EFRAG Final Comment Letter on the IASB Agenda Consultation

​EFRAG has published its Comment Letter on the IASB's Third Agenda Consultation Request for Information. It provides EFRAG's views on the projects the IASB should prioritise in its work plan for 2022 to 2026.

​EFRAG considers that the overall balance of the activities of the IASB is generally appropriate. EFRAG further suggests the IASB identifies a separate area of its activity to address the connectivity between financial reporting and sustainability reporting and increases the resources devoted to digital reporting.

EFRAG has identified the following high priority projects, ranked according to their priority:

  • Intangibles;
  • Sustainability in financial reporting, starting from climate (including connectivity and pollutant pricing mechanisms); and
  • Crypto assets-liabilities.
In addition, EFRAG is of the view that the treatment under IFRS 9 of financial instruments with ESG features is an urgent and prevalent issue and requests the IASB to address this in the short term.

Other high priority projects are:

  • Discontinued operations and disposal groups;
  • Statement of cash flows and related matters; and
  • Variable and contingent consideration.

EFRAG's Final Comment Letter can be found here.


Related project