On 2 November 2016 the International Accounting Standards Board published IASB® Work Plan 2017-2021 (Feedback Statement on the 2015 Agenda Consultation) on its Agenda Consultation and its five-year plan. The Board confirmed that a central theme for its activities until 2021 will be Better Communication in financial statements.
Other focus areas for the five-year period are:
- completing large projects–finalising the new insurance contracts Standard and the revision of the Conceptual Framework, both of which are expected to be issued in 2017;
- supporting consistent application–continuing to develop support, including online support, for stakeholders' implementation of new IFRS Standards, and maintaining existing Standards effectively through the IFRS Interpretations Committee and post-implementation reviews; and
- focusing the research programme–reducing the number of research projects to enable stakeholders to engage in the Board's work more fully and to ensure timely completion.