IFRS EU Endorsement Process [November 2021]

Accounting

IFRS EU Endorsement Process [November 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 23 November 2021.

As of 24 November 2021, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:

Amendments

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 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction (issued in May 2021)

Click here for the Endorsement Status Report

IFRS EU Endorsement Process [January 2022]

Accounting

Model Financial Statements under IFRS as adopted by the EU for the year ended 31 December 2021 in Czech and English

The version of the model consolidated financial statements under IFRSs as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech and English.

Accounting

Closing out 2021 in IFRS financial statements

This article provides a high-level overview of the new and revised Standards and Interpretations that are effective for the December 2021 calendar year-end and subsequent accounting periods.