EFRAG briefing on proposed new reduced disclosure IFRS https://bit.ly/33cWA7f
The Secretariat of the European Financial Reporting Advisory Group (EFRAG) has published a briefing paper as part of the EFRAG strategy to stimulate debate on the IASB’s proposals that would permit eligible subsidiaries that are small and medium-sized entities (SMEs) to apply IFRSs but with reduced disclosure requirements.
For the briefing paper, 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.
