EFRAG report on application issues of IFRS 10, IFRS 11, IFRS 12

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

02 Jun 2021

As part of its response to the IASB's request for information on the post-implementation review of IFRS 10 'Consolidated Financial Statements', IFRS 11 'Joint Arrangements', and IFRS 12 'Disclosure of Interests in Other Entities', the European Financial Reporting Advisory Group, (EFRAG) has prepared a report on the issues heard from European constituents on the implementation or application issues of IFRS 10, IFRS 11, IFRS 12, and related IFRS Standards.

The constituents identified 48 issues of different size and prevalence. Regarding 30 of the issues, the constituents believe a change in the current requirements would be helpful.

The report is attached to EFRAG's final comment letter. Appendix 1 contains a list of all identified issues, Appendix 2 a detailed description of the each of the issues. The report has been prepared for the consideration of the IASB in the further phases of their post-implementation review process.

Please click to access the report through the press release on the EFRAG website.

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