17 IASB pronouncements await EU endorsement
01 Dec 2008
The European Financial Reporting Advisory Group (EFRAG) has updated its report showing the status of endorsement, under the EU Accounting Regulation, of each IFRS, including standards, interpretations, and amendments.
Click to download the Endorsement Status Report as of 28 November 2008 (PDF 91k). Currently, there are 17 IASB pronouncements are awaiting European Commission endorsement for use in Europe (including 3 awaiting EFRAG advice and 8 awaiting an ARC recommendation), as follows:
Standards
- IFRS 1 First-time Adoption of IFRS – Restructured standard (2008)
- IFRS 3 Business Combinations (2008)
Interpretations
- IFRIC 12 Service Concession Arrangements
- IFRIC 13 Customer Loyalty Programmes
- IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements, and their Interaction
- IFRIC 15 Agreements for the Construction of Real Estate
- IFRIC 16 Hedges of a Net Investment in a Foreign Operation
- IFRIC 17 Distributions of Non-cash Assets to Owners
Amendments
- IFRS 1 and IAS 27 Cost of an Investment in a Subsidiary, Jointly-Controlled Entity, or Associate
- IFRS 2 Share-based Payment: Vesting Conditions and Cancellations
- IAS 1 Presentation of Financial Statements (revised September 2007)
- IAS 23 Borrowing Costs (revised March 2007)
- IAS 27 Consolidated and Separate Financial Statements (2008)
- IAS 32 and IAS 1 Amendments for Puttable Instruments and Obligations Arising on Liquidation
- IAS 39 Amendments for Eligible Hedged Items
- IAS 39 Amendments for Reclassification of Financial Assets
- Improvements to IFRSs – 2007 (affects various standards)