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July 25, 2011

IASB launches work programme consultation

The International Accounting Standards Board (IASB) has launched a public consultation on the strategic direction and overall balance of its future work programme.

The IASB is seeking feedback on how it should balance the development of financial reporting with the maintenance of IFRSs and, with consideration of time and resource constraints, the areas of financial reporting that should be given the highest priority for further improvement.

“Up until now, the agenda of the IASB has largely been determined by the need to support a first wave of jurisdictions adopting IFRSs and the completion of our programme to improve IFRSs and align them with US GAAP. With this work largely completed, our attention can now turn to new issues that may require our attention. We seek your views to get the balance and the direction of our future work plan right,” IASB chairman Hans Hoogervorst said.

Deadline to comment is 30 November.

The IASB will also hold an interactive webcast on the agenda consultation on 3 August.

 

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