Accounting
IFRS EU Endorsement Process
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 8 February 2018.
As of 20 February 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 2 Classification and Measurement of Share-based Payment Transactions (issued in June 2016)
- Amendments to IFRS 9 Prepayment Features with Negative Compensation (issued in October 2017)
- 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 19 Plan Amendment, Cur¬tail¬ment or Set¬tle¬ment (issued in February 2018)
- Amendments to IAS 28 Long-term Interests in Associates and Joint Ventures (issued in October 2017)
- Amendments to IAS 40 Transfers of Investment Property (issued in December 2016)
- Annual Improvements to IFRS Standards 2014–2016 Cycle (issued in December 2016)
- Annual Improvements to IFRS Standards 2015–2017 Cycle (issued in December 2017)
Interpretation
- IFRIC 22 Foreign Currency Transactions and Advance Consideration (issued in December 2016)
- IFRIC 23 Uncertainty over Income Tax Treatments (issued in June 2017)
Click here for the Endorsement Status Report
