EFRAG launches consultation on Draft Endorsement Advice for Amendments to the Reduced Disclosure Standard
EFRAG has issued its draft endorsement advice letter and a separate invitation to comment on the proposed EU adoption of Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures, issued by the IASB on 21 August 2025.
IFRS 19 aims to simplify financial reporting for eligible subsidiaries by allowing them to prepare financial statements under IFRS Accounting Standards with reduced disclosure requirements under specific conditions. This approach decreases the reporting burden on companies by simplifying the reporting, reducing the costs of preparing eligible subsidiaries’ financial statements, while maintaining the usefulness of information to users.
Amendments to IFRS 19 complete the reductions and provide reduced disclosure requirements for new or amended IFRS Accounting Standards issued between February 2021 and May 2024.
On 26 September 2025, EFRAG published its final endorsement advice on IFRS 19 Subsidiaries without Public Accountability: Disclosures, recommending its endorsement in the EU.
EFRAG's overall preliminary assessment is that Amendments to IFRS 19 satisfy the criteria for endorsement for use in the EU and therefore recommends their endorsement. To this end, EFRAG has also updated its Endorsement Status Report.
Submit Your Comment
Download the invitation to comment in Word or PDF and submit it to EFRAG by Friday 28th November 2025.