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Working relationship of EC and EFRAG

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

25 Mar 2006

The European Commission and the European Financial Reporting Advisory Group have entered into a formal Working Arrangement on issues relating to the application of International Financial Reporting Standards (IFRSs) in Europe.

EFRAG will continue to act as an advisor by providing endorsement advice to the EC and technical input to the standard setters, IASB, and IFRIC. Under the Working Arrangement EFRAG will participate proactively in the IASB's due process. EFRAG will, in close consultation with the Commission, participate in the early phases of debate on all issues related to the standard setting process and will, when requested by the Commission, attend working groups of IASB, liaise with European national standard setters, and hold Advisory fora. Click to download:

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.