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EFRAG, EFFAS/ABAF, and IASB issue summary of outreach event on profit or loss and OCI

  • IFRS - EFRAG Image
  • IFRS - IASB Image

Sep 09, 2015

On September 9, 2015, the European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS) and the Association Belge des Analystes Financiers (ABAF), and the International Accounting Standards Board (IASB) issued a summary report related to their joint outreach event held on July 1, 2015 related to Exposure Draft ED/2015/3 "Conceptual Framework for Financial Reporting".

Specifically, members of the panel and participants of the outreach event discussed how profit or loss (P&L) could become more useful and what the role of other comprehensive income (OCI) may be.

The EFRAG will consider the feedback received from the outreach event for its comment letter to the exposure draft.

Review the press release and the report on the EFRAG’s Web Site.

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