ASCG publishes comment letter to EFRAG on EFRAG’s proactive Agenda Consultation

Today, the Accounting Standards Committee has sent its Comment letter to EFRAG regarding EFRAG’s proactive Agenda Consultation.

The concerns raised by the IFRS Technical Committee include the lack of a clear visibility and understanding of the process EFRAG follows in defining and deciding on its proactive work plan.Therefore, the commitee encourages EFRAG to define and communicate such a (due) process that forms the basis for any decision on entering into proactive activities.