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IFRSs in Europe – Events of 2011

European Union

Below you will find a chronology of IFRS-related events in Europe, for 2011.

Links to articles related to other years can be found below:

2014 2013 2012 2011 2010 2009 2008
2007 2006 2005 2004 2003 2002 2001


Related news

  • EFRAG asks for more time to consider IASB proposals

  • Dec 19, 2011

  • The European Financial Reporting Advisory Group (EFRAG) has written to the IASB to request that the comment period on the Exposure Draft 'Revenue from Contracts with Customers' be extended by 60 days and that the comment period on the Review Draft on General Hedge Accounting is set such that constituents have three months, outside their year-end closing period, to respond and participate in field-testing activities.

  • ESMA hosts meeting of regulators to discuss IFRS

  • Dec 05, 2011

  • On 1-2 December 2011, the European Securities and Markets Authority (ESMA) hosted a meeting of accounting enforcers from around 30 countries to discuss International Financial Reporting Standards (IFRS), enforcement systems and enforcement decisions.

  • EU formally adopts IFRS 7 amendments

  • Nov 28, 2011

  • The European Union has published the Commission Regulation (EC) No 1205/2011 endorsing the amendments to IFRS 7 Financial Instruments: Disclosures published by the IASB on 7 October 2010.

  • ESMA statement on sovereign debt in IFRS financial statements

  • Nov 25, 2011

  • The European Securities and Markets Authority (ESMA) has posted to its website a statement concerning the accounting treatment in relation with sovereign debt exposures in connection with current market developments. Special consideration is given to the accounting treatment of Greek sovereign debt.

  • ESMA Consultation Paper on materiality

  • Nov 10, 2011

  • The European Securities and Markets Authority (ESMA) has published a consultation paper entitled Considerations of materiality in financial reporting.

  • ESMA Activity Report on IFRS enforcement 2010

  • Oct 21, 2011

  • The European Securities and Markets Authority (ESMA) has published the second annual activity report on monitoring enforcement of International Financial Reporting Standards (IFRS) in Europe.

  • EFRAG celebrates 10th anniversary

  • Oct 21, 2011

  • The European Financial Reporting Advisory Group (EFRAG) celebrated its 10th anniversary in 2011. On 13 October, a seminar was held reflecting on past milestones, achievements and signalling future challenges that EFRAG is likely to face.

  • Speech of ESMA Chair on transparency touches on the valuation of sovereign debt

  • Sep 30, 2011

  • In a speech entitled Market Transparency – Does it prevent crisis? given at the Austrian Financial Market Authority Supervision Conference in Vienna, Steven Maijoor, Chairman of the European Securities and Markets Authority (ESMA), spoke about similarities between the credit crunch and the current European sovereign debt crisis and how transparency can be an answer to the lack of trust in banks and markets. .

  • Use of Options within the Accounting Directives

  • Sep 20, 2011

  • The European Commission services have published a report on the responses received to the consultation of accounting regulatory committee members on the use of options within the European Accounting Directives.

  • FASB and EFRAG co-operate on disclosure framework project

  • Aug 30, 2011

  • The Financial Accounting Standards Board (FASB) and European Financial Reporting Advisory Group (EFRAG) have formally agreed to work together on their respective projects to develop a disclosure framework, with a view to creating a consistent framework for both United States and international GAAP.

  • EFRAG report regarding costs of implementing country-by-country reporting

  • Aug 03, 2011

  • In October 2010, the European Commission started a public consultation in order to gather stakeholders' views on country-by-country reporting by multinational companies. Country-by-country reporting is a concept that would require multinational companies to disclose financial information on their operations in third countries in their annual financial statements.The consultation mainly focused on companies active in an extractive industry in third countries.

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