EFRAG Update detailing March and April developments

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09 Apr 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 11 and 21 March 2014 and at the EFRAG TEG meeting of 2-3 April 2014.

Highlights were the adoption of:

  • a letter sent to the IASB about the IASB Exposure Draft ED/2012/3 Equity Method: Share of Other Net Asset Changes -Proposed amendments to IAS 28,
  • a draft comment letter on the ESMA Consultation Paper Guidelines on Alternative Performance Measures,
  • a draft comment letter on the IASB Exposure Draft ED/2014/1 Disclosure Initiative – Proposed amendments to IAS 1 (draft comment letter not made publicly available yet),
  • endorsement advice on the annual improvements to IFRS (cycles 2010-2012 and 2011-2013),
  • a feedback statement on the IASB Exposure Draft ED/2013/9 Proposed Amendments to the IFRS for SMEs detailing the comments EFRAG received on its draft comment letter.

Additional topics discussed in the newsletter are:

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

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