EFRAG commenced its proactive work in 2005, in close cooperation with the National Standard Setters (NSS) in the Proactive Activities (formerly referred to as Proactive Accounting Activities in Europe (PAAinE)) initiative.  

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 EFRAG Planning and Resource Committee has been set up on an interim basis to date. The members of the EFRAG PRC are listed below.  The Chair of the German Standard Setter and the European Commission participate as observers.

The EFRAG Planning and Resource Committee could expand to full size, including two other members originating from the EFRAG Supervisory Board or the public at large, and one other National Standard Setter Chairman.

The work of the EFRAG Planning and Resource Committee is supported by an informal EFRAG Reference Group of National Standard Setters, not involved in the EFRAG Planning and Resource Committee, but who wish to contribute to the proactive work. The Group acts as a sounding board, advising on existing and potential proactive projects.

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.