This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Deloitte comment letter on proposed IASB Due Process Handbook

Published on: 25 Jul 2005

We commend the International Accounting Standards Board for its efforts to improve its deliberative procedures, increase opportunities for consultation and enhance the transparency of its due process. We support the approach outlined in the Draft Handbook and think that it will be a useful document in explaining the approach to standard-setting adopted by the IASB.

However, we are puzzled about what the IASC Foundation Trustees hope to achieve from this exposure. Deloitte Touche Tohmatsu commented on the IASB’s Invitation to Comment Strengthening the IASB’s Deliberative Process in June 2004. Given that there was a broad level of agreement that the proposals were appropriate and that the Board has already implemented the changes, we fail to see the point of inviting comments on the Draft Handbook. This confusion is increased by the lack of any direction in the Invitation to Comment towards those areas on which the Trustees would particularly welcome comments.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.