EFRAG to hold additional outreach meetings on proactive discussion papers
The European Financial Reporting Advisory Group (EFRAG) announced additional outreach meetings on 17 April 2012 in Amsterdam and 18 April 2012 in Vienna regarding discussion papers 'Accounting for business combinations under common control' and 'Improving the Financial Reporting of Income Tax'.
The Amsterdam meeting (discussing only the discussion paper related to income tax) will be hosted by EFRAG and the UK and Dutch Accounting Standards Boards. The Vienna meeting will be hosted by EFRAG, the UK Accounting Standard Board, the Austrian Accounting Standard Board and the Italian standard setter (Organismo Italiano di Contabilità, OIC).
As noted in our earlier story, the meetings are designed to gather feedback from users on the topics developed in the discussion papers. The feedback will then be used by the EFRAG, and the accounting standard setters in future work with the IASB that relates to income taxes and business combinations under common control. Registration is requested by 23 March 2012 for the Amsterdam meeting and 29 March 2012 for the Vienna meeting.