European Financial Reporting Advisory Group

The European Financial Reporting Advisory Group (EFRAG) is an organization that provides guidance and advice to the European Commission on accounting standards and financial reporting practices in Europe. Its role is to ensure that companies present their financial information accurately, transparently, and consistently, which helps investors, regulators, and other stakeholders make informed decisions. EFRAG assesses the impact of international accounting standards within Europe and offers recommendations to align practices with European priorities, ultimately promoting clarity, comparability, and trust in financial reports across the region.