Letter from Hans Hoogervorst on the agenda consultation
26 July 2011
This first formal agenda consultation comes at an important point in time. After a decade of work, IFRSs have become the undisputed international financial reporting language. As the IFRS community continues to grow, it is also becoming more diverse; financial markets are gaining in complexity and new aspects of financial reporting such as electronic filing are becoming more important.
I see this agenda consultation as a great opportunity to discuss ‘what next?’ openly with all those interested in and affected by financial reporting. What do you think should be our broad strategic direction in setting our work plan and to which projects and areas of financial reporting should we give priority when allocating the limited time and resources available?
Understanding your priorities and needs will help us to create a work plan that reflects the diverse needs of our global stakeholder base. In the past ten years, preparers and users of financial statements have already had to deal with a great number of changes and we are aware that many may want a stable platform before further substantial projects are undertaken.
This agenda consultation asks deliberately open-ended questions in order to seek broad input. I urge all those that are directly and indirectly affected by financial reporting to get involved.
Your comments will contribute to shaping financial reporting for the future and help us to build on what has been a decade of remarkable success.
Yours faithfully,
Hans Hoogervorst