By decision of 14 July 2006 (2006/505/EC), the Commission has set up a group of experts in accounting, called the Standards Advice Review Group. The task of the group is to advise the European Commission in the endorsement process of International Financial Reporting Standards (IFRS) and International Financial Reporting Committee Interpretations (IFRICs). It will assess whether EFRAG's opinions on endorsement of IFRS and IFRICs are well-balanced and objective. The Group shall be composed of maximum seven members appointed by the Commission from independent experts in accounting area and high level representatives from National Standard Setters.
- Commission Decision 2006/505/EC of 14 July 2006 setting up a Standards Advice Review Group to advise the Commission on the objectivity and neutrality of the European Financial Reporting Advisory Group's (EFRAG’s) opinions.
- The Commission Decision 2007/73/EC of 20 December 2006 on appointment of members of the Standards Advice Review Group.
- The Commission Decision 2009/386/EC of 15 May 2009 on appointment of members of the Standards Advice Review Group.
- SARG Rules of procedure