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EFRAG draft response on constitution review

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

15 Feb 2005

The EFRAG Supervisory Board has agreed on a Draft Response (PDF 150k) to the proposals for change regarding the IASC Foundation Constitutional Review.

Comments are requested by no later than 25 February 2005. An except:

We have to express disappointment with the proposals for change put forward in the Consultation paper. It appears that the Trustees have ignored many European concerns even though numerous proposals for change were put forward by many different European organisations.

Many organisations proposed finding means to have European constituents more involved in one way or another, but the proposals seem to us to be more in the direction of diluting the European involvement. It is all the more disappointing, therefore, that the proposals contained within the Constitutional Review document are so marginal in their response to the ideas put forward during the preceding consultative round, including the open meetings held during the course of 2004.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.