World Accounting Report

In early February, I was lucky to have the chance to spend an hour with EFRAG CEO and chairman of its Technical Expert Group (TEG), Andrew Watchman, before his term of office finishes this month. The EFRAG Board was set up in 2014 as a result of a..

EFRAG has now published its final comment letter1 on the IASB’s discussion paper, Financial Instruments with Characteristics of Equity. The conclusions of its three-page letter supported by an annex of 40 pages are perhaps not that surprising..

As reported last month, the IASB has a new project on its agenda that is about the accounting consequences of the interest-rate benchmark reforms that regulators around the world are currently working on with a view to replacing well-established..

As previously reported, the IASB is making good progress in working through the list of topics that its constituents have identified as issues with IFRS 17. The Board is deciding in each case whether to amend the standard in order to reduce the..

In June 2016, the FASB finalised Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses, that introduced the new current expected credit loss (CECL) model, the FASB equivalent..

Andrew, I’m very pleased to have the opportunity to talk to you about your experience as chief executive of EFRAG. Could you start by explaining what made you decide to leave your previous position as global head of IFRS at Grant Thornton to..