The EFRAG API will play an important role in providing accounting and industry expertise to EFRAG TEG on specific aspects of intangibles. It aims at facilitating dialogue, identifying issues on the current guidance and helping practical solutions to emerge. The EFRAG API will provide views on what information investors need (but cannot find in corporate reports) on how an entity creates, maintains, expands and/or preserves value, and what information can be prepared.
The IASB, the European Federation of Financial Analysts Societies (EFFAS) and the CFA Institute are observers to the EFRAG API.
The composition of the EFRAG API, effective as of 6 March 2020, is as follows:
