EFRAG outreach on PIR IFRS 8 and on disclosures

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

21 Sep, 2012

The European Financial Reporting Advisory Group (EFRAG) offers an outreach event on the IASB post–implementation review (PIR) of IFRS 8 'Operating Segments' and the EFRAG/ANC/FRC discussion paper on disclosures on Thursday 11 October 2012 in Brussels.

EFRAG joins other national standard setters in offering a discussion forum in order to collect feedback from stakeholders on the International Accounting Standards Board’s (IASB) Post-implementation Review of IFRS 8 Operating Segments. The post-implementation review process for IFRS 8 Operating Segments was initiated in the first quarter of 2012 and Request for Information Post-implementation Review: IFRS 8 Operating Segments was issued in July 2012, with comments closing on 16 November 2012. With this outreach event, EFRAG intends to gather evidence  from European  constituents  on their experiences preparing and/or using information under IFRS 8 as a contribution to EFRAG’s response to the IASB Request for Information.

Part of the event will also be dedicated to debate and feedback on the discussion paper Towards a Disclosure Framework for the Notes, that was published jointly by EFRAG, the French Autorité des Normes Comptables (ANC) and the UK Financial Reporting Council (FRC) in July 2012. The aim of the discussion paper is to eventually influence and provide input to the IASB on their envisaged disclosure framework project.

Please click for more information on the EFRAG website (includes links to full agenda and for registration).

EFRAG has also announced that additional outreach events on PIR IFRS 8 and the discussion paper on disclosures will be offered throughout Europe in October and November though details are yet to be communicated. So far events in Copenhagen (29 October), Vilnius (30 October, discussion paper on disclosures only), Warsaw (8 November), Frankfurt (13 November), and Amsterdam (27 November, discussion paper on disclosures only) have been announced. Please see EFRAG website for further information.

Furthermore, EFRAG reminds stakeholders that responses to the request for experiences with IFRS 8 are still possible until 31 October 2012 (see our earlier story / EFRAG press release).

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