During the 2011 Agenda Consultation, many respondents commented on the Standard’s complexity. It has also attracted a large number of interpretation requests.
The objective of the project was to identify the most common areas of complexity and their main causes. To achieve this, the project identified and explored main application issues that arise in practice.
The initial output of the Research Project is the staff paper presented to the IASB in November 2015. In May 2016 the IASB considered the findings of the research and the feedback from constituents. The IASB decided not to perform further research on this project.