EFRAG Update with a summary of the October 2012 EFRAG meetings

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10 Oct 2012

The European Financial Reporting Advisory Group (EFRAG) has released the October 2012 issue of its EFRAG Update newsletter.

The newsletter contains a summary from the EFRAG meeting held in October 2012 between the EFRAG Technical Expert Group and Consultative Forum of Standard Setters. The topics discussed were:

  • The FRC note for the IFRIC’s The Sharman Report and disclosure of material uncertainties under IFRS,
  • Update on IAS 28,
  • EFRAG operational and due process improvements,
  • Update on the latest developments on the proposed EU Accounting Directive,
  • IFRIC draft interpretation Put-option written on non-controlling interests,
  • Canadian Institute of Chartered Accountants paper Toward a Measurement Framework for Financial Reporting by Profit-Orientated Entities,
  • Autorité des Normes Comptables paper Proposals for Accounting for GHG Emissions Rights reflecting companies’ business models,
  • IASB Review Draft General Hedge Accounting,
  • IASB Project Leases, and
  • EFRAG’s Proactive Project The Role of the Business Model in Financial Reporting.

Click for the EFRAG Update (link to EFRAG website).

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