09/12/2021 - EFRAG Secretariat Briefing: An EU Perspective on the IASB’s proposed scope for Subsidiaries without Public Accountability
The EFRAG Secretariat has issued a Briefing to stimulate debate within Europe and clarify the IASB's discussions on Subsidiaries without Public Accountability: Disclosures. The views expressed in this Briefing are tentative and reflect the EFRAG Secretariat's understanding of how the IASB's proposals might be applied in the EU. More specifically, the Briefing provides an EU Perspective on the IASB's proposed scope.
On 26 July 2021, the IASB published the Exposure Draft Subsidiaries without Public Accountability: Disclosures (ED) with the objective of developing a reduced-disclosure IFRS Standard that would apply on a voluntary basis to eligible subsidiaries without public accountability.
To help constituents understand the ED and participate in the discussion, the EFRAG Secretariat has considered how the IASB's proposals might be applied in the EU. More specifically, the EFRAG Secretariat provides an EU Perspective on the IASB's proposed scope for subsidiaries without public accountability.
Due to the nature of the Briefing, the EFRAG Secretariat has not included questions to constituents. However, constituents may express their views on the topic when responding to EFRAG's draft comment letter.
The Briefing is available here.
