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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.