The European Financial Reporting Advisory Group published its July podcast and written update on sustainability and financial reporting developments. Key items include its consultation on the ESRS-40a Exposure Draft for certain non-EU undertakings, open until Oct. 31, 2026, and its 2026 State of Play Report examining more than 900 assured sustainability statements and emerging European Sustainability Reporting Standards practices across Europe. The update also covers endorsement advice on amendments to International Accounting Standard 28 submitted to the European Commission and an extended deadline for a user survey on the International Accounting Standards Board’s risk mitigation accounting proposals. It further reviews the European Commission’s publication of delegated acts on the revised European Sustainability Reporting Standards and the Voluntary Sustainability Reporting Standard.
European Financial Reporting Advisory Group2026-08-04
European Financial Reporting Advisory Group publishes July update covering ESRS consultation and analysis of more than 900 statements
The European Financial Reporting Advisory Group’s July update covers its ESRS-40a consultation for certain non-EU undertakings, open until Oct. 31, 2026, and a report analyzing more than 900 assured sustainability statements. It also reviews financial reporting endorsement work, the IASB risk mitigation accounting survey and European Commission delegated acts on sustainability reporting standards.