First European Commission report on the activities of the IFRS Foundation, EFRAG and PIOB

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In April 2014 a regulation of the European Union came into force establishing a Union programme to support specific activities in the field of financial reporting and auditing for the period of 2014-20. The regulation forms the legal basis for the co-financing of the IFRS Foundation, EFRAG and PIOB. According to the regulation, the
Commission must prepare an annual report on the activity of the beneficiaries of the programme. The first report is now available.

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