Press Release: Accounting: Commission appoints members of the Standards Advice Review Group

The European Commission has appointed the seven members of the Standards Advice Review Group, whose task is to advise the Commission on the endorsement process of International Financial Reporting Standards (IFRS) and International Financial Reporting Committee Interpretations (IFRICs). It will assess whether the European Financial Reporting Advisory Group's (EFRAG) opinions on endorsement of IFRS and IFRICs are well-balanced and objective. This appointment is the last step in setting up an independent advisory group on accounting, on which the Commission decided in July 2006 (IP/06/1001).