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EFRAG to conduct field testing on IASB’s project on disclosure requirements in IFRS Standards

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

21 May 2021

The EFRAG, in coordination with the IASB, will conduct field testing on the IASB’s Exposure Draft ED/2021/3, ‘Disclosure Requirements in IFRS Standards — A Pilot Approach’, and invites companies to participate in the field-testing.

The field-test­ing will help ‘identify potential implementation and application concerns, to determine whether there is a need for additional guidance, and to estimate the cost and effort required to implement and apply the proposals on a recurring basis’.

For more in­for­ma­tion, see the press release on the EFRAG’s website. There is also a ten minute podcast on the field testing. Please note that the deadline for expressing interest in participating has been extended to 20 July 2021.

Update: On 23 July 2021, the EFRAG has extending the deadline for those interested in participating in the field test to 10 September 2021 and extend the period to conduct the field test to 25 October 2021.

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