The European Financial Reporting Advisory Group (EFRAG) has invited comments on proposals to enhance its role and streamline its working processes with the goal of strengthening European input to the International Accounting Standards Board (IASB). EFRAG is a private-sector body that was created in mid-2001 by a broad array of groups interested in financial reporting in Europe, including the preparers and the accountancy profession. Its principal goal is to make a pro-active contribution to the work of the IASB while advising the European Commission on the technical assessment of IASB standards and interpretations for application in Europe.