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EFRAG, EFFAS, AIAF, and IASB issue summary of outreach event on profit or loss and OCI

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • IASB (International Accounting Standards Board) (blue) Image

21 Dec 2015

The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS), the Associazione Italiana degli Analisti e Consulenti Finanziari (AIAF), and the International Accounting Standards Board (IASB) have issued a summary report related to their joint outreach event held on 22 October 2015 related to Exposure Draft ED/2015/3 ‘Conceptual Framework for Financial Reporting’.

Specifically, members of the panel and participants of the outreach event discussed how profit or loss (P&L) could become more useful and what the role of other comprehensive income (OCI) may be. The press release on the EFRAG website offers a summary of the main observations and access to the full report.

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