18 December 2015 — Consultation Response
As a key-stakeholder in helping shape IFRS, the Federation has issued its views on the IASB’s work plan and priorities until 2020. Hereby, we suggest that the IASB takes a more active role in driving the broader corporate reporting agenda, including non-financial reporting as discussed in FEE’s recent paper on the Future of Corporate Reporting.
The European Financial Reporting Advisory Group (EFRAG) has decided to launch its own Proactive Agenda Consultation in parallel with the IASB 2015 Agenda Consultation. In its response, the Federation strongly supports a better coordination of IASB and EFRAG with respect to proactive activities. To this end, the Federation recommends that EFRAG undertakes a review of its proactive agenda on a regular basis once the review of IASB’s agenda is complete.