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, of which BusinessEurope is one of the founders, 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
	Exposure Draft “Climate-related and Other Uncertainties in the Financial Statements – Proposed illustrative Examples” - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	28/11/2024
	ED/2024/3 Contracts for renewable electricity - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	05/08/2024
	ED 2024 1 Business combinations: disclosures, goodwill and impairment - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	15/07/2024
	Application of the "own use" exception on power purchase contracts - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	02/10/2023
	ED/2023/2 - Amendments to the Classification and Measurement of Financial Instruments - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	18/07/2023
	Application of the "own use" exception in the light of current market and geopolitical questions - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	10/07/2023
	IASB Exposure Draft international tax reform - Pillar Two model rules supplier finance arrangements - Proposed amendments to IAS 12 - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	27/02/2023
	EFRAG’s consultation paper “Due process procedures for EU sustainability reporting standard-setting” - Letter from Erik Berggren to Jean-Paul Gauzès, EFRAG	02/09/2021
	IFRS Foundation Exposure Draft: Proposed targeted amendments to the IFRS Foundation Constitution to accommodate an international sustainability standards board to set IFRS sustainability standards - Letter from Erik Berggren to the IFRS Foundation	19/08/2021
	Post-implementation review IFRS 10, IFRS 11 and IFRS 12 - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	07/05/2021
	ED/2020/4 Lease Liability in a Sale and Leaseback - Proposed amendment to IFRS 16 - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	25/03/2021
	ED/2021/2 Covid-19-related Rent Concessions beyond 30 June 2021 - Proposed amendment to IFRS 16 - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	25/02/2021
	Exposure Draft ED/2019/6 - Disclosure of Accounting Policies - Proposed amendments to lAS I and IFRS Practice Statement 2 - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	29/11/2019
	Exposure draft ED/2019/5 Deferred tax related to assets and liabilities arising from a single transaction - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	12/11/2019
	EFRAG Discussion paper - Accounting for pensions plans with an asset-return promise - Letter from Erik Berggren to EFRAG	12/11/2019
	Exposure draft ED/2019/3 Reference to the conceptual framework - Proposed amendments to IFRS 3 - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	01/10/2019
	ED/2019/2 Annual improvements project (cycle 2018-2020) - Letter from Pedro Oliveira to the International Accounting Standards Board (IASB)	20/08/2019
	Exposure draft: proposed amendments to the IFRS Foundation due process handbook - Letter from Erik Berggren to the IFRS Foundation	29/07/2019
	IFRIC tentative agenda decision "Lease term and useful life of leasehold improvements" (June 2019) - Letter from Erik Berggren to the IFRS Interpretations Committee	26/07/2019
	Discussion paper: non-exchange transfers - A role for societal benefits? - Letter from Erik Berggren to EFRAG	10/05/2019
	Exposure draft ED/2018/2: Onerous contracts - Cost of fulfilling a contract - Letter from Erik Berggren to the International Accounting Standards Board (IASB)	12/04/2019
	Financial instruments with characteristics of equity (DP/2018/1) - Letter from Pedro Oliveira to the International Accounting Standards Board (IASB)	04/01/2019
	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

Position papers		Date
	Corporate reporting: improving its quality and enforcement - a BusinessEurope position paper	14/02/2022
	Sustainability reporting - BusinessEurope reply to the IFRS Foundation Trustees consultation paper	20/01/2021
	Legal affairs strategy for the next political cycle	01/10/2019
	The fitness check on the EU framework for public reporting by companies - BusinessEurope position paper on the Commission consultation	10/07/2018

Contact

Erik Berggren

Senior Adviser

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+32 2 237 65 55

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Accounting harmonisation

Publications

Contact

Erik Berggren