When adding an item to its active agenda, the IASB also decides whether to:
- conduct the project alone, or
- jointly with another standard-setter.
Similar due process is followed under both approaches.
After considering the nature of the issues and the level of interest among constituents, the IASB may establish a working group at this stage.
A team is selected for the project by the two most senior members of the technical staff:
- The Director of Technical Activities; and
- The Director of Research.
The project manager draws up a project plan under the supervision of those Directors. The team may also include members of staff from other accounting standard-setters, as deemed appropriate by the IASB.