EFRAG launches podcast series on the post-implementation reviews of IFRS 10, IFRS 11, and IFRS 12

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

24 Feb, 2021

The EFRAG has released a first podcast on the post-implementation review of IFRS 10 ‘Consolidated Financial Statements’, IFRS 11 ‘Joint Arrangements’ and IFRS 12 ‘Disclosure of Interests in Other Entities’, which provides an introduction into the post-implementation review process.

On 9 December 2020, the IASB issued a request for information seeking comments from stakeholders to identify whether IFRS 10, IFRS 11, and IFRS 12 provide information that is useful to users of financial statements; whether there are requirements that are difficult to implement and may prevent the consistent implementation of the standards; and whether unexpected costs have arisen in connection with applying or enforcing the standards.

EFRAG has now launched a series of four podcasts (each about ten minutes long). In addition to the first podcast released today, which offers an introduction into the post-implementation review process, there will be three more podcasts each focusing on one of the standards involved in the post-implementation review. The podcasts will be released each Wednesday, so the next episodes on IFRS 10, IFRS 11, and IFRS 12 are expected on 3, 10 and 17 March, respectively.

For more information, see the press release on the EFRAG’s website.  A link to all of the podcasts is available on the EFRAG website here.

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