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Results of EFRAG field tests on IASB’s project on disclosure requirements in IFRSs

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

17 Dec 2021

Over the past few months, EFRAG, in coordination with the IASB, has conducted field tests on the IASB’s Exposure Draft ED/2021/3 ‘Disclosure Requirements in IFRS Standards — A Pilot Approach’.

The objectives of the field testing, which involved a total of 22 preparers, were to:

  • understand the possible impact in practice, including benefits; 
  • identify potential implementation and application concerns; 
  • estimate the cost and effort required to implement and apply the proposals on a recurring basis; and
  • determine whether there is a need for additional guidance.

EFRAG has now published a report outlining the results of this field testing.

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