Accounting
IFRS EU Endorsement Process: November
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 2 November 2018.
As of 21 November 2018, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:
Standards
- IFRS 14 Regulatory Deferral Accounts (issued in January 2014) – the European Commission has decided not to launch the endorsement process of this interim standard and to wait for the final standard
- IFRS 17 Insurance contracts (issued in May 2017)
Amendments
- Amendments to IFRS 3 Definition of a Business (issued in October 2018)
- Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (issued in September 2014)
- Amendments to IAS 1 and IAS 8 Definition of Material (issued in October 2018)
- Amendments to IAS 19 Plan Amendment, Curtailment or Settlement (issued in February 2018)
- Amendments to IAS 28 Long-term Interests in Associates and Joint Ventures (issued in October 2017)
- Annual Improvements to IFRS Standards 2015–2017 Cycle (issued in December 2017)
- Amendments to References to the Conceptual Framework in IFRS Standards (issued in March 2018)
Click here for the Endorsement Status Report
The article is part of dReport – December 2018, Accounting news.
