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• EFRAG consults on IFRS 19

• 05 Dec 2024

• ​EFRAG has launched two online surveys to seek preparers' (subsidiaries and parent entities) and users' views on the voluntary application of IFRS 19 'Subsidiaries without Public Accountability: Disclosures'.

• Joint EFRAG and IASB educational session on IFRS 19

• 19 Nov 2024

• On 2 December 2024, EFRAG and the IASB invite stakeholders to an online joint educational session 'Navigating IFRS 19 in the EU landscape: Reduced disclosures standard for eligible subsidiaries'.

• Recent sustainability reporting developments

• 13 Sep 2024

• A summary of recent events at PAFA, BSE, GRI/IFVI, the EC and the Australian Government.

• Online workshop on the post-implementation review of IFRS 9

• 11 May 2023

• On 30 June 2023, the International Accounting Standards Board (IASB), the European Acounting Association (EAA), and the European Financial Reporting Advisory Group (EFRAG) will offer a joint virtual research workshop.

• EFRAG draft comment letter on the IASB’s proposed amendments to classification and measurement of financial instruments

• 05 May 2023

• The EFRAG has issued a draft comment letter on the IASB’s proposed amendments to the classification and measurement of financial instruments. Overall, the EFRAG welcomes the IASB’s proposed amendments, particularly the clarifications to the general solely payments of principal and interest (SPPI) requirements, which the EFRAG says would provide a good basis for evaluating whether contractual cash flows of financial assets with ESG-linked or similar features meet SPPI requirements.

• EFRAG discussion paper on intangibles – recommendations and feedback statement

• 27 Apr 2023

• In August 2021, the European Financial Reporting Advisory Group (EFRAG) published a discussion paper 'Better information on intangibles – which is the best way to go?'. EFRAG has now concluded the project by publishing a document with recommendations and a feedback statement.

• The production and consumption of information on intangibles

• 26 Apr 2023

• The Institute of Chartered Accountants of Scotland (ICAS), the European Financial Reporting Advisory Group (EFRAG), and the European Federation of Financial Analysts Societies (EFFAS) have jointly sponsored research into the production and consumption of information on intangibles.

• EC tells EFRAG to concentrate on the implementation of Set 1 of the ESRS

• 22 Mar 2023

• On 22 November 2022, the European Financial Reporting Advisory Group (EFRAG) submitted its first set of draft European Sustainability Reporting Standards (ESRS) to the European Commission (EC) and began working on Set 2 of the ESRS, which would contain sector-specific standards. EFRAG has now been told to concentrate on providing additional guidance on how to apply the proposed standards in Set 1.

• Bases for conclusions on draft ESRS available

• 13 Mar 2023

• On 22 November 2022, the European Financial Reporting Advisory Group (EFRAG) submitted its draft European Sustainability Reporting Standards (ESRS) to the European Commission. The bases for conclusions to go with each proposed ESRS have now become available as well.

• EFRAG series of videos on the first set of draft ESRS

• 06 Mar 2023

• On 22 November 2022, the European Financial Reporting Advisory Group (EFRAG) submitted its first set of draft European Sustainability Reporting Standards (ESRS) to the European Commission.

• Deloitte Partner appointed Acting EFRAG FR TEG Chair

• 24 Feb 2023

• The European Financial Reporting Advisory Group (EFRAG) has announced the new composition of its Financial Reporting Technical Expert Group (EFRAG FR TEG).

• EFRAG conference "Where is Corporate Reporting heading?" — Report and recordings

• 16 Feb 2023

• On 7 December 2022, the European Financial Reporting Advisory Group (EFRAG) hosted a conference to debate the new trends in corporate reporting following the Environmental, Social and Governance (ESG) revolution and the connectivity with financial reporting.

• EFRAG draft comment letter on IAS 12 and pillar two income taxes

• 30 Jan 2023

• The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the exposure draft 'International Tax Reform — Pillar Two Model Rules (Proposed amendments to IAS 12)' the IASB published to respond to stakeholders’ concerns about the potential implications of the imminent implementation of the OECD pillar two model rules on the accounting for income taxes.

• Two academic studies sponsored by EFRAG and ICAS

• 27 Jan 2023

• The European Financial Reporting Advisory Group (EFRAG) and the Institute of Chartered Accountants of Scotland (ICAS) have jointly sponsored two academic studies, one on intangibles and one on discounting.

• IASB Chair discusses collaboration with EFRAG

• 07 Dec 2022

• At the EFRAG anniversary conference entitled ‘Where is corporate reporting going?’, IASB Chair Andreas Barckow noted the special relationship the IASB had with the European Financial Reporting Advisory Group (EFRAG) over the years.

• EFRAG submits draft ESRS to EC

• 23 Nov 2022

• The European Financial Reporting Advisory Group (EFRAG) has submitted its draft European Sustainability Reporting Standards (ESRS) to the European Commission (EC).

• Recording of EAA-EFRAG-IASB workshop on digital reporting

• 23 Nov 2022

• The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) and European Financial Reporting Advisory Group (EFRAG) held a virtual workshop on 18 November 2022 on issues relating to digital financial reporting and digitalisation of financial reports.

• Chairs of EFRAG FRB and EFRAG SRB announced

• 16 Nov 2022

• The European Financial Reporting Advisory Group (EFRAG) has completed the move to its new structure by announcing the Chairs of the two new reporting Boards working side-by-side under the new Administrative Board.

• EFRAG conference "Where is Corporate Reporting heading?"

• 06 Oct 2022

• On 7 December 2022, the European Financial Reporting Advisory Group (EFRAG) will be hosting a conference to debate the new trends in corporate reporting following the Environmental, Social and Governance (ESG) revolution and the connectivity with financial reporting.

• Standard setters discuss jurisdictional perspectives on sustainability reporting

• 28 Sep 2022

• The International Forum of Accounting Standard Setters (IFASS) is currently holding its fall meeting in London. The whole morning today was devoted to the discussion of sustainability reporting.

• EFRAG discussion paper on variable consideration

• 27 Sep 2022

• The European Financial Reporting Advisory Group (EFRAG) has published a discussion paper entitled 'Accounting for Variable Consideration - from a Purchaser's Perspective'.

• Companies, investors and professional accountants call for global alignment in sustainability reporting

• 31 Aug 2022

• The International Federation of Accountants (IFAC) has published on its website a joint statement by 65 organisations calling for stronger alignment of regulatory and standard-setting efforts around sustainability disclosure.

• Deloitte comment letter on the draft ESRS

• 10 Aug 2022

• We have commented on the draft European Sustainability Reporting Standards (ESRS) developed by the European Financial Reporting Advisory Group (EFRAG) and released for comment in April 2022.

• ESMA comments on the draft ESRS

• 08 Aug 2022

• The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has commented on the draft European Sustainability Reporting Standards (ESRS) developed by the European Financial Reporting Advisory Group (EFRAG).

• ESRS outreach event focused on trade unions and NGOs

• 05 Jul 2022

• On 13 July 2022, the European Financial Reporting Advisory Group (EFRAG) will host a joint outreach event in Brussels to discuss the draft European Sustainability Reporting Standards (ESRS) published in April. The event will have a special focus on trade unions and non-governmental organisations (NGOs).