18/11/2024 - SAVE THE DATE: 2 December 2024 Joint EFRAG & IASB educational session: Navigating IFRS 19 in the EU landscape: Reduced disclosures standard for eligible subsidiaries
EFRAG and the IASB invite stakeholders to an online joint educational session "Navigating IFRS 19 in the EU landscape: Reduced disclosures standard for eligible subsidiaries" on 2 December 2024, 15:00-17:30 CET.
Register now to learn about the reduced disclosures when applying IFRS 19 Subsidiaries without Public Accountability: Disclosures in the EU, and engage directly with EFRAG, IASB, and expert panellists during Q&A sessions on its practical application.
On 2 December 2024, EFRAG jointly with the IASB is organising an online educational session "Navigating IFRS 19 in the EU landscape: Reduced disclosures standard for eligible subsidiaries" for stakeholders interested in learning how the reduced disclosure standard will be applied in Europe and what reductions are possible. The session will provide practical takeaways, and will help you understand whether and how your entity may apply the new requirements.
Key details:
Date: 2 December 2024
15:00-17:30 CET
Location: online
Introduction to IFRS 19: Learn about the main requirements and benefits of applying IFRS 19.
Endorsement process: Learn about European endorsement process and timeline and consequences for your jurisdiction.
Practical Application: Panellists will share practical insights on how the reduced disclosures Standard would be applied by eligible subsidiaries in Europe, if endorsed.
Interactive Q&A: Participants can engage directly with EFRAG, IASB and panellists and ask questions about the practical application of IFRS 19 in Europe.
Register here. The session is open to the public and a recording will be available on the EFRAG website after the event. A detailed programme will be issued in the coming days.
About IFRS 19:
On 9 May 2024 the International Accounting Standards Board issued IFRS 19 Subsidiaries without Public Accountability: Disclosures, which permits eligible subsidiaries to apply IFRS Accounting Standards with reduced disclosures. IFRS 19 is a voluntary Standard and has an effective date of 1 January 2027, with early application permitted. More information on IFRS 19 can be found here.
For IFRS 19 to be endorsed in Europe, its costs and benefits need to be assessed. Therefore, EFRAG encourages you to provide your input. EFRAG will soon be launching questionnaires to preparers and users of financial statements to assess the costs and benefits associated with implementing IFRS 19.
For questions, please contact EFRAG Financial Reporting Project Director Kathrin Schöne or EFRAG Financial Reporting Advanced Technical Manager Galina Borisova.
