Overall approach (Agenda Paper 24)

As part of the 2020 Agenda Consultation, the Board is planning to publish a Request for Information (RFI). The staff anticipate the following timetable:

• October 2019 – September 2020: Developing the RFI
• September 2020: Publish the RFI
• January 2021: RFI comment deadline
• Q1 2021 – Q3 2021: Board discussions to deliberate feedback and develop work plan and feedback statement
• Q4 2021: Issue work plan and feedback statement

Approach to existing projects and other commitments (Agenda Paper 24A)

The purpose of this paper is to present the staff’s proposed approach to seeking feedback on the Board’s existing projects and other commitments in the RFI.

The Board currently has the following projects in its research pipeline:

• Equity Method
• High Inflation: Scope of IAS 29
• Pollutant Pricing Mechanisms
• Variable and Contingent Consideration.

In addition, the Board decided after the last Agenda Consultation to carry out a Post-implementation review (PIR) of IFRS 5.

The Board expects to start work on the Equity Method in the next few months because there is some overlap with some of the issues that could be considered in the PIR of IFRS 11. The staff think the RFI should ask stakeholders to comment on and, if necessary, re-prioritise the other research pipeline projects and the PIR of IFRS 5.

The Board has previously considered a potential research project on commodity transactions. The staff recommend that the Board refer to a project on commodity transactions in the RFI for stakeholders to comment on.

The staff ask the Board whether they agree with this approach.

Summary of outreach conducted prior to publishing the Request for Information (Agenda Paper 24B)

This paper summarises the outreach undertaken to develop the list of potential projects to be described in the RFI and the messages heard. In this paper, the staff ask whether Board members have:

• any comments or questions on the outreach performed;
• any comments or advice on how the feedback received during the outreach should be reflected in the RFI;
• any comments or questions on the list of potential projects to be described in the RFI; and
• any comments on the content and level of detail included in the example potential project description in the agenda paper.