EFRAG publishes September 2015 issue of 'EFRAG Update'
05 Oct, 2015
The European Financial Reporting Advisory Group (EFRAG) has published an 'EFRAG Update' summarising public technical discussions held and decisions made during September 2015.
The Update reports on the meeting of the EFRAG Board on 21 September, the meeting of the EFRAG Technical Expert Group (EFRAG TEG) on 10 - 11 September, the meeting of the EFRAG Consultative Forum of Standard Setters (EFRAG CFSS) on 24 September as well as the expected written procedures of the EFRAG Board in October. The Update also lists EFRAG publications issued in September:
- EFRAG’s final endorsement advice to the European Commission relating to the adoption of IFRS 9 Financial Instruments for use in the European Union and European Economic area;
- EFRAG’s recommendation to the European Commission to further postpone the endorsement process on the amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture until the IASB finalises its due process on its proposals to amend the effective date of the amendments to IFRS 10 and IAS 28;
- EFRAG’s draft comment letter in response to the IASB’s Exposure Draft ED/2015/6 Clarifications to IFRS 15;
- EFRAG’s draft comment letter on the IASB’s Exposure Draft ED/2015/7 Effective Date of Amendments to IFRS 10 and IAS 28;
- EFRAG’s draft comment letter on the 2015 IASB Agenda Consultation;
- EFRAG’s own Proactive Agenda Consultation;
- EFRAG’s summary report of the Joint Investor Outreach Event on profit or loss (P&L) and other comprehensive income (OCI); and
- EFRAG’s extension of the comment period for its document for public consultation regarding the IASB Exposure Draft ED/2015/3 Conceptual Framework for Financial Reporting, its draft comment letter in response to the IASB Exposure Draft ED/2015/4 Updating References to the Conceptual Framework, and to the EFRAG Bulletin, Profit or Loss.
Please click to download the September EFRAG Update from the EFRAG website.
