Financial reporting & accounting standards

Ensuring that international financial reporting standards (IFRS) developed by the International Accounting Standards Board (IASB) meet the needs of European stakeholders.

BusinessEurope promotes convergence of accounting standards between USA and Europe with a view of reaching mutual recognition. To achieve these goals BusinessEurope supports the work and structure of the European Financial Reporting Advisory Group (better known as EFRAG), of which it is one of the founding members. We represent the voice of the preparers of financial reports.