IAASB Comments on IASB Exposure Drafts
The IAASB formalized the process by which it monitors developments in financial reporting standards, one goal of which is to provide the International Accounting Standards Board (IASB) with timely input on aspects of its proposed standards that may have potential verifiability or auditability issues. For this purpose, a working group consisting of IAASB members and technical advisors has been formed to monitor selected IASB projects. Letters issued by the individual Working Group does not constitute an official position of the IAASB and is not intended to provide an IAASB view on the IASB's technical proposals.
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