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EFRAG issues draft comment letter on the 2015 IASB Agenda Consultation; launches consultation on its proactive agenda

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

01 Oct 2015

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB’s Request for Views, “2015 Agenda Consultation.”

On 11 August 2015, the IASB launched its second public consultation to seek broad public input on the strategic direction and overall balance of its future work programme. In the draft comment letter, the EFRAG believes the main priorities for the IASB should be (1) completing the insurance contract standard, (2) revising its conceptual framework, and (3) making significant progress on the disclosure initiative and dynamic risk management projects. In addition, the EFRAG provides an analysis and assessment of the importance of each IASB research project. Further, the EFRAG comments on the usefulness of post-implementation reviews when evaluating a standard and recommends that the IASB leverage work done by other accounting bodies during its research phase. Comments on the draft comment letter are due by 30 November 2015. For more information, see the draft comment letter on the EFRAG’s website.

In parallel with the IASB’s 2015 Agenda Consultation, the EFRAG is seeking views from its constituents on its proactive agenda. The proactive agenda consultation seeks views on the recent proactive work performed by the EFRAG as well as future proactive activities relevant for Europe. Comments on the consultation are due by 30 November 2015. For more information, see the press release and proactive agenda consultation on the EFRAG’s website.

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