EFRAG comment on CESR Draft Standard on Financial Information

26 January 2004

EFRAG has commented on CESR's draft Standard No 2 on Financial Information - Co-ordination of Enforcement Activities. EFRAG supports a strong co-ordination mechanism for enforcement activities in Europe and believes that high quality uniform financial reporting is key to the creation of an efficient European capital market.

To achieve uniform financial reporting, coordination of enforcement practices throughout Europe is fundamental. EFRAG agrees with the proposals to harmonise the work of all national enforcers, including non-CESR members.

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