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 is to identify the most common areas of complexity and their main causes. To achieve this, the project has 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 on 19 November 2015. This paper will help the IASB to consider whether it should do more on this subject after the 2015 Agenda Consultation.