This chapter has looked at how the IASB conducts its standard-setting business, and in particular how it consults widely with constituents as it formulates new standards. The analysis addresses how the individual can interact in the process, and how one can positively lobby the standard-setter. The chapter also includes details of support publications that will help the lobbyist!

1 I was amused when observing a meeting between the IASB and EFRAG to hear Sir David Tweedie use a similar argument about US adoption of IFRS. He said in effect worldwide convergence would come to an end if the US did not adopt. He presumably was not conscious of the parallel.

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