The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has prepared a short briefing paper with additional answers to some of the questions asked by Members of the European Parliament of the Economic and Monetary Affairs Committee (ECON) during recently-held two public hearings on the International Financial Reporting Standards (IFRS) broadly , and on IFRS 9 'Financial Instruments' specifically.
The European Union has published a Commission Regulation endorsing the August 2014 amendments to IAS 27 that reinstate the equity method as an accounting option for investments in subsidiaries, joint ventures and associates in an entity's separate financial statements.
The Board of the European Financial Reporting Advisory Group (EFRAG) has announced the appointment of four (new) members of its Technical Experts Group (TEG).
The European Union has published a Commission Regulation endorsing the December 2014 amendments to IAS 1 that clarify the standard to address perceived impediments to preparers exercising their judgement in presenting their financial reports.
On 16 December 2015, the EFRAG Board decided to appoint Andrew Watchman as the new EFRAG TEG Chairman and EFRAG CEO to succeed Françoise Flores whose second term will come to an end in March next year.
The European Union has published a Commission Regulation endorsing the September 2014 amendments resulting from the 2012-2014 cycle of annual improvements.
EFRAG has issued a report summarising the results of a public survey conducted by the IASB and the National Standard Setters of France, Germany, Italy, Lithuania, and the UK on the potential impact of the forthcoming new IFRS on leases on financial covenants in loan agreements.
The European Banking Authority (EBA) has launched a consultation on using IFRS 9 'Financial instruments' for the reporting of financial information by institutions using IFRS.
In September 2015, the European Financial Reporting Advisory Group (EFRAG) finalised the long-awaited endorsement advice on IFRS 9 ‘Financial Instruments’ and recommended endorsement of IFRS 9, but withheld comments on insurance industry.
The European Union has published a Commission Regulation endorsing the May 2014 amendments to IAS 16 and IAS 38 that provide additional guidance on how the depreciation or amortisation of property, plant and equipment and intangible assets should be calculated.
On 1 December 2015, the Committee on Economic and Monetary Affairs (ECON) of the European Parliament held a public hearing on IFRS 9 'Financial Instruments'.
Upon the request of the European Commission, the European Financial Reporting Advisory Group (EFRAG) has further explained how it has reached the conclusion contained in its endorsement advice that IFRS 9 is not contrary to the true and fair principle.
The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IAS 1, IAS 19, IAS 27, IAS 34, IAS 36, IFRS 5, IFRS 10, and IFRS 13.
The European Union has published a Commission Regulation endorsing the May 2014 amendments to IFRS 11 that clarify the accounting for acquisitions of an interest in a joint operation when the operation constitutes a business.
The Committee on Economic and Monetary Affairs (ECON) of the European Parliament announces that it will hold a public hearing on IFRS 9 'Financial Instruments' on 1 December 2015.
The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has commented on the draft letter from the European Financial Reporting Advisory Group (EFRAG) to the European Commission supplementing its endorsement advice on adoption of IFRS 9 'Financial Instruments'.
The European Securities and Markets Authority (ESMA) has commented on the draft letter from the European Financial Reporting Advisory Group (EFRAG) to the European Commission supplementing its endorsement advice on adoption of IFRS 9 'Financial Instruments'.
In September 2015, the European Financial Reporting Advisory Group (EFRAG) finalised the long-awaited endorsement advice on IFRS 9 ‘Financial Instruments’ and recommended endorsement of IFRS 9, but withheld comments on insurance industry.
The Committee on Economic and Monetary Affairs (ECON) of the European Parliament has commissioned four studies on IFRS 9 'Financial Instruments' that have been made publicly available.
The European Securities and Markets Authority (ESMA) has announced the priority issues that the assessment of listed companies' 2015 financial statements will focus on.
The European Securities and Markets Authority (ESMA) has published four documents in order to support the implementation of the amended European Union Transparency Directive.
The European Securities and Markets Authority (ESMA) has published four documents in order to promote implementation and assist application of requirements included within the amended European Union Transparency Directive.