The consultation particularly seeks views on:

• The level of research activities in relation to corporate reporting that the FRC should undertake. The consultation asks at what level the FRC should undertake activities in this area; maintain research at the current level or alternatively increase or decrease the level of work in this area.
• Potential projects that might be undertaken in the future with the aim of influencing the International Accounting Standards Board (IASB). The consultation highlights four potential projects and asks which, if any, the FRC should undertake and whether there are any other projects that stakeholders think that the FRC should undertake with a view to influencing the IASB:
  • variable and contingent consideration;
  • defined benefit pension schemes;
  • non-exchange transactions; and
  • intangible assets.
• Whether the FRC should undertake further research:
  • to assess how corporate communications as a whole might better serve the needs of investors; and
  • to develop proposals on how corporate reporting might serve the needs of stakeholders other than investors.
• Any other aspects of the FRC’s work on corporate reporting where stakeholders might wish to comment on. 

Comments are requested until 30 March 2017. 

The full consultation is available on the FRC website.