The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS) and the Association Belge des Analystes Financiers (ABAF), and the International Accounting Standards Board (IASB) have announced a new joint outreach event will be held on 1 July 2015 to discuss how profit or loss (P&L) could become more useful and what the role of other comprehensive income (OCI) is.