EFRAG responds to call for stronger EU role

The Supervisory Board of the
European Financial
Reporting Advisory Group
(EFRAG) has invited public comment on a proposal to
enhance EFRAG’s role in response to calls for strengthening the European
contribution to the work of

According to Deloitte’s IAS Plus, EFRAG seeks input on enhancing the EU’s
pro-active input to the IASB by building on EFRAG’s structures and experience
and further involve national standard setters and co-ordinate European resources
and the create a planning and resource committee.

It proposes enhanced governance, transparency of EFRAG and accountability to
European organisations and institutions.

EFRAG also seeks balanced involvement of European stakeholders in EFRAG and a
significant increase in EFRAG’s human and financial resources.

Further reading:

Less is more on IFRS

Accountants and the crisis: standard setters – troubled

Related reading

Fiona Westwood of Smith and Williamson.