This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Joint press release on IASB-EFRAG Meeting

  • IASB (International Accounting Standards Board) (blue) Image
  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

13 Mar 2012

A summary of the issues discussed at the joint meeting held 9 March 2012 between the IASB and EFRAG.

The IASB and European Financial Reporting Advisory Group (EFRAG) have issued a press release on their joint meeting held on 9 March 2012 to discuss the status of ongoing projects and other topics. These meetings take place on a regular basis and are used to discuss European ideas and input into projects on the IASB's agenda. In addition to representatives from EFRAG, four European standard-setters were represented: France, Germany, Italy and the UK. The topics discussed were:

  • Insurance contracts
  • Leases
  • Financial instruments
  • Revenue recognition
  • ESMA paper on 'materiality'
  • EFRAG's forthcoming discussion paper on the Disclosure Framework
  • The potential for coordination on research projects, the due process for the IASB's forthcoming post-implementation reviews and how user outreach can be coordinated

Click for:

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.