Third Agenda Consultation – International Accounting Standards Board

Date recorded:

At its meeting on April 25-28, 2022, the IASB met to (i) decide which new projects to add to its work plan for 2022 to 2026; and (ii) discuss due process comments made by respondents to the RFI.

The IASB also received an update on some national standard-setters’ strategic consultations. At its March 2022 meeting, the IASB shortlisted seven projects for discussion at a future meeting. At its April 2022 meeting, the IASB considered further those shortlisted projects and decided: (a) to add to its work plan a maintenance and consistent application project on climate-related risks; (b) to add to the research pipeline projects on: intangible assets. and the statement of cash flows and related matters; (c) to create a reserve list of projects that could be added to the work plan only if additional capacity becomes available; (d) to add to the reserve list projects on: operating segments, and pollutant-pricing mechanisms; and (e) not to add to its work plan projects on: cryptocurrencies and related transactions, and going concern disclosures. The IASB discussed due process comments made by respondents to the RFI. The IASB was not asked to make any decisions. The respondents’ comments and the staff’s observations will be communicated to the Due Process Oversight Committee of the IFRS Foundation Trustees. The IASB will publish a Feedback Statement summarizing feedback on the RFI and the IASB’s activities and work plan for 2022 to 2026.

Review the IASB Update and podcast on the Board's Web site.

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