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Expert Group on the evaluation of the European IAS Regulation

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30 Apr 2014

The European Commission (EC) has decided to evaluate whether the initial objectives of its IAS Regulation are still relevant and identify areas for improvement in the functioning of the Regulation, if needed. The EC is therefore calling for applications with a view to selecting members of an informal 'Expert Group on the evaluation of the IAS Regulation'.

The European Commission's expert group is intended to advise and assist the EC in conducting the retrospective evaluation of the IAS Regulation. The Commission currently envisages that it would have a public consultation and possibly targeted workshops. It will seek to draw on the expertise of the group to advise it in respect of such activities and others as required by the Commission.

The evaluation of the IAS Regulation is also intended to integrate the recommendations of the special advisor Mr Maystadt on how the EU's contribution to International Financial Reporting Standards (IFRSs) can be reinforced and how the governance of the European bodies involved in developing these standards can be improved. The evaluation is designed to to complement Mr Maystadt's recommendations by providing factual data about the IFRS experience in Europe so far.

The expert group will be composed of approximately 18 members drawn from organisations reflecting interests from preparers of financial statements, investors, financial analysts, accountants, auditors, and other stakeholders (companies, associations, non-governmental-organisations, trade unions, universities, research institutes, civil society, Union agencies, Union bodies and international organisations) and Member State authorities, including supervisors and national standard-setters. The call for applications was published with a view to selecting members of the group from organisations. Selection of Member State authorities follows a different procedure.

Please click for access to the call for applications on the EC website.

Note: The deadline for application for the expert group on the evaluation of the IAS Regulation has been extended to 3 June 2014.

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