SAVE THE DATE – OIC event “The Future of Sustainability: Balancing Competitiveness and Simplification”

The Italian Accounting Standard Setter (OIC) is organizing an event on the outlook for environmental and social sustainability in the evolving European and international landscape.

Simplified ESRS and voluntary sustainability standard published in the Official Journal of the European Union

On today’s date, Delegated Regulation 2026/1563 on the revised ESRS standards and Delegated Regulation 2026/1560 on the voluntary sustainability standard were published in the Official Journal of the European Union.

New appointments at EFRAG for OIC members

The EFRAG General Assembly has appointed new members:.

OIC issues for public consultation the Exposure Draft Accounting Standard for micro and small entities

Small and micro-entities represent the majority of Italian businesses, and this draft Accounting Standard follows the outcome of a consultation launched in 2024, which revealed general consensus on developing a single simplified accounting standard for micro and small entities.

The new OIC Board of Directors appoints the Accounting Standards Committee, the Sustainability Committee, and the Secretary General

The Board of Directors of the Italian Standard Setter (OIC), meeting under the chairmanship of Gianmario Crescentino, approved key appointments that complete the governance for the upcoming three-year term.

EFRAG publishes Exposure Draft ESRS for certain non-EU Undertakings (ESRS-40a)

Due Date: 31/10/2026

Following a request from the European Commission, EFRAG developed the ESRS for certain non-EU Undertakings (ESRS-40a) Exposure Draft.