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IASB process of making IFRS.

The following is the process used by international accounting standard board (IASB) to make IFRS:

  •  IASB staff review all the issues associated with topic and consider the application of the IASB framework to the issues .
  • Study of national accounting requirements. 
  • consulting the IASB standard advisory board (SAB) about the advisability of adding the topic to IASB agenda
  • formation of an advisory group to give advice to IASB on the project 
  • Publishing of discussion document for public comments 
  • publishing an exposure draft and basis for conclusions 
  • Consideration of all comments received 
  • Consideration of the possibility of holding a public hearing 
  • Approval and publishing of standard and a basis for conclusion



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