IASB issued new standard IFRS 18
On 9 April 2024, the International Accounting Standards Board (IASB) published its new standard IFRS 18 Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Sta…
IFRS EU Endorsement Process [June 2020]
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 3 June 2020.
As of 24 June 2020, 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 Reference to the Conceptual Framework (issued in May 2020)
- 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 Classification of Liabilities as Current or Non-Current (issued in January 2020)
- Amendments to IAS 16 Proceeds before Intended Use (issued in May 2020)
- Amendments to IAS 37 Onerous Contracts — Cost of Fulfilling a Contract (issued in May 2020)
- Annual Improvements to IFRS Standards 2018–2020
Click here for the Endorsement Status Report
