IFRS Monitoring Board Consultative Report on the Governance Review - 11/05/11

11 May 2011

IBFed has responded to an IFRS Monitoring Board Consultative Report on its Review of the governance of the IASB.  In the response to the IFRS Foundation, IBFed commented on the importance of the governance framework to ensure that the IASB’s standards meet broader policy imperatives and to ensure that due process is appropriately designed and followed in practice.  Also, IBFed underlined the need for the conclusions of the Monitoring Board review to be consistent with the Trustees strategic review and vice versa.