Events listed in [EFRAG] European Financial Reporting Advisory Group

New joint webinar „Supporting high-quality ESRS implementation“ ...

ID 26120
Accountancy Europe and EFRAG will jointly host a 2-hour webinar titled „Supporting high-quality ESRS implementation“ on 12 December from 10:00 to 12:00 CET. As a reminder, commencing on 1 January 2024, the CSRD and the ESRS will become effective, impacting the reporting practices of relevant companies. The ESRS delineate reporting requirements under the CSRD, introducing novel concepts and obligations that will pose challenges for ...

Launch of the EFRAG ESRS Q&A Platform to support the implementation of ESRS

ID 25480
EFRAG launched its ESRS Q&A Platform to facilitate the implementation of ESRS. This platform aims to collect and answer technical implementation questions from preparers and other stakeholders. This initiative supports the European Commission’s request to prioritize capacity building for ESRS implementation, particularly the sector-agnostic standards adopted on 31 July 2023. Indeed, the **ESRS Q&A Platform is designed to address and resolve technical questions ...

EFRAG announces its annual Conference 2023 „European corporate reporting ...

ID 25129
The 2023 EFRAG Conference, titled „European corporate reporting: two pillars for success“, is scheduled for 28 November 2023, in Brussels. This conference is a collaborative effort between EFRAG, the European Commission, and will feature the European Commissioner for Financial Stability, Financial Services, and the Capital Markets Union, Mairead McGuinness. The event will run from 9:00 to 17:15 CET. The primary focus of the conference ...

Commissioner McGuinness addresses the EFRAG SRB in a special public meeting.

ID 24113
The EFRAG has published a press release on the extraordinary meeting of the EFRAG SRB on 6 July, which was attended by Commissioner Mairead McGuinness. The Commissioner appreciated EFRAG’s work and emphasised the importance of a holistic approach for the economy’s development. The adoption of the first set of standards for the ESRS is in its final stages and expected by the end of ...

EFRAG welcomes next step towards the first set of ESRS

ID 23672
In the context of the launch of the EU Commission’s consultation on the draft Delegated Regulation adopting a first set of ESRS, the EFRAG Sustainability Reporting Board held a meeting „dedicated to a presentation from the EC about the draft ESRS delegated act“. According to EFRAG, the feedback phase is „crucial to the timely implementation of the much needed sustainability reporting regime established by ...

European Commission calls on EFRAG to prioritise implementation support for the ...

ID 22543
The European Financial Reporting Advisory Group (EFRAG) has been told by EU Commissioner McGuinness to focus on capacity building for the implementation of the first set of European Single Reporting Standards (ESRS) rather than on preparatory work for draft sector-specific standards. EFRAG is adjusting its work plan to reflect this new priority while still continuing work on sector-specific standards and standards for small and ...

EFRAG’s Final Comment Letter on the IASB’s ED International Tax Reform – Pillar Two ...

ID 22260
The European Financial Reporting Advisory Group (EFRAG) has published its response letter to the International Accounting Standards Board (IASB) regarding the Exposure Draft ED/2023/1 International Tax Reforms – Pillar Two Model Rules. EFRAG supports the IASB’s proposal to provide a mandatory temporary exception for the requirements in IAS 12 Income Taxes, under which entities should neither recognise nor disclose information about deferred tax assets ...

EFRAG issues the set of Basis for conclusions for its first set of draft ESRS

ID 22233
The European Financial Reporting Advisory Group (EFRAG) has released a set of Basis for Conclusions (BfC) to supplement its first set of draft European Single Reporting Standards (ESRS), which were submitted to the European Commission in November 2022. The BfC explains the objective and context of the draft standards, the process followed in their preparation, and the reasons for including a disclosure requirement. It ...

EFRAG releases a series of educational videos on the first set of draft ESRS

ID 22121
The European Financial Reporting Advisory Group (EFRAG) has released a series of „educational videos to provide interested stakeholders with a better understanding of“ the first set of draft standards (draft ESRS), that were submitted to the European Commission (EC) in November 2022. In total, 20 videos are available on EFRAGs dedicated website, which are „presented by the EFRAG sustainability reporting Technical Expert Group (TEG) ...

EFRAG releases its summary report on the conference „Where is Corporate ...

ID 21890
The European Financial Reporting Advisory Group (EFRAG) has released a summary report on the conference titled „Where is Corporate Reporting heading?“ that was held on December 7, 2022 in Brussels. The event focused on discussing „new trends in Environmental, Social, and Governance (ESG) reporting and the growing importance of the connectivity between sustainability and financial reporting“. The report summarises the key points presented by ...
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