EFRAG Update with meeting summary for the May EFRAG TEG meeting
19 May 2011
The European Financial Reporting Advisory Group (EFRAG) has released the May 2011 issue of its EFRAG Update newsletter.
On 29 April 2011, EFRAG held a meeting by public conference call to finalise its comment letter on the IASB Exposure Draft: Offsetting Financial Assets and Financial Liabilities.
The EFRAG TEG meeting held on 12 to 13 May 2011 focused on:
- Planning for actions needed to support future assessment of the IASB's 'suite of five standards' on consolidation, joint ventures and disclosures, and the new standard on fair value measurement
- IASB re-deliberations in the project Revenue from Contracts with Customers
- IASB re-deliberations in the project Leases
- IASB Project Financial Instruments
- EFRAG Proactive project Financial Reporting for Corporate Income Tax
- EFRAG Proactive project Business Combinations under Common Control
