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May 24, 2010

IASB seeks respondents to questionnaire

The International Accounting Standards Board (IASB) UK have released a questionnaire in addition to their usual exposure draft.

The questionnaire, available since 24 May, is intended to solicit input on the proposals in the exposure draft on the fair value option (FVO).

Targeted at analysts, the questionnaire’s objective is to contribute to a comprehensive programme of outreach activities to all International Financial Reporting Standards (IFRS) constituents.

IASB’s director of corporate communications Mark Byatt said: “Typically the user community does not write comment letters. This survey is an easy way for users to respond to us and in addition we have asked questions that are relevant to their role rather than broader accounting questions.”

This is not the first questionnaire undertaken by the organisation. The first user survey was in December 2009 and was used to get feedback on own credit.

In addition, the IASB is also encouraging all parties to submit a comment letter to the exposure draft by 16 July, the deadline date for the questionnaire.  

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