Proposal to enhance EFRAG's role and working process
06 Dec 2003
The European Financial Reporting Advisory Group (EFRAG) has invited comment on proposals to enhance its role and streamline its operating processes with the goal of "strengthening European input to the IASB".
EFRAG, a private-sector body, was created in mid-2001 by a broad array of groups interested in financial reporting in Europe, including the preparers and the accountancy profession. Its principal goal is to make a pro-active contribution to the work of IASB while also advising the European Commission on the technical assessment of the IASB standards and interpretations for application in Europe. Key proposals include:
Written comments on the proposals are invited by 12 January 2004, and a public hearing will be held in Brussels on 8 January 2004. Click to download:
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- Press Release (PDF 23k).
- Proposals: Strategy Paper (PDF 40k).