The European Financial Reporting Advisory Group has published the May edition of its monthly update, summarizing recent public technical discussions, decisions, consultations, future events and vacancies. The main developments include publication of the Annual Review 2025, the start of EFRAG’s endorsement activities for IFRS 20 Regulatory Assets and Regulatory Liabilities after its issuance by the IASB, and a call for tender for a cost-benefit analysis to support development of Non-EU ESRS. The update also notes ongoing consultations on the IASB’s Risk Mitigation Accounting proposal, following an extension aligned with the IASB’s revised timeline, and on the Connectivity discussion paper. Other highlighted items include SoftwareOne joining as a Friend of EFRAG, the new composition of the EFRAG Sustainability Reporting Technical Expert Group, and consultation on the ISSB Exposure Draft proposing amendments to the SASB Standards.
European Financial Reporting Advisory Group2026-06-19
European Financial Reporting Advisory Group publishes May update highlighting IFRS 20 endorsement work and Non-EU ESRS tender
The European Financial Reporting Advisory Group’s May update highlights the start of endorsement work on IFRS 20 Regulatory Assets and Regulatory Liabilities and a tender for cost-benefit analysis supporting Non-EU ESRS development. It also covers the Annual Review 2025, ongoing accounting and connectivity consultations, and changes to EFRAG’s sustainability expert group.