Following the issuance of the European Commission’s Recommendation on the Voluntary Sustainability Reporting Standard for SMEs (VSME) on 30 July 2025, EFRAG is pleased to launch a market acceptance progress survey. Objectives of the survey The survey aims to assess the current level of awareness and use of the VSME standard. It also seeks to …
EFRAG has released the summary report of the symposium ‘Sustainability Reporting Standards for SMEs—What are the issues?’ co-hosted with the Organismo Italiano di Contabilità (OIC). The event took place on 29 May 2025 at the 47th Annual Congress of the European Accounting Association (EAA). Chiara Del Prete, EFRAG SR TEG Chair, opened the event with …
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EFRAG has published its final endorsement advice on IFRS 19 Subsidiaries without Public Accountability: Disclosures, concluding that the standard meets all technical endorsement criteria and is conducive to the European public good. EFRAG, therefore, recommends its endorsement in the EU. In reaching this conclusion, EFRAG also assessed how IFRS 19’s reduced disclosure requirements interact with …
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EFRAG has issued its draft endorsement advice letter and a separate invitation to comment on the proposed EU adoption of Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures, issued by the IASB on 21 August 2025. IFRS 19 aims to simplify financial reporting for eligible subsidiaries by allowing them to prepare financial statements under …