Agenda consultation 2011
Background
In February 2010 the Trustees of the IFRS Foundation, the IASB's oversight body, announced enhancements to their governance arrangements, including the decision to undertake a three-yearly public consultation on the IASB's future technical agenda, in addition to consulting the Trustees and the IFRS Advisory Council annually on the existing and future agenda.
On 20 June 2011, the IASB formally announced that it would be undertaking for the first time a public agenda consultation on its future work plan.
The primary focus of the consultation is a 'Request for Views' document which will consider the agenda from two perspectives: (1) the overall strategic direction and balance of the agenda, and (2) understanding the financial reporting needs of stakeholders and how these might be balanced with constraining factors such as stakeholder and IASB resource capacity and the IASB's existing priorities.
Current status of the project
The IASB published its Request for Views on its agenda consultation on 26 July 2011. The IASB expects to develop its strategy during the second hald of 2012, after roundtables in the first quarter of 2012 and the publication of a 'Feedback Statement' in the second quarter of 2012.
Project milestones
| Date | Development | Comments |
|---|---|---|
| February 2010 | IASCF Trustees Constitution Review introduces three-yearly consultation process | |
| 20 June 2011 | IASB formally announces public consultation process | |
| 26 July 2011 | Request for Views Agenda Consultation 2011 published | Comment deadline 30 November 2011 |
