EFAA for SMEs - European Federation of Accountants and Auditors for SMEs’ Post

EFRAG releases today its Annual Review 2023 📙 This report provides insights on the main achievements of the organisation in the past year and the important developments that took place for both the financial and sustainability reporting fields in the first half of 2024 📊. More info ▶️ https://lnkd.in/exWKX872 Saskia Slomp, EFRAG CEO, stated: "I am delighted to announce the release of our 2023 Annual Review. This past year has been a significant milestone for EFRAG, as we have successfully solidified and enhanced our position as a leading European organisation in corporate reporting. We have advanced our thought leadership in this field and made a substantial impact on the global stage. Our Annual Review witnesses our grow and development in financial reporting and notably sustainability reporting in which EFRAG is rapidly increasing its activities". #EFRAG #CorporateReporting #SustainabilityReporting #FinancialReporting Have a look 🔎 🔽

🌟 Just finished diving into the EFRAG Annual Review 2023 and I’m incredibly impressed with the strides made this past year! The report highlights EFRAG’s unwavering commitment to thought leadership, transparency, and public accountability in both financial and sustainability reporting. Key achievements include the development of the 2024-2027 strategy, which is set to guide EFRAG through a rapidly changing corporate reporting environment. Their proactive work on connectivity between financial and sustainability reporting is particularly noteworthy and is bound to set a new standard in the industry. It's clear that EFRAG's influence on international standards is growing, with significant contributions to the development and endorsement of IFRS standards and the European Sustainability Reporting Standards (ESRS). Their efforts to ensure these standards are fit for use in Europe, while also being interoperable with global standards, are commendable. Kudos to the entire EFRAG team for their hard work and dedication in navigating the complex landscape of corporate reporting. The future looks bright as they continue to push the envelope on improving the quality and transparency of reporting. #CorporateReporting #Sustainability #IFRS #ESRS #EFRAG #Transparency #ThoughtLeadership Venu Borra Sami Bousri Bob Gravestijn Chris Sunderman Bruno Schneider - Le Saout

🌟EFRAG's summary report on the 2023 European Corporate Reporting conference is out! 📜For keynote speeches on sustainability and financial reporting, panels on European standards and SME sustainability, and a tribute to former EFRAG Board President Jean-Paul Gauzès, head to: https://t.ly/YNZJY 🌍Check out photos from the conference as well as comprehensive video coverage. 📊 #EFRAG #CorporateReporting #SustainabilityReporting #FinancialReporting #EFRAG2023 

#EFRAG #CONNECTIVITY #PROJECT 2024 - This is an initial paper of EFRAG’s project on connectivity between financial reporting and sustainability reporting (EFRAG connectivity project), which is part of EFRAG’s proactive research workplan.

Insightful reflections on the state of play in #financialreporting and #sustanibilityreporting and on many topics relevant to our research and society. EFRAG

🌟EFRAG's summary report on the 2023 European Corporate Reporting conference is out! #EFRAG #CorporateReporting #SustainabilityReporting #FinancialReporting #EFRAG2023

New Q&A explanations on the ESRS released by EFRAG👇 EFRAG has released 23 new explanations to support stakeholders in implementing the European Sustainability Reporting Standards (ESRS). This update expands the Compilation of Technical Explanations to 93 in total, covering January to July 2024. 👉 Key highlights: - Categorized by Cross-cutting, Environment, Social, and Governance - Hyperlinks to ESRS texts for easy navigation - Appendix log for questions already addressed The updated compilation also includes more entity-specific scenarios to help companies apply the ESRS effectively. Stay tuned for more updates as EFRAG continues to release further explanations! #EFRAG #ESRS #ESGreporting

Great opportunity to discuss sustainability reporting with the banking advisory panel, and accros panels with members of the insurance and capital markets advisory panels. With the end goal to achieve sector standards that result in userful information, that are truly sector specific, and leverage the existing ESRS and build on emerging best practice. #EFRAG, #ESG, #ESRS #Banking

📢 EFRAG Updated Explanations on ESRS 🌍 Last week we attended the annual EFRAG conference in 🇧🇪 and heard some of the insights contained in the latest publication of EFRAG Explanations (Jan–Nov 2024). For those looking for some further clarifications on things like #doublemateriality #esrs #valuechain #disclosures #IROs and beyond, this is a KEY asset which provides 100's of responses to FAQs from across industries and member states.💡 👉 Read the full document here: https://lnkd.in/guY3jVaR At Colectivo, we’re here to support businesses in implementing transition programmes, aligned to #eu policy and frameworks. In the Irish context, we help businesses implement #greentransition thanks to European funds mobilized through Enterprise Ireland Local Enterprise Offices IDA Ireland and Údarás na Gaeltachta. #SustainabilityReporting #ESRS #EFRAG #Transparency #GreenTransition #ESG #SustainableBusiness #Colectivo #ClimateAction

Join Jens Berger, Chairman of the EFRAG Connectivity Advisory Panel, and Leo van der Tas, EFRAG CAP Subgroup Leader, in a must-watch video discussing our latest report: "Connectivity Considerations and Boundaries of Different Annual Report Sections." 📊 Why is this important? The report breaks new ground by laying out the conceptual foundations, categories, and benefits of connectivity—a concept not previously included in the Conceptual Framework for Financial Reporting but now crucial due to its inclusion in mandatory sustainability reporting requirements like the ESRS for EU entities and ISSB Standards for entities in adopting countries. 🔍 Jens and Leo share the main takeaways from the topics addressed in the paper and explore the nuances of reporting boundaries across different sections of the report, highlighting grey areas concerning the location of information. They also suggest practical steps to enhance connectivity and address expectation gaps around reporting boundaries. Watch the video 🎥 https://lnkd.in/eKpbyxiw and read the report 📘https://lnkd.in/eEqjcFeq to gain expert insights into how these developments can significantly impact your approach to financial and sustainability reporting. #Connectivity #CorporateReporting #FinancialReporting #SustainabilityReporting Vincent Thomas Papa, Vasilis Dionelis, Sapna Heeralall - FCCA, Ioana Dimitrova Kiss, Jamal Boualla