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21/09/2020 - EFRAG summary report of the field-test workshop on 24 August 2020

​EFRAG has issued a report that summarises the findings ​from the companies involved in the field-test on the IASB proposals in the Exposure Draft General Presentation and Disclosures. The workshop took place on 24 August 2020 - in close coordination with European National Standard Setters and the IASB, where different companies (corporate and financial institutions) discussed potential implementation and application concerns, whether there is a need for additional guidance and the efforts required to implement and apply the IASB proposals.


​EFRAG, in close coordination with European National Standard Setters and the IASB, is conducting field-tests of the IASB proposals included in the Exposure Draft ED/2019/7 General Presentation and Disclosures published in December 2019.

The purpose of the field-test is to identify potential implementation and application concerns, determine whether there is a need for additional guidance and estimate the efforts required to implement and apply the IASB proposals.

The companies involved were asked to apply the IASB proposals to their financial statements and complete a questionnaire prepared by EFRAG and the IASB. The results of hte questionnaire were discussed in a workshop on 24 August 2020.

This summary report ​has been prepared for the convenience of European constituents to summarise the input from the workshop and will be further considered by the involved organisations in their respective due process on the IASB proposals.

PFS Workshop 24 08 report cover.PNG