The European Commission public consultation sought views from all interested parties on their experience of the IAS Regulation; specifically, the Commission wished to evaluate whether the EU’s adoption of International Financial Reporting Standards had led to higher quality financial reporting and investment efficiency.

The NAPF is of the view that consistency of reporting across borders has significant value for investment confidence and for the free movement of capital across the EU. Raising accounting standards was of vital importance in a number of European jurisdictions, and the increase in investor confidence has been accompanied by an increase in investment, assisting the single market's operation.