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EFRAG strives to enlarge General Assembly

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EFRAG questionnaire on goodwill
14 Sep 2020
The European Financial Reporting Advisory Group (EFRAG) has published a questionnaire and an invitation for interviews for preparers with active mergers and acquisitions agendas or material goodwill amounts in their financial statements.
EFRAG agrees on draft endorsement advice on IFRS 17
10 Sep 2020
In a public meeting, the Board of the European Financial Reporting Advisory Group (EFRAG) agreed today to publish positive a draft endorsement advice (DEA) on IFRS 17 'Insurance Contracts'.
EFRAG publishes August 2020 issue of 'EFRAG Update'
07 Sep 2020
The European Financial Reporting Advisory Group (EFRAG) has published an 'EFRAG Update' summarising public technical discussions held and decisions made during August 2020.
European Lab announces members of its task force on possible EU non-financial reporting standards
07 Sep 2020
The European Financial Reporting Advisory Group (EFRAG) has published a list of the members of a new project task force on preparatory work for the elaboration of possible EU non-financial reporting standards.
EFRAG publishes July 2020 issue of 'EFRAG Update'
04 Aug 2020
The European Financial Reporting Advisory Group (EFRAG) has published an 'EFRAG Update' summarising public technical discussions held and decisions made during July 2020.
EFRAG outreach event in the context of the endorsement process of IBOR Phase 2
03 Aug 2020
The issuance of final amendments as result of the IASB project on 'IBOR reform and the effects on financial reporting — Phase 2' is expected in August. Given the urgency of the endorsement and the accelerated consultation process, the European Financial Reporting Advisory Group (EFRAG) has organised a public outreach event on 7 September 2020 to collect additional views from constituents on the draft endorsement advice EFRAG plans to publish at the end of August (shortly after the publication of the amendments by the IASB).
Summary of responses to the EC consultation on the revision of the NFRD
29 Jul 2020
In February 2020, the European Commission (EC) launched a public consultation on a revision of the EU Non-Financial Reporting Directive (NFRD). A summary of responses is now available on the EC website. However, the summary ignores the many calls the consultation elicited for global standard-setting as opposed to regional standard-setting in non-financial reporting.
EFRAG publishes discussion paper on crypto-assets (liabilities)
20 Jul 2020
The European Financial Reporting Advisory Group (EFRAG) has published a discussion paper (DP) 'Accounting for Crypto-Assets (Liabilities): Holder and Issuer Perspective'. The DP provides possible approaches to address the gaps in crypto-assets (liabilities) requirements.
European Lab seeks members for its task force on possible EU non-financial reporting standards
18 Jul 2020
The European Financial Reporting Advisory Group (EFRAG) has published a call for candidates for members of a new project task force on preparatory work for the elaboration of possible EU non-financial reporting standards.
ESMA, EBA reiterate that IFRSs do not hamper sustainable investment behaviour
17 Jul 2020
In April 2020, the European Commission (EC) published a consultation on a renewed sustainable finance strategy and in that context tried to reopen the debate on whether IFRS rules hinder sustainable investment behaviour despite contrary findings from the Fitness Check on the EU framework for public reporting by companies in 2018, corresponding analyses by the European Securities and Markets Authority (ESMA) and the European Financial Reporting Advisory Group (EFRAG) following the Fitness Check, and the European Banking Authority (EBA) report on undue short-term pressure from the financial sector on corporations.

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