On 26 July 2011 the IASB launched its first formal public agenda consultation on its future work plan. Comments were requested by 30 November 2011. On 18 December 2012 the IASB concluded its consultation and published a feedback statement that maps out its future priorities.
The Trustees of the IFRS Foundation introduced the requirement of a three-yearly public consultation on the IASB’s technical agenda in February 2010 in response to comments received on its second Constitution Review. The agenda consultation provides a formal channel to seek public input on the broad strategic direction, balance and shape of the IASB’s work plan complementing the IASB’s regular consultation with the Trustees and the IFRS Advisory Council on that matter.