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EFRAG strategy for 'proactivity'

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

11 Jun 2010

The European Financial Reporting Advisory Group (EFRAG) has published its Strategy for European Proactive Financial Reporting Activities.

The strategy is intended to enhance EFRAG's role in influencing future standard-setting developments by engaging with European constituents and providing timely and effective input to the early phases of the IASB's work. EFRAG's strategy is 'underpinned by a set of aims that contribute to achieving EFRAG's overall objectives'. EFRAG identifies its four strategic aims as follows:
  • Aim 1: Engage with European constituents to ensure we under stand their issues and how financial reporting affects them;
  • Aim 2: Influence the development of global financial reporting standards;
  • Aim 3: Provide thought leadership in developing the principles and practices that underpin financial reporting; and
  • Aim 4: Promote solutions that improve the quality of information, are practical, and enhance transparency and accountability.
Click to view Strategy for European Proactive Financial Reporting Activities (PDF 1,970k).

 

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