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IFRS in Focus — IASB issues request for views seeking input on transition and effective dates for certain IASB projects

Published on: Nov 05, 2010

The IASB issued a Request for Views (RV) that seeks input on the implementation of the new IFRSs expected to be issued next year and the effective dates of those IFRSs.

The IASB’s full agenda and the timing of the issue of final IFRSs have received much attention recently. Preparers have voiced concerns about the vast resources that would be needed to implement such a large number of new standards in potentially a short period. In response, the IASB recently modified their work plan to prioritize certain projects and extend the timeline for others. The IASB is now focusing on implementation requirements and effective dates of their future standards through the RV.

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