EFRAG issues online questionnaire for small and medium entities on IASB’s proposed approach to developing disclosure requirements

EFRAG has issued an online questionnaire, targeted at for small and medium entities, to obtain feedback on the IASB’s proposed approach to developing disclosure requirements in IFRS standards.

In its draft comment letter in response to IASB’s exposure draft, EFRAG noted that the effects of the proposals may vary based on the diverse nature of entities. Feedback from less resourced entities when confronted with such an increased level of judgement, is paramount to assess the ED potential impacts. 

The entities currently participating in fieldwork activities undertaken by EFRAG are generally large entities. Therefore, EFRAG has issued this questionnaire targeted at small and medium entities.

The questionnaire is split between the general approach that the IASB would expect to use when drafting IFRS standards and the amendments to IAS 19 and IFRS 13.

The questionnaire can be completed until 20 November 2021.

The questionnaire may be accessed here.