 2008

EFRAG has issued its draft comment letter in response to the Discussion Paper on Preliminary Views on Amendments to IAS 19 Employee Benefits

Invitation to comment on EFRAG's assessments of IFRIC 15 - Real Estate Sales

29 Jul 2008

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.

EFRAG�s draft comment letter on the Exposure Draft of An improved Conceptual Framework for Financial Reporting

28 Jul 2008

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.

Public Consultation on EFRAG enhancement

23 Jul 2008

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.

IASCF Constitution Review

23 Jul 2008

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.

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

23 Jul 2008

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.

EFRAG Update July 2008

22 Jul 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.

EFRAG issues its Comment Letter on the IASB discussions about its agenda and priorities (MoU)

22 Jul 2008

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.

Endorsement Status Report Update - 21 July 2008

21 Jul 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'.

EFRAG's Final Endorsement Advice and Effects Study Report on the Amendments to IFRS 1 and IAS 27

21 Jul 2008

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.

EFRAG TEG Public Conference Call

16 Jul 2008

EFRAG will debate in a conference call on Thursday 17 July 2008 at 13:00h (Brussels time)

European Statement on the current market turmoil

11 Jul 2008

EFRAG takes very seriously the concerns some have about the role of financial reporting in the current market turmoil.

EFRAG's Final Endorsement Advice and Effects Study Report on the Improvements to IFRSs

4 Jul 2008

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.

EFRAG Annual Review 2007

2 Jul 2008

EFRAG is happy to announce the release of its Annual Review 2007. You can download the pdf file here. Enjoy your reading!

July 2008 EFRAG TEG Meetings

30 Jun 2008

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.

Roundtable on SME accounting in Europe

27 Jun 2008

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.

EFRAG Update June 2008

27 Jun 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.

EFRAG's draft comment letter in response to the IASB�s Invitation to Comment on the Discussion Paper Financial Instruments with Characteristics of Equity

27 Jun 2008

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.

EFRAG TEG - Public Conference Call

26 Jun 2008

EFRAG will debate in a conference call on Monday 30 June 2008 at 09:00 AM (Brussels time).

Endorsement Status Report Update - 20 June 2008

20 Jun 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'.

TEG - Public conference call

19 Jun 2008

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

EFRAG meeting dates 2009

18 Jun 2008

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.

EFRAG issues its Draft Comment Letter on the IASB discussions about its agenda and priorities (MoU)

12 Jun 2008

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.

EFRAG's Final Comment Letter on D23 - Distributions of Non-cash assets to Owners

6 Jun 2008

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.

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

30 May 2008

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.

June CFSS/TEG Meeting

29 May 2008

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.

TEG - Public conference call

27 May 2008

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

EFRAG Update May 2008

23 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.

EFRAG TEG member steps down

22 May 2008

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.

Endorsement Status Report Update 22 May 2008

22 May 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

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

22 May 2008

TEG - Public conference call

21 May 2008

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

Endorsement Status Report Update May 2008

19 May 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

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

16 May 2008

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.

EFRAG's Final Endorsement Advice and Effects Study Report on IFRIC 13 - Customer Loyalty Programmes

14 May 2008

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.

EFRAG's Final Endorsement Advice and Effects Study Report on the Amendment to IFRS 2

12 May 2008

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.

EFRAG's Final Comment Letter on D24 Customer Contributions

9 May 2008

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.

May 2008 EFRAG TEG Meetings

29 Apr 2008

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

Endorsement Status Report Update April 2008

21 Apr 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded below and under the menu point 'Endorsement Status'.

EFRAG's Final Endorsement Advice on IAS 1 (Revised)

17 Apr 2008

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.

EFRAG's Final Endorsement Advice on IFRIC 14

17 Apr 2008

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

May 2008 EFRAG TEG meetings

17 Apr 2008

EFRAG announces that it will hold the next EFRAG TEG meetings on 7-8-9 May 2008 in the EFRAG offices.

EFRAG Update April 2008

14 Apr 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.

EFRAG's Final Comment Letter on ED of Proposed Amendments to IFRS 2 and IFRIC 11

11 Apr 2008

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.

Status of the views expressed in a recent article in the FT

10 Apr 2008

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.

June 2008 meetings of EFRAG & the European Standard-Setters (the CFSS) and of EFRAG TEG will be held in Prague

10 Apr 2008

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.

Convergence talks between EFRAG and the IASB

9 Apr 2008

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.

Revised Regulation (EC) N� 1606/2002 published in the Offical Journal of the EU

9 Apr 2008

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.

EFRAG's Draft Comment Letter on D23 Distributions of Non-cash Assets to Owners

8 Apr 2008

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.

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.

26 Mar 2008

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.

TEG - Public conference call

20 Mar 2008

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

April CFSS/TEG Meeting

18 Mar 2008

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.

TEG - Public conference call

17 Mar 2008

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

New Endorsement Process: The Council of the EU adopted on 3 March the text of the amendment of the IAS Regulation

14 Mar 2008

It is expected that the revised Regulation (EC) N� 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.

EFRAG requests comments on its initial assessment of the costs and benefits of IFRIC 13

13 Mar 2008

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.

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

13 Mar 2008

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.

EFRAG's Draft Comment Letter on D24 Customer Contributions

12 Mar 2008

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.

EFRAG Endorsement Status Report - March 2008 Update

12 Mar 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

New EFRAG TEG Composition from 1 April 2008

11 Mar 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 Fran�oise Flores as Vice Chair of EFRAG TEG.

EFRAG Update March 2008

10 Mar 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.

EFRAG's Final Comment Letter on ED of proposed amendments to IFRS 1 and IAS 27

7 Mar 2008

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.

TEG - Public Conference Call

29 Feb 2008

The EFRAG TEG will debate in a conference call Thursday 6th March 2008 at 11.00 AM (Brussels time).

EFRAG's Final Comment Letter on the IASB�s Insurance Contracts Discussion Paper

22 Feb 2008

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.

February EFRAG TEG Meeting

20 Feb 2008

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

EFRAG TEG Public Conference Call 15 February 2008

15 Feb 2008

EFRAG TEG will debate today in a public conference call.

EFRAG's Final Comment Letter on ED of Proposed Amendment to IAS 39 Financial Instruments: Recognition and Measurement Exposures Qualifying for Hedge Accounting

15 Feb 2008

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.

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

11 Feb 2008

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.

EFRAG's Final Comment Letter on ED of a Proposed IFRS for SMEs

7 Feb 2008

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.

EFRAG's Draft Comment Letter on the Amendments to IFRS 2 and IFRIC 11 -Group Cash-settled Share-based Payment Transactions

6 Feb 2008

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.

EFRAG's Final Comment Letter on ED 9 Joint Arrangements

6 Feb 2008

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.

TEG - Public Conference Call

4 Feb 2008

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).

EFRAG Update January 2008

3 Feb 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.

EFRAG issues a European discussion paper on 'The Financial Reporting of Pensions'

30 Jan 2008

EFRAG, together with various European national standard setters, has issued a discussion paper on The Financial Reporting Of Pensions.

EFRAG's Final Comment Letter on ED of Proposed Improvements to IFRS

29 Jan 2008

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.

European Discussion Paper on Equity and Liabilities

28 Jan 2008

EFRAG has published a Discussion Paper �Distinguishing between Liabilities and Equity� on behalf of the Pro-active Accounting Activities in Europe (PAAinE). The paper was developed by the German standard-setter.

EFRAG Endorsement Status Report - January 2008 Update

23 Jan 2008

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

EFRAG website enhancements - RSS Feed & automatic newsletter

15 Jan 2008

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.

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

15 Jan 2008

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.

January TEG Meetings

7 Jan 2008

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.

EFRAG Season's Greetings

20 Dec 2007

Click here to view.

EFRAG's Final Comment Letter on IFRIC D21 Real Estate Sales

7 Dec 2007

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.

EFRAG's draft comment letter on the IASB's Exposure Draft 9 - Joint Arrangements

7 Dec 2007

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.

December CFSS/TEG Meeting

6 Dec 2007

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.

EFRAG Update November 2007

30 Nov 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.

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

28 Nov 2007

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.

EFRAG Final Comment Letter on IFRIC D22 Hedges

26 Nov 2007

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.

Special TEG Meeting on SMEs

22 Nov 2007

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.

EFRAG Endorsement Status Report - November Update

22 Nov 2007

EFRAG has updated its Endorsement Status Report in order to reflect the recent developments in relation to the endorsement of IFRS 8.

Removal of the SEC reconciliation requirement for foreign companies listed at US Stock Exchanges

16 Nov 2007

Statement from Stig Enevoldsen, chairman of EFRAG

November TEG Meeting

31 Oct 2007

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.

EFRAG Update October 2007

29 Oct 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.

EFRAG's Draft Comment Letter on ED of Proposed Improvements to International Financial Reporting Standards

29 Oct 2007

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.

TEG - Public Conference Call

24 Oct 2007

The EFRAG TEG will debate in a conference call tomorrow 25th October at 5.30 PM (Brussels time).

Convergence talks between EFRAG and the IASB

18 Oct 2007

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.

EFRAG Endorsement Status Report - Revised October Update

16 Oct 2007

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

October TEG Meeting

3 Oct 2007

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.

EFRAG's draft comment letter on the IASB's Insurance Contracts Discussion Paper

3 Oct 2007

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.

EFRAG Endorsement Status Report - October Update

1 Oct 2007

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

EFRAG Update September 2007

30 Sep 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.

Nominations for the EFRAG TEG

27 Sep 2007

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.

EFRAG extends the comment period for its draft comment letter on the Exposure Draft of an IFRS for SMEs until 29 October 2007

26 Sep 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.

EFRAG Draft Comment Letter on IFRIC D22 Hedges of a Net Investment in a Foreign Operation

19 Sep 2007

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.

EFRAG's Draft Comment Letter on D21 Real Estate Sales

18 Sep 2007

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.

Draft Endorsement Advice on IAS 1 Revisions

14 Sep 2007

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.

IFRIC 13 Draft Endorsement Advice - Invitation to comment

7 Sep 2007

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.

EFRAG Endorsement Status Report - September Update

6 Sep 2007

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

New working group on Joint Venture established

5 Sep 2007

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:

September CFSS/TEG Meeting

29 Aug 2007

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.

EFRAG extends the comment period of its draft comment letter on the Exposure Draft of an IFRS for SMEs until 24 September 2007

22 Aug 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.

EFRAG Update - July 2007

31 Jul 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.

Draft Endorsement Advice on IFRIC 14

25 Jul 2007

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.

EFRAG wishes...

20 Jul 2007

...everybody a pleasant and refreshing vacation period and looks forward to seeing you back in the next few weeks.

EFRAG and the German and French standard-setters publish a discussion paper on Revenue Recognition

20 Jul 2007

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.

EFRAG seeks members for its Financial reporting for interests in Joint Ventures Working Group

19 Jul 2007

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.

Revised Draft Comment Letter on IFRS for SMEs

17 Jul 2007

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:

EFRAG decided to issue a positive DRAFT endorsement advice on IFRIC 14

16 Jul 2007

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

EFRAG decided to issue a positive DRAFT endorsement advice on IFRIC 13 - Customer Loyalty Programmes

13 Jul 2007

During its July meeting, EFRAG discussed the final interpretation on Customer Loyalty Programmes and tentatively concluded that it would support endorsement.

EFRAG Endorsement Status Report - July Update

9 Jul 2007

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

EFRAG Final Comment Letter on IAS 24

5 Jul 2007

EFRAG has submitted its final comment letter on Proposed Amendments to IAS 24 Related Party Disclosures.

July CFSS/TEG Meeting

2 Jul 2007

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.

EFRAG User Panel Meeting

29 Jun 2007

EFRAG members met yesterday for the third time with its User Panel and discussed the following topics:

EFRAG Annual Review 2006

28 Jun 2007

EFRAG is happy to announce the release of its Annual Review 2006. You can download here the pdf file. Enjoy your reading!

EFRAG Update - June 2007

27 Jun 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.

EFRAG and various European National Standard Setters publish a paper in strong support for stewardship as a core objective of financial reporting

25 Jun 2007

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.

EFRAG Endorsement Status Report - June Update

21 Jun 2007

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

EFRAG's Final Endorsement Advice on IAS23 Borrowing Costs Revised

20 Jun 2007

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.

Final EFRAG Comment Letter on Amendments to IFRS 1 Cost of an Investment in a Subsidiary

15 Jun 2007

EFRAG has submitted its final comment letter on Amendments to IFRS 1 Cost of an Investment in a Subsidiary.

Special TEG Meeting on Insurance

13 Jun 2007

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 Mee�s 1000 Brussels.

EC publishes follow-up questionnaires to the general questionnaire on IFRS 8

12 Jun 2007

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.

Update of website structure

8 Jun 2007

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.

EFRAG TEG Meeting Dates 2008

8 Jun 2007

EFRAG announces that it has set its TEG meeting dates for 2008. You can download them here.

EU analysis of impact of IFRS 8 Operating Segments questionnaire

4 Jun 2007

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.

EFRAG Endorsement Status Report - June Update

4 Jun 2007

EFRAG has updated the EFRAG Endorsement Status Report, which can be downloaded under the menu point 'Endorsement Status'.

EFRAG decides to issue positive endorsement advice on Amendments to IAS 23 Borrowing Costs

30 May 2007

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.

Final EFRAG Comment letter on Fair Value Measurements

29 May 2007

EFRAG has submitted its final comment letter on Fair Value Measurements.

May-June TEG Meeting

21 May 2007

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 Mee�s 29, 1000 Brussels.

EFRAG Update - April 2007

16 May 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.

Endorsement Status and IFRS 8 - Operating Segments (The new IASB Standard on Segment Reporting)

4 May 2007

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.

Draft Endorsement Advice on IAS 23 Borrowing costs

25 Apr 2007

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.

EFRAG Draft Comment Letter on IAS 24

24 Apr 2007

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.

Draft Comment Letter on IFRS for SMEs

19 Apr 2007

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:

Convergence talks between EFRAG and the IASB

18 Apr 2007

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.

April TEG Meeting

17 Apr 2007

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.

European views on equity/liability classification

16 Apr 2007

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.

Convergence talks between EFRAG and the IASB

4 Apr 2007

On 17 April 2007 an EFRAG delegation will meet with IASB representatives in London in order to present European views on certain convergence topics.

EFRAG's Final Endorsement Advice on IFRIC 12

23 Mar 2007

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.

EFRAG Update - March 2007

21 Mar 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.

EFRAG decides to issue positive endorsement advice on IFRIC 12

9 Mar 2007

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.

March TEG Meeting

8 Mar 2007

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.

Draft Comment Letter on IFRS 1 Cost of an Investment

1 Mar 2007

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.

Draft Comment Letter on Fair Value Measurements

1 Mar 2007

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.

New TEG Composition as of 1 April 2007

21 Feb 2007

The EFRAG Supervisory Board has approved the following composition of the EFRAG Technical Expert Group based on a proposal from the Nominating Committee:

EFRAG Update - February 2007

21 Feb 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.

Next TEG meetings - locations

19 Feb 2007

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.

TEG Special Meeting on Concessions on 9 March

15 Feb 2007

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.

EFRAG issues draft endorsement advice on IFRIC 12

12 Feb 2007

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.

February TEG Meeting

6 Feb 2007

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.

Update from February ARC meeting

5 Feb 2007

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.

EFRAG launches new website

2 Feb 2007

EFRAG has launched its new website on www.efrag.org

EFRAG Update - January 2007

25 Jan 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.

EFRAG decides to issue positive draft endorsement advice on IFRIC 12

24 Jan 2007

EFRAG discussed yesterday at its extraordinary meeting again its draft endorsement advice on IFRIC 12 - Service Concesson Arrangements

EFRAG's Final Endorsement Advice on IFRIC 11

18 Jan 2007

EFRAG has submitted its final endorsement advice on IFRIC 11 IFRS 2 Group and Treasury Share Transactions.

IFRIC 12 Draft Endorsement Advice Comment Letter withdrawn

18 Jan 2007

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.

EFRAG has issued its Framework DP comment letter to the IASB

17 Jan 2007

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.

EFRAG's Final Endorsement Advice on IFRS 8

16 Jan 2007

EFRAG has submitted its final endorsement advice on IFRS 8 Operating Segments.

EFRAG TEG January 2007 Meeting

3 Jan 2007

EFRAG announces its next TEG meetings on 10-12 January 2007. The running order can be downloaded here.

EFRAG wishes

22 Dec 2006

EFRAG Season's Greetings...

EFRAG Endorsement Advice Letter on IFRIC 10

20 Dec 2006

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.

EFRAG reissues its IFRIC 11 draft endorsement advice letter. Comments invited by 7 January 2007

20 Dec 2006

On 7 December EFRAG issued its draft endorsement advice on IFRIC 11 IFRS 2 Group and Treasury Share Transactions for comment.

EFRAG Endorsement Status Report - Update

20 Dec 2006

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'.

EFRAG Update December 2006

13 Dec 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.

EFRAG issues its draft endorsement advice on IFRIC 11

7 Dec 2006

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.

Draft endorsement advice on IFRS 8

6 Dec 2006

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.

Final EFRAG comment letter on IFRIC D20 Customer Loyalty Programmes

28 Nov 2006

EFRAG has submitted its comment letter on IFRIC D20 Customer Loyalty Programmes.

European Discussion Paper on Performance Reporting

27 Nov 2006

EFRAG and ICAC are publishing a Discussion Paper on Performance Reporting entitled 'What (if anything) is wrong with the good old income statement?'

Final Comment Letter on IFRIC D19 IAS19 � The Asset Ceiling : Availability of Economic Benefits and Minimum Funding Requirements

24 Nov 2006

EFRAG has submitted its comment letter on IFRIC D19 IAS19 � The Asset Ceiling: Availability of Economic Benefits and Minimum Funding Requirements.

Final Comment Letter on ED of Proposed Amendments to IAS23 - Borrowing Costs

17 Nov 2006

EFRAG has submitted its comment letter on the ED of proposed amendments to IAS 23 � Borrowing costs.

EFRAG Update November 2006

16 Nov 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.

European Discussion paper on elements of the Framework debate

16 Nov 2006

EFRAG and CNC are publishing the first Discussion Paper under the auspices of the Pro-active Accounting Activities in Europe (PAAinE).

EFRAG User Panel established

9 Nov 2006

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.

EFRAG - 3rd Advisory Forum October 2006 - Summary

6 Nov 2006

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.

Convergence talks between EFRAG and the IASB

31 Oct 2006

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.

IASB Discussion paper on the Conceptual Framework

24 Oct 2006

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.

Final Comment Letter on ED on puttable instruments

23 Oct 2006

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

EFRAG October Update

15 Oct 2006

The October edition of EFRAG Update, which summarises the discussions at the recent EFRAG TEG meeting, has been published and can be downloaded here.

IFRIC Due Process Handbook comment letter published

3 Oct 2006

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.

Appointments to the EFRAG TEG

29 Sep 2006

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.

EFRAG Third Advisory Forum on Revenue Recognition - 18th October in Brussels - Panel Member

28 Sep 2006

EFRAG is pleased to confirm the facilitator and speakers.

September TEG meeting - EFRAG update

12 Sep 2006

The September edition of EFRAG Update, which summarises the discussions at the recent EFRAG TEG meeting, has been published and can be downloaded here

IFRIC 10 Interim Financial Reporting and Impairment

1 Sep 2006

EFRAG finalised its draft Endorsement Advice Letter and invites for comments no later than 6 October 2006.

EFRAG/CNC Meeting on Conceptual Framework in Paris � 22 September

25 Aug 2006

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.

Appointment of a new TEG member

23 Aug 2006

The EFRAG Supervisory Board has appointed a new member to the EFRAG Technical Expert Group (TEG): Mr Roberto Monachino

EFRAG is seeking candidates for its new USER PANEL

22 Aug 2006

EFRAG has decided to establish a User Panel to assist the EFRAG Technical Experts Group (TEG) in its work.