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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 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/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
EMIR Risk Mitigation margining requirements for non-centrally cleared OTC derivatives: Variation Margin Phase in for NFC+ - Letter from Markus J. Beyrer, BusinessEurope's Director General, to DG Olivier Guersent 07/07/2016
IFRS 16 Leases - Letter from Jérôme P. Chauvin to EFRAG 09/05/2016
Exposure draft ED/2015/8 IFRS practice statement: application of materiality to financial statements - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 26/02/2016
IFRS taxonomy due process - Letter from Jérôme P. Chauvin to the IFRS Foundation 02/02/2016
Foreign currenty transactions and advance consideration - Draft IFRIC interpretation DI/2015/2 - Letter from Jérôme P. Chauvin to the IFRS Foundation 20/01/2016
Uncertainty over income tax treatment - Exposure draft interpretation DI/2015/1 - Letter from Jérôme P. Chauvin to the IFRS Foundation 19/01/2016
Trustees review of structure and effectiveness: issues for the review - Letter from Jérôme P. Chauvin to the IFRS Foundation 10/12/2015
IASB exposure draft ED/2015/6 clarification to IFRS 15 - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 29/10/2015
Proposed amendments to IAS 19 - ED/2015/5 Remeasurement on a plan amendment, curtailment or settlement / Availability of a refund from a defined benefit plan - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 20/10/2015
Revenue from contracts with customers (Topic 606): identifying performance obligations and licensing - Comment letter from Jérôme P. Chauvin to the Financial Accounting Standards Board (FASB) 03/07/2015
Effective date of IFRS 15 (revenue recognition) - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 22/06/2015
Exposure draft ED/2015/1 Classification of liabilities - Proposed amendments to IAS 1 - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 08/06/2015
Forthcoming new IASB standard on leases - Letter from Jérôme P. Chauvin to Roger Marshall, acting President of the European Financial Reporting Advisory Group (EFRAG) 12/05/2015
Proposed amendments to IAS 7 - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 31/03/2015
Exposure draft ED/2014/5 Classification and measurement of share-based payment transactions (proposed amendments to IFRS 2) - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 30/03/2015
Measuring quoted investments in subsidiaries, joint ventures and associates at fair value (ED/2014/4) - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 16/01/2015
Reporting the financial effects of rate regulation - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 15/01/2015
Levies: what would have to be changed in IFRS for a different accounting outcome? - Letter from Jérôme P. Chauvin to the European Financial Reporting Advisory Group (EFRAG) 19/12/2014
ED/2014/3 Recognition of deferred tax assets for unrealised losses - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 04/12/2014
Influencing the outcome on leases - Letter from Jérôme P. Chauvin to Hans Hoogervorst (IASB) and Russell G. Golden (FASB) 19/11/2014
IASB discussion paper "Accounting for dynamic risk management: a portfolio revaluation approach to macro hedging" - Letter from Jérôme P. Chauvin to the International Accounting Standards Board 22/10/2014
Lessee accounting - Letter from Jérôme P. Chauvin to the European Financial Reporting Advisory Group (EFRAG) 09/09/2014
Exposure draft: disclosure initiative (amendments to IAS 1) - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 23/07/2014
IASB/FASB project on lease accounting - Letter from Jérôme P. Chauvin to Didier Millerot 15/05/2014
ESMA guidelines on alternative performance measures - Letter from Jérôme P. Chauvin to ESMA 12/05/2014
Exposure draft: Annual improvements to IFRSs 2012-2014 cycle (ED/2013/11) - Letter from Jérôme P. Chauvin to the International Accounting Standards Board (IASB) 21/03/2014
BusinessEurope's response to the discussion paper "A review of the conceptual framework for financial reporting" - Letter from Jérôme P. Chauvin to the IASB 23/01/2014
EFRAG/IFRS - Letter from Markus J. Beyrer to Commissioner Michel Barnier 03/12/2013
Country-by-country reporting - Letter from BusinessEurope, the European Issuers and the European Association of Corporate Treasurers to members of the European Parliament Legal Affairs Committee 06/11/2013
Draft report "Should IFRS standards be more European?" - Letter from Jérôme P. Chauvin to Philippe Maystadt 30/09/2013
Consultation Draft of the International Integrated Reporting (IR) Framework 01/08/2013
Exposure draft Equity method: share of other net asset changes (proposal to amend IAS 28) - Letter from Jérôme P. Chauvin to the International Accounting Standards Board 26/03/2013
Exposure draft Recoverable amount disclosures for non-financial assets - Letter from Jérôme P. Chauvin to the International Accounting Standards Board 19/03/2013
Exposure draft ED/2012/5 "Acceptable methods of depreciation and amortisation" - Letter from Jérôme P. Chauvin to the International Accounting Standards Board 15/03/2013
Exposure draft Classification and measurement: limited amendments to IFRS 9 - Letter from Jérôme P. Chauvin to the International Accounting Standards Board 21/02/2013
Exposure draft Annual improvements to IFRSs: 2011-2013 cycle - Letter from Jérôme P. Chauvin to the International Accounting Standards Board 18/02/2013
IFRIC Interpretation X Put options written on non-controlling interests (DI NCI puts) 21/01/2013
Position papers Date
The fitness check on the EU framework for public reporting by companies - BusinessEurope position paper on the Commission consultation 10/07/2018
Last updated: 2 March 2017