The Monitoring Board and the IFRS Foundation launched in 2010/2011 important consultations on most of the institutional arrangements of the accounting standard setters. FEE carefully considered these consultative documents and provided them with the views of the profession with a European perspective.
FEE believes that standards need to be set by a global standard setter who is both independent and accountable. It is in Europe’s best interest to continue its commitment to global standards.
Related links:
Monitoring Board Consultative Report on the Review of the IFRS Foundation Governance
Status of the Trustees’ Stragety Review
Review of operational efficiency and effectiveness of the IFRS Interpretation Committee
Due Process Handbook for the IASB – Criteria for annual improvements to IFRSs
