comment letter GASB deliberative process 130504

Deutsches Rechnungslegungs Standards ® German Accounting Standards Committee e. V. Der Standardisierungsrat Telefon +49 30 206412-12 DRSC • Charlottenstr. 59 • 10117 Berlin Telefax +49 30 206412-15 Ms Andrea Pryde E-Mail info@drsc.de IASB 30 Cannon Street Berlin, 13. Mai 2004 London EC4M 6XH United Kingdom Strengthening the IASB’s deliberative processes Dear Ms Pryde The German Accounting Standards Board (GASB) appreciates this opportunity to comment on proposed revisions to the IASB’s deliberative processes. As acknowledged by Sir David Tweedie in the accompanying press release, a body setting international standards needs to involve the global audience in its deliberations. The due process as described in the Preface to International Financial Reporting Standards leaves some discretion as to certain steps being taken up or not. The balance between timely deci-sion-making and involvement of interested parties seems to have been tipped more to fast decision making than taking everybody on board. GASB views the consultation process as provided in the Preface as adequate if IASB uses the full process for projects of more com-plex nature and greater change from wide spread current practice; this will facilitate taking constituencies on board that have moved to IAS recently or plan to do so in the near future. Access to IASB discussions • Posting observer notes on the website in advance of meetings ...