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EFRAG Update detailing June/July developments

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

22 Jul 2014

The European Financial Reporting Advisory Group (EFRAG) has released a new issue of its 'EFRAG Update' newsletter, summarising the discussions held at the EFRAG TEG conference calls of 24 June and 3 July 2014 and the EFRAG TEG meeting of 14-16 July 2014.

Highlights included the issuance of two draft comment letters related to (1) IASB’s discussion paper on macro hedging and (2) IASB’s exposure draft on investment entities and approved a final comment letter on the IASB’s proposed amendments to IAS 1. In addition, the EFRAG TEG approved:

  • An invitation to comment relating to the endorsement for use in the European Union and European Economic Area of IASB publication on bearer plants.
  • An EFRAG/ICAC/OIC/RJ discussion paper on separate financial statements.
  • Two short discussion series papers on the presentation of the reversal of acquisition ‘step-ups’ and the question of whether IFRIC 21 unveiled issues in IAS 37.

Additional topics discussed in the newsletter are:

Please click for the new issue of the EFRAG Update (link to EFRAG website).

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