The European Financial Reporting Advisory Group (EFRAG), the Autorité des Normes Comptables (ANC) in France, and the Financial Reporting Council (FRC) in the United Kingdom have published today a Research Paper, ‘The Role of the Business Model in Financial Statements’. The Research Paper is the result of a joint project between EFRAG, the ANC and the FRC, as part of EFRAG’s proactive agenda.
The Research Paper is open for comment until 31 May 2014.