EFRAG


There is lots of news relating to EFRAG this month; it has now published its advice to the European Commission on accounting for equity instruments from a long-term perspective; it has published a Discussion Paper (DP) on accounting for “non-exchange transactions”, which are transactions in which one party gives (or receives) value without receiving (or giving) equivalent value in exchange which could be motivated by a notion of “societal benefit” (for example, certain levies or grants), and it has announced the members of a new European Corporate Reporting Lab and a conference about the Lab which will be held in early March 2019. For further details about the conference, please refer to the link below.[1] The latest developments will all be covered in future newsletters.