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17 July 2006

New Commission expert group on accounting





The Commission established a Standards Advice Review Group in the area of accounting to ensure objectivity and proper balance of EFRAG’s opinions. The Group will be composed of independent experts and high-level representatives from National Standard Setters whose experience and competence in accounting are widely recognised. The Group's task will be to assess whether the endorsement advice given by the EFRAG is well balanced and objective. The group will deliver its advice normally within three weeks.

The group will deliver its advice within a short time, which should normally not be longer than three weeks from the date of receiving EFRAG's opinion. In a normal situation this time is overlapping with other endorsement procedures and hence the group's reflection shall not delay the whole endorsement process.

The call for applications for the members of the Group will be published shortly.

Press release


© European Commission


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