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

  • IFRS - EFRAG Image
  • IFRS - IASB Image

Dec 21, 2015

On December 21, 2015, the European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS), the Associazione Italiana degli Analisti e Consulenti Finanziari (AIAF), and the International Accounting Standards Board (IASB) issued a summary report related to their joint outreach event held on October 22, 2015 related to the IASB’s Exposure Draft "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 press release on the EFRAG website offers a summary of the main observations and access to the full report.

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