EFRAG, EFFAS, AIAF, and IASB issue summary of outreach event on profit or loss and OCI
21 Dec 2015
The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS), the Associazione Italiana degli Analisti e Consulenti Finanziari (AIAF), and the International Accounting Standards Board (IASB) have issued a summary report related to their joint outreach event held on 22 October 2015 related to Exposure Draft ED/2015/3 ‘Conceptual Framework for Financial Reporting’.
Specifically, members of the panel and participants of the outreach event discussed how profit or loss (P&L) could become more useful and what the role of other comprehensive income (OCI) may be. The press release on the EFRAG website offers a summary of the main observations and access to the full report.
