About Working Groups old

Working groups give the IASB access to additional practical experience and expertise. The IASB normally establishes working groups for its major projects .

If the IASB decides to omit this step, it will state its reasons.

Working groups are set up during the project planning stage . Before setting up a working group, the IASB advertises for nominations and applications. The composition of a working group reflects the diversity and breadth of interest involved in a particular area.

The Trustees’ Procedures Committee reviews the proposed composition of each group to ensure that there is a satisfactory balance of perspectives. Meetings of working groups are attended by some IASB members and technical staff.

In consultation with the Trustees and the members of working groups, the IASB sets working groups a clear mandate and objectives, and the groups are not asked to develop formal recommendations. Once work starts, the IASB consults the groups on important decisions, and provides regular updates on the progress of the project.

Meetings of working groups are announced in advance, open to the public, and chaired by an IASB member. Comments from group members are included in the materials for discussion in IASB meetings.