The EFRAG Planning and Resource Committee (PRC), consisting of two members of the EFRAG Supervisory Board, the Chairs of three National Standard Setters (NSS) and the EFRAG TEG Chairman and the Chair of the German Standard Setter plus the EC as observers, had its second meeting on 19 October in the Financial Reporting Council’s offices in London.

The PRC sets the agenda for the pro-active work resulting in the issuance of discussion papers and other outputs. The PRC provides guidance on the allocation of available resources to pro-active projects and monitors the progress of the work concerned. The objective of the pro-active papers is to influence the IASB and to create discussion and a better understanding of financial reporting issues in Europe.