'EFRAG Update' for February

04 Mar, 2015

The European Financial Reporting Advisory Group (EFRAG) has published an 'EFRAG Update' summarising public technical discussions held and decisions made during February 2015.

The Update reports on the meeting of the EFRAG Board on 10 February and the meeting of the EFRAG Technical Expert Group (EFRAG TEG) on 26 - 27 February as well as written procedures of the EFRAG Board in February. The Update also lists EFRAG publications issued in January:

a letter to the European Commission recommending postponement of the endorsement process for Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28);
final endorsement advice on the Annual Improvements to IFRSs 2012-2014 Cycle;
a draft comment letter on the IASB Exposure Draft Disclosure Initiative (Proposed amendments to IAS 7);
a feedback statement summarising input from constituents and how it was taken into account in the finalisation of the comment letter in response to the IASB Discussion Paper Reporting the Financial Effects of Rate Regulation;
a feedback statement summarising the responses received to the EFRAG Short Discussion Series paper Levies: what would have to be changed in IFRS for a different accounting outcome?;
a feedback statement summarising the responses received to the EFRAG Short Discussion Series paper Presentation of the reversal of acquisition step-ups; and
a feedback statement summarising the responses received to EFRAG/OIC/ASBJ Discussion Paper Should Goodwill Still Not Be Amortised?.