Second issue of the European Conceptual Framework newsletter

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

12 Mar, 2013

The European Financial Reporting Advisory Group (EFRAG), the French Autorité des Normes Comptables (ANC), the Accounting Standards Committee of Germany (ASCG), the Organismo Italiano di Contabilità (OIC) and the UK Financial Reporting Council (FRC) have published the second issue of their new newsletter ‘Keep up with getting a better framework’ informing European constituents on the latest developments regarding the progress of the Conceptual Framework project with the IASB and other stakeholders.

The second issue of the newsletter summarises and comments on the tentative decisions reached at the February 2013 IASB meeting regarding the content of the forthcoming Discussion Paper on:

  • the purpose of the Conceptual Framework;
  • elements of financial statements;
  • recognition and derecognition;
  • measurement; and
  • reporting entity.

As outlined by project partners in their strategy on conceptual framework, specific newsletters will be issued as new developments become available. In addition, the project partners intend on issuing bulletin reports on specific issues during the course of the project in an effort to stimulate debate that may be used in discussions with the IASB.

The press release and newsletter are available on the EFRAG website.

    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.