EFRAG Update detailing its February developments
10 Mar 2014
The European Financial Reporting Advisory Group (EFRAG) has released a new issue of its EFRAG Update newsletter, summarising the discussions held on the EFRAG TEG conference calls of 7 and 18 February 2014, the EFRAG CFSS meeting on 26–27 February 2014, and at the EFRAG TEG meeting of 26–28 February 2014.
Highlights were the publication of:
- Final comment letters on IASB EDs Equity Method in Separate Financial Statements and IFRS for SMEs
- EFRAG TEG approval of a comment letter on IASB ED Annual Improvements to IFRSs 2012–2014 Cycle and feedback statement on the IASB DP A Review of the Conceptual Framework for Financial Reporting
- Feedback statement on the IASB ED Equity Method in Separate Financial Statements
- Letter to the IASB on the EFRAG Project Accounting for Interests in Joint Operations structured through a separate vehicle in separate financial statements
Additional topics discussed in the newsletter are:
- Long-term investment business models
- IASB projects:
- IASB discussion paper on conceptual framework
- EFRAG project, Accounting for Interests in Joint Operations structured through a separate vehicle in separate financial statements
- Conceptual framework bulletins
- Joint papers on goodwill and separate financial statements
- IFRS Interpretation Committee issues
Click for the EFRAG Update (link to EFRAG website).