The European Financial Reporting Advisory Group (EFRAG) has published its October Update, reviewing financial and sustainability reporting developments. Sustainability highlights include the consultation on its reporting agenda for 2027–2029 and a survey assessing the costs and benefits of ESRS-40a. The report also recaps Kristian Koktvedgaard’s appointment as acting chair of the EFRAG Sustainability Reporting Board and highlights a call for tenders to develop an education and certification platform within its ESRS Knowledge Hub. On financial reporting, the update covers consultation on EFRAG’s draft comment letter responding to proposed targeted amendments to the IFRS Foundation Constitution. It also highlights a 2 December 2026 event for investors and analysts on IFRS 18 and other reporting projects. The event will examine changes to financial statement presentation and disclosure ahead of the standard’s application to annual reporting periods beginning on or after 1 January 2027, including new profit or loss subtotals and performance measures defined by management.
European Financial Reporting Advisory Group reviews sustainability agenda consultation and upcoming IFRS 18 event
The European Financial Reporting Advisory Group’s October Update reviews consultation on its 2027–2029 sustainability reporting agenda, an ESRS-40a cost-benefit survey and Kristian Koktvedgaard’s appointment as acting Sustainability Reporting Board chair. It also covers consultation on proposed IFRS Foundation constitutional amendments and a 2 December 2026 event examining IFRS 18 ahead of its application from 2027.