EFRAG publishes December 2015 issue of 'EFRAG Update'
07 Jan, 2016
The European Financial Reporting Advisory Group (EFRAG) has published an 'EFRAG Update' summarising public technical discussions held and decisions made during December 2015.
The Update reports on EFRAG Board conference call on 4 December, the EFRAG Board meeting on 16 December, the EFRAG Technical Expert Group (EFRAG TEG) meeting on 3-4 December and the meeting of the EFRAG Consultative Forum of Standard Setters (EFRAG CFSS) on 2 December. The Update also lists EFRAG publications issued in December:
- EFRAG’s final comment letters on the IASB’s Exposure Drafts ED/2015/3 Conceptual Framework for Financial Reporting and ED/2015/4 Updating References to the Conceptual Framework (link to EFRAG website);
- EFRAG’s draft comment letter on ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts;
- EFRAG’s draft comment letter on ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle;
- EFRAG’s draft comment letter on ED/2015/9 Transfers of Investment Property: Proposed Amendments to IAS 40;
- EFRAG’s draft comment letter on the IFRS Foundation’s Invitation to Comment regarding the IFRS Taxonomy Due Process;
- EFRAG’s response to the Request for Views Trustees’ Review of the Structure and Effectiveness: Issues for Review and the related feedback statement addressing the comment letters EFRAG received (link to EFRAG website);
- EFRAG’s report summarising the findings from the public survey conducted by EFRAG, in association with the National Standard Setters of Lithuania, France, Germany, Italy and the UK on the effects of the introduction of IFRS 16 Leases on financial covenants in loan agreements;
- EFRAG’s letter to the European Commission providing further information relating to the endorsement of IFRS 9 Financial Instruments and specifically addressing the non-alignment of the effective dates of IFRS 9 and the future insurance contracts standard;
- EFRAG’s letter to the European Commission to explain further how it reached the conclusion contained in its endorsement advice that IFRS 9 is not contrary to the true and fair principle;
- EFRAG’s feedback statement in relation to the joint outreach event held in Oslo, on the IASB Exposure Draft ED 2015/3 Conceptual Framework for Financial Reporting, in conjunction with the Norwegian Accounting Standards Board (NASB) (link to EFRAG website);
- EFRAG’s feedback statement in relation to the joint outreach event held in Madrid, on the IASB Exposure Draft ED 2015/3 Conceptual Framework for Financial Reporting, in conjunction with the Spanish Standard Setter (Instituto de Contabilidad y Auditoria de Cuentas (link to EFRAG website);
- EFRAG’s feedback statement in relation to the joint outreach event held in Vilnius, on the IASB Exposure Draft ED 2015/3 Conceptual Framework for Financial Reporting, in conjunction with the Estonian Ministry of Finance and the Lithuanian Authority of Audit and Accounting (link to EFRAG website);
- EFRAG’s feedback statement in relation to the joint outreach event held in Warsaw, on the IASB Exposure Draft ED 2015/3 Conceptual Framework for Financial Reporting, in conjunction with the Polish Accounting Standards Committee (KSR) (link to EFRAG website);
- EFRAG’s feedback statement in relation to the joint outreach event held in Rome, on the IASB Exposure Draft ED 2015/3 Conceptual Framework for Financial Reporting, in conjunction with the Italian Standard Setter (organism Italiano di Contabilita) (link to EFRAG website); and
- EFRAG’s summary report on the joint investor outreach event in Milan in conjunction with EFFAS, the AIAF and the IASB on profit or loss and other comprehensive income.
Please click to download the December EFRAG Update from the EFRAG website.
