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European Commission Formalises Working Relationship with EFRAG on the Application of IFRS in Europe

1 Gennaio 2007 - Autore: Redazione

European Commissioner Charlie Mccreevy and Efrag Supervisory Board Chairman Göran Tidström today announced that the European Commission (EC) and the European Financial Reporting Advisory Group (EFRAG) have entered into a formal Working Arrangement on all issues relating to the application of IFRS in Europe.

The document recognises EFRAG’s expertise on technical accounting issues related to IFRS (International Financial Reporting Standards). 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.


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