The European Financial Reporting Advisory Group (EFRAG) released the March edition of its EFRAG Update, summarising the public technical discussions and decisions taken over the past month, alongside open consultations, upcoming events and vacancies. Highlights include a proposal to defer the effective date of IFRS 20 to 1 January 2030 to support implementation readiness, and ongoing consultations on IFRS 20, Risk Mitigation Accounting and Connectivity. The update also covers EFRAG’s call for expressions of interest on voluntary sustainability reporting by non-SME companies outside the scope of the Corporate Sustainability Reporting Directive (CSRD), the launch of an interactive Draft Simplified European Sustainability Reporting Standards (ESRS) on EFRAG’s Knowledge Hub, and a comment letter on the Global Reporting Initiative (GRI) Standards addressing workers’ rights and protections. EFRAG also flagged its 25th anniversary conference on 8 June 2026 in Brussels and indicated a related podcast episode will be released via its Spotify and YouTube channels.
European Financial Reporting Advisory Group 2026-04-22
European Financial Reporting Advisory Group publishes March update highlighting proposal to defer IFRS 20 to 2030 and launches interactive Draft Simplified ESRS
The European Financial Reporting Advisory Group published its March EFRAG Update, outlining recent technical discussions, including a proposal to defer the effective date of International Financial Reporting Standard 20 to 1 January 2030 and ongoing consultations on IFRS 20, Risk Mitigation Accounting and Connectivity. The update also covers work on voluntary sustainability reporting by companies outside the Corporate Sustainability Reporting Directive scope, the launch of Draft Simplified European Sustainability Reporting Standards on its Knowledge Hub, and a comment letter on Global Reporting Initiative Standards on workers’ rights and protections.