Among others, CESR is of the view that the IASB should develop due process procedures to possible fast track procedures for making changes to IFRSs in cases of emergency.
CESR is of the view that the IASB’s agenda process should be more consultative. However, rather than transferring to the Trustees, CESR believes responsibility for setting and prioritising the agenda should remain with the IASB.
With regard to possible fast track procedures for making changes to IFRSs in cases of emergency, CESR is of the view that the IASB should develop due process procedures – including public consultation – that enable it to amend its standards in response to emergency circumstances.
Full response
© CESR - Committee of European Securities Regulators
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article