After an IFRS is issued, the staff and the IASB members hold regular meetings with interested parties, including other standard-setting bodies, to help understand unanticipated issues related to the practical implementation and potential impact of its proposals.
The IFRS Foundation also fosters educational activities to ensure consistency in the application of IFRSs.
After a suitable time, the IASB may consider initiating studies in the light of:
- its review of the IFRS’s application,
- changes in the financial reporting environment and regulatory requirements, and
- comments by the IFRS Advisory Council, the IFRS Interpretations Committee, standard-setters and constituents about the quality of the IFRS.
Those studies may result in items being added to the IASB’s agenda.