Working Relationships between IASB and Standard-Setters

Early in 2006, the International Accounting Standards Board issued a Statement of Best Practice: Working Relationships between the IASB and other Accounting Standard-Setters. The Statement is particularly relevant to standard-setters in jurisdictions that have adopted or converged with IFRS, or are in the process of doing so. It identifies a range of activities that should be undertaken. Some are new or different from the way in which the IASB and other accounting standard-setters have operated in the past. Others are a confirmation of practices that are already being undertaken.