EFRAG update on financial reporting activities

Key developments and future objectives

EFRAG's annual review of 2023, which includes the key developments in the first quarter of 2024, provides a useful overview of its recent activities and its future priorities. EFRAG is now responsible for developing and drafting European Sustainability Reporting Standards (ESRS), and it still continues its role as adviser to the European Commission (EC) on IFRS Accounting Standards. This article highlights some interesting parts of the review related to EFRAG's financial reporting activities, with relevant links to further information. An article on its sustainable reporting activities will follow in a future issue.