The EFRAG Planning and Resource Committee reflects the extent of cooperation between EFRAG and European National Standard Setters, aiming at pooling, as much as possible, European resources engaged in influencing, from a European perspective, the future development of IFRS. The members of the EFRAG PRC are listed below.

The EFRAG Planning and Resource Committee consists of four members of the EFRAG Supervisory Board, the Chairs of four National Standard Setters (from France, Germany, Italy and the UK) and the EFRAG Chairman. The European Commission participates as an observer. Since the middle of 2012 other National Standard Setters are entitled to participate in the meetings as observers with speaking rights.

The EFRAG Planning and Resource Committee sets the agenda for the proactive work resulting in the issuance of discussion papers and other outputs.  The technical content of the discussion papers is the joint responsibility of EFRAG Technical Expert Group and the National Standard Setters that are partners in the specific project. The EFRAG Planning and Resource Committee provides guidance on the allocation of available resources to proactive projects and monitors the progress of the work concerned. The objective of the proactive work is to involve European stakeholders at an early stage in defining improvements to financial reporting so as to influence the IASB.

Activities

The list of proactive projects can be found here.

In 2010, the EFRAG PRC published its research strategy, ‘A Force for Change - Strategy for European Financial Reporting Activities.’ This strategy will direct EFRAG’s proactive work in the future.