# Regulation (EU) No 258/2014 of the European Parliament and of the Council of 3 April 2014 establishing a Union programme to support specific activities in the field of financial reporting and auditing for the period of 2014-20 and repealing Decision No 716/2009/EC (Text with EEA relevance), Article 3: Beneficiaries

Extent: E+W+S+N.I.

1. The beneficiaries under the Programme shall be the following:
(a) in the field of financial reporting:
(i) EFRAG;
(ii) the IFRS Foundation;
(b) in the field of auditing: PIOB.
2. Bodies working in the field of financial reporting and auditing, which receive Union funding through the Programme, shall have a duty of care to ensure their own independence and that public money is used economically and efficiently, irrespective of the diverse funding streams from which they could benefit.

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Source: https://www.legislation.gov.uk/eur/2014/258/article/3 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-258/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.