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.