1. The beneficiaries under the Programme shall be the following:
((a))
in the field of financial reporting:(i)EFRAG for the period from 1 January 2014 to 31 December 2016;(ii)the IFRS Foundation;
((i))
EFRAG for the period from 1 January 2014 to 31 December 2016;
((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.