IASB Wants Feedback on Strategic Plans

The International Accounting Standards Board (IASB) is seeking feedback on the strategic direction and overall balance of its future work programme.

The regulator has published a consultation document which invites views on its future plans, and in particular, on how it should balance the development of financial reporting with the maintenance of International Financial Reporting Standards (IFRS). It also wants input into which areas of financial reporting should be given the highest priority for further improvement.

Hans Hoogervorst, chairman of the IASB, said: ‘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.’

The consultation period on the future work programme of the IASB closes on 30 November 2011. There will be an interactive webcast on the topic on 3 August 2011 and the Agenda Consultation 2011—Request for views document is available at go.ifrs.org/agenda+consultation+2011+CLs