This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Second IASB agenda consultation to be launched on 30 July

  • IASB (International Accounting Standards Board) (blue) Image

02 Jun 2015

Among the papers for the upcoming meeting of the IFRS Advisory Council is a paper offering a revised timetable for the Agenda consultation 2015. The paper notes that a request for views will be issued on 30 July 2015 with comments requested by 30 November 2015.

Originally, the IASB had intended to launch its second agenda consultation in December 2015. However, the paper argues that:

  • the 2011-12 agenda consultation process had been the first of its kind; the second consultation will profit from the lessons learnt;
  • as a result of the 2011-12 agenda consultation, the IASB's current agenda is very full and the IASB's ability to consult is constrained by the current commitments in its work programme;
  • the Trustees of the IFRS Foundation intend to review the IASB’s structure and effectiveness through public consultation in the third quarter of 2015 and the IASB believes that the agenda consultation process should be closely aligned with that as there are questions that interlink the two consultations.

Therefore, the IASB has concluded that it can - and should - launch the agenda consultation by publishing a request for views on 30 July 2015. During the comment period, the IASB intends to conduct further outreach. The IASB will discuss all feedback received at its January 2016 meeting and intends to publish a feedback statement on 29 February 2016. The time period expected to be affected by the results of the consultation would be the IASB work programme from mid-2016 to mid-2020.

Please click to access the agenda paper for the IFRS Advisory Council meeting on the IASB website. It also offers a draft of the request for views to be published in July.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.