Report on the activities of the IFRS Foundation, EFRAG and PIOB in 2016

Regulation No 258/2014, which extended a Union programme to support specific activities in the field of financial reporting and auditing for the period from 1 January 2014 to 31 December 2020, came into force on 9 April 2014.

This report covers the activities of the beneficiaries of the programme, namely the International Financial Reporting Standards (IFRS) Foundation, the European Financial Reporting Advisory Group (EFRAG) and the Public Interest Oversight Board (PIOB) in 2016. However, certain events that took place in 2017 were also mentioned where it was deemed useful for the purpose of the report.