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Accounting harmonisation

In the area of accounting, BusinessEurope seeks to ensure a set of international financial reporting standards (IFRS), which meet the needs of European stakeholders, in particular by supporting the work and structure of EFRAG, of which BusinessEurope is one of the founders, and improving the governance of the International Accounting Standards Board (IASB).

In addition, it promotes the USA converging their accounting standards with IFRS with a view to reaching mutual recognition.

Publications

Public letters Date
ED/2024/3 Contracts for renewable electricity - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 05/08/2024
ED 2024 1 Business combinations: disclosures, goodwill and impairment - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 15/07/2024
Application of the "own use" exception on power purchase contracts - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 02/10/2023
ED/2023/2 - Amendments to the Classification and Measurement of Financial Instruments - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 18/07/2023
Application of the "own use" exception in the light of current market and geopolitical questions - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 10/07/2023
IASB Exposure Draft international tax reform - Pillar Two model rules supplier finance arrangements - Proposed amendments to IAS 12 - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 27/02/2023
EFRAG’s consultation paper “Due process procedures for EU sustainability reporting standard-setting” - Letter from Erik Berggren to Jean-Paul Gauzès, EFRAG 02/09/2021
IFRS Foundation Exposure Draft: Proposed targeted amendments to the IFRS Foundation Constitution to accommodate an international sustainability standards board to set IFRS sustainability standards - Letter from Erik Berggren to the IFRS Foundation 19/08/2021
Post-implementation review IFRS 10, IFRS 11 and IFRS 12 - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 07/05/2021
ED/2020/4 Lease Liability in a Sale and Leaseback - Proposed amendment to IFRS 16 - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 25/03/2021
ED/2021/2 Covid-19-related Rent Concessions beyond 30 June 2021 - Proposed amendment to IFRS 16 - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 25/02/2021
Exposure Draft ED/2019/6 - Disclosure of Accounting Policies - Proposed amendments to lAS I and IFRS Practice Statement 2 - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 29/11/2019
Exposure draft ED/2019/5 Deferred tax related to assets and liabilities arising from a single transaction - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 12/11/2019
EFRAG Discussion paper - Accounting for pensions plans with an asset-return promise - Letter from Erik Berggren to EFRAG 12/11/2019
Exposure draft ED/2019/3 Reference to the conceptual framework - Proposed amendments to IFRS 3 - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 01/10/2019
ED/2019/2 Annual improvements project (cycle 2018-2020) - Letter from Pedro Oliveira to the International Accounting Standards Board (IASB) 20/08/2019
Exposure draft: proposed amendments to the IFRS Foundation due process handbook - Letter from Erik Berggren to the IFRS Foundation 29/07/2019
IFRIC tentative agenda decision "Lease term and useful life of leasehold improvements" (June 2019) - Letter from Erik Berggren to the IFRS Interpretations Committee 26/07/2019
Discussion paper: non-exchange transfers - A role for societal benefits? - Letter from Erik Berggren to EFRAG 10/05/2019
Exposure draft ED/2018/2: Onerous contracts - Cost of fulfilling a contract - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 12/04/2019
Financial instruments with characteristics of equity (DP/2018/1) - Letter from Pedro Oliveira to the International Accounting Standards Board (IASB) 04/01/2019
ED/2018/1: Accounting policy changes - Proposed amendments to IAS 8 - Letter from Pedro Oliveira to the International Accounting Standards Board (IASB) 25/07/2018
The fitness check on the EU framework for public reporting by companies - Letter from Markus J. Beyrer to Valdis Dombrovskis 10/07/2018
EFRAG research agenda consultation - Letter from Pedro Oliveira to EFRAG 01/06/2018
EFRAG discussion paper "Equity instruments - Impairment and recycling" - Letter from Pedro Oliveira to EFRAG 01/06/2018
ESMA's draft technical standard on the European Single Electronic Format (ESEF) - Joint letter from BusinessEurope and EuropeanIssuers to MEP Pavel Svoboda 07/03/2018
EFRAG's Draft endorsement advice to long-term interests in associates and joint ventures - Amendments to IAS28 - Letter from Pedro Oliveira to the International Accounting Standards Board (IASB) 02/03/2018
IAS28 - Letter from Pedro Oliveira to EFRAG 15/02/2018
Exposure draft: Definition of material - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 26/01/2018
Exposure draft ED/2017/5 Accounting policies and accounting estimates - Proposed amendments to IAS 8 - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 15/01/2018
Goodwill impairment test: can it be improved? - Letter from Erik Berggren to EFRAG 12/01/2018
Exposure draft ED/2017/4: property, plant and equipment - proceeds before use - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 19/10/2017
Discussion paper on principles of disclosure - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 29/09/2017
Post-implementation review - IFRS 13 Fair value measurement - Letter from Erik Berggren to the International Accounting Standards Board (IASB) 20/09/2017
Exposure Draft ED/2017/2 Improvements to IFRS 8 Operating segments - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 25/07/2017
Exposure draft ED/2017/1 Annual improvements to IFRS standards 2015-2017 cycle - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 07/04/2017
Financial Reporting Council discussion paper: Improving the statement of cash flows - Letter from Jérôme P. Chauvin to A. Lennard, FRC 30/03/2017
Feedback statement on the consultation paper on the regulatory technical standard on the European single electronic format (ESEF) - Letter from Jérôme P. Chauvin to Steven Maijoor, Chairman of ESMA 09/03/2017
Disclosure overload - Letter from Jérôme P. Chauvin to Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB) 09/03/2017
Position papers Date
Corporate reporting: improving its quality and enforcement - a BusinessEurope position paper 14/02/2022
Sustainability reporting - BusinessEurope reply to the IFRS Foundation Trustees consultation paper 20/01/2021
Legal affairs strategy for the next political cycle 01/10/2019
The fitness check on the EU framework for public reporting by companies - BusinessEurope position paper on the Commission consultation 10/07/2018
Last updated: 6 April 2020