Accounting 

IFRS EU Endorsement Process [March 2021]

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 15 March 2021.

As of 23 March 2021, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:

Standards

  • IFRS 17 Insurance contracts (issued in May 2017); including Amendments to IFRS 17 (issued in June 2020)

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 and Classification of Liabilities as Current or Non-current — Deferral of Effective Date (issued in January 2020 and July 2020 respectively)
  • Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting policies (issued in February 2021)
  • Amendments to IAS 8 Definition of Accounting Estimates (issued in February 2021)
  • 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

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