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EFRAG (European Financial Reporting Advisory Group)

The Regulation on the application of International Financial Reporting Standards mentions an accounting technical committee which shall provide support and expertise to the European Commission in the assessment of IFRSs. This committee is called EFRAG (European Financial Reporting Advisory Group). EFRAG provides opinion to the European Commission on proposals adopting IFRSs under Article 3 of that Regulation.

What is going on?

19.05.2015
The European Commission had nominated Mr Wolf Klinz as President of the Board of the European Financial Reporting Advisory Group (EFRAG) in March. He was expected to take office by June after his nomination had been approved by the European Parliament and Council and after appointment by the General Assembly of EFRAG. However due to ill health Mr Klinz has decided not to accept the EFRAG Presidency. Mr Roger Marshall will continue to act as President ad interim until a final President is appointed. The European Commission will nominate another candidate for the Presidency as soon as possible.
19.03.2015
The European Commission today decided to appoint Mr Wolf Klinz as President of the Board of the European Financial Reporting Advisory Group (EFRAG). Mr Klinz, a former member of the European Parliament, is due to take office after his nomination is submitted to the European Parliament and Council and after appointment by the General Assembly of EFRAG.
2013 - 2014
EFRAG governance reformpdf Choose translations of the previous link  (Philippe Maystadt’s report). Report from the Commission to the European Parliament and the Council on the progress achieved in the implementation of the reform of EFRAG following the recommendation provided in the Maystadt report.