Press Release: Accounting: new Commission expert group to ensure balanced advice on accounting standards

The European Commission has established a Standards Advice Review Group in the area of accounting to ensure objectivity and proper balance of the European Financial Reporting Advisory Group's (EFRAG) 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 final advice will be published on the Commission's website.