EFRAG Update detailing its January developments
04 Feb, 2014
The European Financial Reporting Advisory Group (EFRAG) has released a new issue of its EFRAG Update newsletter, summarising the discussions held on the EFRAG TEG conference call of 7 January 2014 and at the EFRAG TEG meeting of 27–29 January 2014.
Highlights were the publication of:
- final comment letter on IASB DP A Review of the Conceptual Framework for Financial Reporting
- draft comment letter on IASB ED Annual Improvements to IFRSs 2012–2014 Cycle
- first papers in EFRAG's new Short Discussion Series
- final endorsement advice on IASB narrow scope amendment Defined Benefit Plans: Employee Contributions (Amendments to IAS 19)
- draft endorsement advice on the Annual Improvements to IFRSs 2010–2012 and 2011–2013 Cycles
Additional topics discussed in the newsletter are:
- IFRS 3 Business Combinations — Subsequent accounting for acquisition step-ups
- Long-term investment business models
- Accounting for macro hedge accounting
- IFRS 9 Financial Instruments — Impairment
- IFRS 11 Joint Arrangements
- Post-implementation review of IFRS 3
- IASB ED Equity Method: Share of Other Net Asset Changes — Proposed amendments to IAS 28
Click for the EFRAG Update (link to EFRAG website).
