Call for applications for SARG membership
09 Aug 2006
> By (PDF 42k), the European Commission established the Standards Advice Review Group (SARG).
SARG's role is to advise the Commission in the endorsement process of IFRSs including IFRIC Interpretations. The SARG will "assess whether EFRAG's opinions on endorsement of IFRSs and IFRICs are well-balanced and objective". The SARG will have a maximum of seven members appointed by the Commission. The Commission has now published a (PDF 22k). The Commission intends to take the following criteria into account when assessing applications:
- proven competence and technical experience, including at European and/or international level, in the accounting area, in particular in financial reporting;
- independence (that is, a person not directly involved with a private entity, organisation, association or other entity using, advising on, auditing IFRS financial statements or representing the interests of users and preparers);
- the need for balanced composition in terms of geographical origin, gender, the functions and size of entities concerned.
- We have created a new SARG Page on IAS Plus.