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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS development
As part of the development of an IFRS procedures, what do the board mean by issuing a discussion paper to encourage commment.
Also, they publish exposure draft for public comment as a draft version of the intended standard. Who are their target ? Is it the general public or just the shareholders, members of the organization or individual member ?
The Board, in this context, is the International Accounting Standards Board (IASB) and there are no shareholders!
The Discussion Document and the Exposure Draft are published and comments are invited from the accounting profession and all the members of the various branches of the profession
Trust me on this … the general public has NO interest in the Discussion Documents nor Exposure Drafts issued by the IASB
OK?