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.

New issue of the European Conceptual Framework newsletter regarding the outcome of the ASAF meeting

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

05 Jun 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 fourth issue of their newsletter series ‘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 fourth issue of the newsletter takes a look at the discussions held during Accounting Standards Advisory Forum (ASAF) meeting in April 2013 and the impact certain discussions had in the IASB’s tentative decisions on the conceptual framework project.

Specifically, this newsletter considered the following issues:

  • measurement;
  • presentation in the statements of profit or loss and comprehensive income;
  • uncertainty;
  • the role of the business model;
  • the unit of account;
  • additional issues ASAF members wanted to be considered in the Conceptual Framework; and
  • the comment period for the IASB discussion paper.

Click for (links to 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.