International cooperation

The Council actively participates in the work of Esma (the European Securities and Markets Authority) within the framework of the European Enforcers Coordination Sessions (EECS). EECS serves as Esma’s forum for coordinating measures and interpretation of the International Financial Reporting Standards (IFRS). The Council is also currently participating in two underlying working groups: the group for non-financial reporting (Narrative Reporting Working Group) and the group for financial institutions (Financial Institution Task Force).

Read more about Esma’s work in supervising IFRS:
https://www.Esma.europa.eu/convergence/ifrs-supervisory-convergence

The Council also actively participates in other international collaborations and meetings, particularly in Europe and the Nordic region, to promote and develop the Council’s activities.

The Council bases its reviews on a model used by the German accounting supervisory board, Deutsche Prüfstelle für Rechnungslegung (FREP) and, accordingly, is involved in knowledge exchange with the FREP to further refine the model.