Effects Analyses Consultative Group (EACG)

EACG (Effects Analysis Consultative Group) (mid blue)


The Effects Analyses Consultative Group (EACG) is an advisory body formed to assist the IASB, in consultation with the IFRS Foundation Trustees, to develop a methodology for fieldwork and effect analyses (commonly referred to as cost-benefit analyses or impact assessments).  The group was established as a result of the the recommendations from the 2011 Trustees' Strategy Review.

Terms of reference

The terms of reference focus on the following areas:

  • Provide information on, and an assessment of, fieldwork and effect analyses methodologies that are used currently and whether and, if so, how they might be applied to the IASB’s standard-setting activities, together with advice on the most appropriate methodology (or methodologies) that might be used
  • Provide advice on any fieldwork and effects analyses on any projects on the current IASB Work Plan and the lessons that might be learned in the development of an appropriate methodology
  • Provide advice on identifying and managing expectations regarding the scope of effect analyses, given that some parties believe that the scope of effects should go much wider and take into account macro-economic effects such as financial stability impacts.

The establishment of the consultative group is also designed to assist the IASB in identifying the extent to which it can, and should, meet the needs of bodies responsible for the endorsement of IFRSs in their jurisdictions with respect to effect analysis so that endorsement bodies might rely on the IASB effects analyses instead of conducting their own analysis.


The consultative group has between 12 and 20 members who serve on a voluntary, unpaid basis.  Members are sourced from all geographical areas and from a range of backgrounds and are expected to have a good knowledge of and experience in financial reporting and relevant practical experience in areas within the remit of the group, i.e. in conducting fieldwork/assessing the effects of financial reporting requirements.

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