Planning the project

When adding an item to its active agenda, the IASB also decides whether to:

• conduct the project alone; or
• jointly with another standard-setter.

Similar due process is followed under both approaches.

After considering the nature of the issues and the level of interest among constituents, the IASB may establish a Consultative group at this stage.

A team is selected for the project by the two most senior members of the technical staff:

• The Director of Technical Activities; and
• The Director of Research.

The project manager draws up a project plan under the supervision of those Directors. The team may also include members of staff from other accounting standard-setters, as deemed appropriate by the IASB.