Through the agenda consultation the IASB is seeking the input from all interested parties on the strategic direction and the broad overall balance of the work plan. The agenda consultation will provide the Board with important input when considering possible agenda items
Since the creation of the IASB in 2001, IFRSs have increasingly become the internationally accepted financial reporting language around the world. As the number of jurisdictions applying IFRSs increases, stakeholders have identified new accounting issues for consideration by the IASB.
The IASB's agenda consultation document asks deliberately open questions to gather the input on the IASB's future work programme from all those involved in or affected by financial reporting. In particular, the IASB is seeking input on how it should balance the development of financial reporting with the maintenance of IFRSs and - considering time and resource constraints - what are the areas of financial reporting that should be given the highest priority for further improvement.
Hans Hoogervorst, Chairman of the IASB, wrote an open letter calling for feedback on the IASB's work programme.
The letter has been translated in a number of languages; to read it, click on your language below:
The deadline for comments was 30 November 2011.