EFRAG Endorsement Advice of Annual Improvements to IFRS Accounting Standards—Volume 11
Overview of the Amendments
The Amendments provide limited changes that either clarify the wording in the amended IFRS Accounting Standards or correct relatively minor unintended consequences, oversights or conflicts between the requirements of the IFRS Accounting Standards and are effective for annual periods beginning on or after 1 January 2026 with earlier application permitted.
EFRAG's Endorsement Advice
EFRAG has submitted its Endorsement Advice related to Annual Improvements to IFRS Accounting Standards—Volume 11 (‘the Amendments’), for use in the European Union and European Economic Area. EFRAG assesses that the Amendments meet all technical endorsement criteria of the IAS Regulation and are conducive to the European public good. It therefore recommends endorsement of the Amendments. EFRAG's recommendation is explained in the letter to the European Commission and the accompanying appendices.
EFRAG has also updated its Endorsement Status Report.