ACCA FR Syllabus A. The Conceptual And Regulatory Framework - National standard setters and the IASB - Notes 5 / 6
The IASB works in partnership with the major national standard-setting bodies:
They do this by:
Co-ordinating each others work plans
Review each others standards
National standard setters can issue IASB discussion papers and exposure draft for comments in their own countries
National standard setters may include more guidance in their exposure drafts on relevant issues to them