DGRV Comment EFRAG Enhancement

German Cooperative and Raiffeisen Confederation e. V. Göran Tidström Pariser Platz 3 Postfach 08 06 54 Chairman of the EFRAG Supervisory Board D-10117 Berlin D-10006 Berlin www.dgrv.de via email: info@efrag.org T. +49 30 - 202 41 69 00 F. +49 30 - 202 41 69 89 jessen@dgrv.de 22 September 2008 Dear Mr Tidström, Re: Enhancement of EFRAG - Proposals for Public Consultation The German Cooperative and Raiffeisen Confederation e. V. (DGRV) is pleased to submit our general remarks regarding the proposals to strengthen the European contribution to the international standard-setting process, published by EFRAG in July 2008. Agreement We support the principal objective that EFRAG should continue to ensure that European views on the development of financial reporting are properly and clearly articulated in the international standard setting process, in particular by responding to proposals issued by the International Accounting Standards Board (IASB) and via providing increased proactive input to the IASB. Considering the changes in the international financial reporting environment we also agree that it is necessary for Europe to provide its input and advice to the IASB. It is important to ensure that views expressed by EFRAG are not dominated by any single interest group or constituency. Therefore it is essential, that responsible members acting for EFRAG are independent. They must be committed to acting in European public ...