EFRAG publishes March 2016 issue of 'EFRAG Update'
31 Mar, 2016
The European Financial Reporting Advisory Group (EFRAG) has published an 'EFRAG Update' summarising public technical discussions held and decisions made during March 2016.
The Update reports on the EFRAG Board meeting on 8 March, the EFRAG Technical Expert Group (EFRAG TEG) meeting on 23 March and the EFRAG Consultative Forum of Standard Setters (CFSS) meeting on 22 March. The Update also lists EFRAG publications issued in March:
- EFRAG’s final comment letter and feedback statement on the IASB’s Exposure Draft ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle (link to EFRAG website);
- EFRAG’s final comment letter and feedback statement on the IASB’s Exposure Draft ED/2015/8 IFRS Practice Statement: Application of Materiality to Financial Statements;
- EFRAG’s final comment letter on the IASB Exposure Draft ED/2015/9 Transfers of Investment Property: Proposed Amendment to IAS 40;
- EFRAG’s feedback statement following the publication of its final comment letter on the Exposure Draft ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (link to EFRAG website);
- EFRAG’s summary of responses received on the questionnaire on the proposed definitions of an asset and a liability; and
- EFRAG’s and the Institute of Chartered Accountants of Scotland’s (ICAS’s) study on the decision-usefulness of financial reporting.
Please click to download the March EFRAG Update from the EFRAG website.
