The staff presented a paper summarising the 13 active projects, 7 research projects, and other projects being discussed by the IASB. The Board noted that it and the staff are currently over-stretched and that no items should be added to the active agenda until some are taken off. This may mean that certain research projects being conducted by partner standard setters may have to be delayed until the Board and staff have sufficient time and other resources to devote to them.

The staff noted that it may implement a process by which projects on the agenda can be reviewed to determine whether they should remain on the active agenda. While it would be rare that an item actually be removed, the staff believes this will provide it and the Board some added discipline. The staff noted that there were no projects on the current agenda it intends to consider for removal at this time.