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Feedback to the EFRAG consultation on its proactive agenda

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

11 Apr 2016

The European Financial Reporting Advisory Group (EFRAG) has issued a summary of the feedback received on its proactive agenda consultation. The consultation sought views on the recent proactive work performed by the EFRAG as well as future proactive activities relevant for Europe.

EFRAG received 13 replies to its consultation and additional feedback in a number of outreach events spread over Europe. In general, respondents considered EFRAG proactive activities as important contributions to the international accounting debate. However, some called for more evidence and clarity on the objective that EFRAG tries to achieve in each project and the way EFRAG proactive projects were selected. The EFRAG Board has therefore decided that:

  • Any new proactive project must be clearly motivated and the reasons for taking up the project must be clearly communicated.
  • For any new project a news item explaining the proactive project will be published to inform constituents.
  • A project plan would be included with an overview of the planned outreach activities.

For more information, see the press release and feedback statement on the EFRAG’s website.

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