The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has responded to the European Commission’s questionnaire seeking respondents’ views on the impact of International Financial Reporting Standards (IFRS) in the European Union. FEE believes the use of IFRSs offers crucial benefits for the EU in remaining competitive, attracting foreign investment and restoring confidence in European financial markets. FEE even states that the scope of the IAS Regulation should be expanded.