A personal blog on my learning from reading, listening and seeing. The name SKALMAN is taken from the Swedish cartoon 'Bamse – The World's Strongest Bear'
How the work on a European sustainability reporting standard is proceeding#
The European Financial Reporting Advisory Group (EFRAG) was established in June 2001 by a broad group of organisations representing the European accounting profession, preparers, users, and national standard-setters with the following original goals:#
to provide technical expertise to the European Commission concerning the use of IAS within Europe #
to participate in IASB's standard setting process #
to coordinate within the EU the development of views concerning international accounting standards.#
The organisation of its Sustainability reporting pillar;#
The EFRAG Sustainability Reporting Board held its first meeting March 31, when two further meetings were scheduled for April 7 and 22.#
EFRAG Sustainability Reporting Technical Expert Group (TEG) is expected to be in place by mid-April#
The Due Process Procedures were approved on 15 March by the EFRAG General Assembly.#
The finalisation of a first set of exposure drafts; #
A Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) has been working in project mode to elaborate exposure drafts. Since January 2022 the PTF has made publicly available preliminary Working Papers that reflect its initial thinking on the content of standards.#
The PTF-ESRS is currently finalising its proposed exposure drafts and organising the proper hand-over to EFRAG’s newly established Sustainability Reporting Board and Sustainability Reporting TEG during the month of April. The PTF -ESRS will hold its last plenary meeting on 25 April.#
The launch of the public consultation on the exposure drafts.#
A public consultation on the first set of exposure drafts will be launched around the end of April. The consultation deadline will be 31 July. #
EFRAG expects to organise May and June outreach events.#
The analysis of the feedback received will be performed in August and submitted to the EFRAG Sustainability Reporting Board and EFRAG Sustainability Reporting TEG in September. EFRAG will in parallel organise a cost benefit analysis of the draft standards with similar deadlines.#
How the work on a European sustainability reporting standard is proceeding#
The European Financial Reporting Advisory Group (EFRAG) was established in June 2001 by a broad group of organisations representing the European accounting profession, preparers, users, and national standard-setters with the following original goals:#
to provide technical expertise to the European Commission concerning the use of IAS within Europe #
to participate in IASB's standard setting process #
to coordinate within the EU the development of views concerning international accounting standards.#
The organisation of its Sustainability reporting pillar;#
The EFRAG Sustainability Reporting Board held its first meeting March 31, when two further meetings were scheduled for April 7 and 22.#
EFRAG Sustainability Reporting Technical Expert Group (TEG) is expected to be in place by mid-April#
The Due Process Procedures were approved on 15 March by the EFRAG General Assembly.#
The finalisation of a first set of exposure drafts; #
A Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) has been working in project mode to elaborate exposure drafts. Since January 2022 the PTF has made publicly available preliminary Working Papers that reflect its initial thinking on the content of standards.#
The PTF-ESRS is currently finalising its proposed exposure drafts and organising the proper hand-over to EFRAG’s newly established Sustainability Reporting Board and Sustainability Reporting TEG during the month of April. The PTF -ESRS will hold its last plenary meeting on 25 April.#
The launch of the public consultation on the exposure drafts.#
A public consultation on the first set of exposure drafts will be launched around the end of April. The consultation deadline will be 31 July. #
EFRAG expects to organise May and June outreach events.#
The analysis of the feedback received will be performed in August and submitted to the EFRAG Sustainability Reporting Board and EFRAG Sustainability Reporting TEG in September. EFRAG will in parallel organise a cost benefit analysis of the draft standards with similar deadlines.#
Last update: Thursday April 21, 2022; 3:41 AM EDT.