Author: EFRAG

EFRAG has issued its Draft Comment Letter on the IASB ED Provisions—Targeted Improvements (Proposed amendments to IAS 37). EFRAG has published its Draft Comment Letter (‘DCL’) on the IASB’s Exposure Draft IASB/ED/2024/8 Provisions—Targeted Improvements (Proposed amendments to IAS 37) (the ‘ED’). Comments on EFRAG’s DCL are requested by 25 February 2025 (EFRAG has requested the …

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EFRAG releases today Explanations for five environmental questions bringing the overall number of questions answered to 162. The December 2024 batch contains Explanations, some of which are expected to be particularly relevant to certain sectors (they can be found here: Compilation of Explanations – December 2024. The Explanations will later be added to the next …

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EFRAG published its Draft Endorsement Advice on Contracts Referencing Nature-dependent Electricity. Submit your comment by 13 January 2025. EFRAG has published its Draft Endorsement Advice (DEA) on Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7 (‘the Amendments’) and invites stakeholders to submit comments by 13 January 2025. EFRAG is consulting on its assessment of the …

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​EFRAG is happy to present three educational videos dedicated to the VSME, which was delivered to the European Commission on 17 December 2024. ​The three videos cover: The highlights and introduction to the VSME: this introductory video provides a glimpse into the objectives, due process, the outcomes of the public consultation, the final VSME structure …

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EFRAG is pleased to announce the delivery of its technical advice on the VSME, the voluntary reporting standard for non-listed micro-, small-, medium sized undertakings. At the request of the European Commission (EC), expressly confirmed on December 12, 2024, EFRAG is pleased to announce today the delivery of its technical advice on the VSME, the …

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EFRAG announces today the release of 64 new Explanations added to its Compilation of Technical Explanations. Included in the Compilation is the mapping of sustainability matters in paragraph AR 16 of ESRS 1 with the Disclosure Requirements in topical standards. The total of explanations available is 157 and Appendix III to the Compilation also identifies …

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​Input from European users and preparers is key to ensure that reduced disclosures under IFRS 19 are fit for the European context. ​EFRAG is launching 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 which allows eligible subsidiaries to prepare reduced disclosures …

Read more “Reduced disclosures for subsidiaries reporting under IFRS 19 l EFRAG launches surveys to preparers and users l Deadline 28 February 2025”

EFRAG has published its Final Comment Letter on the IASB’s Exposure Draft IASB/ED/2024/6 Climate-related and Other Uncertainties in the Financial Statements – Proposed illustrative examples (the ‘ED’). EFRAG’s support for the IASB’s proposed illustrative examples In its Final Comment Letter, EFRAG considers the ED’s proposed examples will complement existing IASB educational material in helping to …

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At COP29, EFRAG and CDP, the global independent disclosure system for companies to measure and manage their environmental impacts, announced today extensive commonality and interoperability between CDP and the European Sustainability Reporting Standards (ESRS). This marks a significant step towards both organizations’ shared goals of creating efficiency in the environmental data ecosystem. The announcement comes …

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​EFRAG publishes its Feedback Statement on the IASB’s ED/2024/1 Business Combinations—Disclosures, Goodwill and Impairment (Proposed amendments to IFRS 3 and IAS 36) (‘the ED’). The Feedback Statement summarises constituents’ feedback to EFRAG with respect to the IASB’s Exposure Draft and explains how this feedback was considered in developing EFRAG’s Final Comment Letter. Read more about …

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