16. December 2024
On 13 December 2024, the European Securities and Markets Authority (ESMA) launched a consultation on amending the Regulatory Technical Standards (RTS) of the ESEF Regulation (Delegated Regulation (EU) 2019/815) and the EEAP Regulation (Delegated Regulation (EU) 2016/1437). Comments can be submitted until 31 March 2025. Read more
16. December 2024
On 16 December 2024, the 20th ASCG’s preparer forum on electronic financial reporting according to ESEF was held as a video and telephone conference. Read more
13. December 2024
The German Accounting Standards Committee e.V. (ASCG), together with the IASB, the EFRAG and the national standard-setters from Austria (AFRAC) and Switzerland (FER) invites to a joint outreach event. The subject of the event is the IASB’s Exposure Draft ED/2024/8 Provisions - targeted improvements (proposed amendments to IAS 37). Read more
10. December 2024
On 9 December 2024, the Accounting Standards Committee of Germany (ASCG) exclusively presented the results of the survey of German companies of the study launched by the ASCG in 2023 to evaluate the application of IFRS in Germany. The event was co-hosted by the Association of German Banks (Bundesverband deutscher Banken, BdB) and the Federation of German Industries (Bundesverband der deutschen Industrie, BDI). Read more
9. December 2024
On 6 December 2024 EFRAG announced the release of 64 new Explanations added to its Compilation of Technical Explanations. Included in the Compilation (ID 177) 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 133 questions already answered through Implementation Guidance and published explanations. Read more
2. December 2024
On 29 November 2024, the ASCG’s preparer forum on the implementation of IFRS 18 met for the first time. Read more
2. December 2024
On 29 November 2024, the European Commission published draft FAQs to clarify issues relating to the Taxonomy Regulation (Regulation (EU) 2020/852) and the associated delegated acts. The draft is initially only available in English and is expected to be published in the Official Journal of the EU in all official EU languages in 2025, although its content may still be amended by then. Read more
26. November 2024
On November 22nd 2024, EFRAG published its Discussion Paper ‘The Statement of Cash Flows - Objectives, Usages and Issues’. The objective of the discussion paper is to identify and address the perceived issues with the statement of cash flows prepared in accordance with IAS 7, thereby contributing to the IASB research project ‘Statement of Cash Flows and Related Matters’. Read more