The webcasts can all be accessed on this page on the IFRS Foundation website. They are:

• Introduction (approx. 2 minutes)
• Fixed-for-fixed condition (approx. 5 minutes)
• Effects of laws or regulations on the contractual terms (approx. 6 minutes)
• Obligations to purchase own equity instruments (approx. 7 minutes)

The technical explanations comprise of 12 items and are grouped in chapters according to their nature (cross-cutting, environment, social and governance). 

The explanations are provided as part of EFRAG's role as technical advisor to the European Commission to provide a practical and timely support for preparers and others in the implementation of ESRSs. They have been added to the ESRS Q&A platform launched in October 2023 that entities can use to submit ESRS implementation questions to EFRAG.

To facilitate accessibility, EFRAG plans to publish at the end of each quarter a collection of all explanations published during the quarter.

For more information, including access to the technical explanations and the Q&A platform, please see the press release on the EFRAG website.  

GRI 14 was developed using a multi-stakeholder approach and addresses 25 topics within the mining sector. Among these topics are local impacts and risks, emissions, waste, human rights, land and resource rights, climate change, biodiversity, anti-corruption and community engagement. 

It also introduces three new sustainability topics to the GRI standards that are specific to the mining sector: tailings management, artisanal and small-scale mining, and operating in conflict zones.

According to the press release, GRI 14 will make it easier for entities to produce robust and comparable information to meet their reporting obligations. It applies to all entities that undertake mining or quarrying, except for coal, oil and gas, to which specific GRI sector standards apply.

For more information, including access to GRI 14, please see the press release on the GRI website.

The new standard responds to investors' demand for better information about companies financial performance and will improve how company information is communicated in the financial statements and thus investors a better basis for analysing a company's performance and making their investment decisions.

Please click to access the webcast on the IFRS Foundation website.

​EFRAG is seeking views on the classification, presentation, disclosures and transition requirements proposed by the IASB in the exposure draft.

The primary purpose of the survey is a qualitative assessment of the impact of the IASB proposals including any potential implementation and application concerns. However, should participants be ready to share any quantitative information, especially in the most material areas, such contributions would also be appreciated.  

Participation in the survey is encouraged by 8 March 2024.

Please click for more information and access to the survey on the EFRAG website.

The 2024 version includes new chapters on data and inputs, documentation, and financial instruments. The general standards section has also been reordered to more accurately reflect the modern valuation process, as well as the many participants involved in the preparation, review and use of valuations. An expanded consideration of ESG factors in valuations, including a dedicated appendix, is also included.

More information is available through the press release on the IVSC website.

To address the gap in the IPSAS literature on accounting for natural resources, the IPSASB issued a consultation paper in May 2022 and the IPSASB continues to develop principles for the recognition and measurement of natural resources, with the targeted publication of an exposure draft in the second half of 2024. However, following feedback received on the consultation paper concerning the lack of guidance on specific activities related to mineral resources, this is being addressed first with the release of two exposure drafts for public comment:

• ED 86 Exploration for and Evaluation of Mineral Resources proposes a standard on accounting for the costs incurred in the exploration and evaluation of mineral resources, based on the selection of an accounting policy specifying which expenditure should be recognised as exploration and evaluation assets. ED 86 is aligned with the private sector requirements in IFRS 6 Exploration for and Evaluation of Mineral Resources with limited changes for the public sector context.
• ED 87 Stripping costs in the Production Phase of a Surface Mine (Amendments to IPSAS 12) proposes adding an authoritative appendix to IPSAS 12 Inventories. The proposed guidance clarifies when to capitalise or expense costs incurred to remove waste material in surface mining operations. ED 87 is aligned with the guidance in IFRIC 20 Stripping costs in the Production Phase of a Surface Mine with limited changes for the public sector context.

Comments on the exposure drafts are requested by 31 May 2024. Please click for additional information and access to the drafts in the press release on the IPSASB website.