FYI Article – IASB 2015 Agenda Consultation: Help the AcSB Shape the Future of IFRSs

November 2015

You have an opportunity to help influence the priorities of the International Accounting Standards Board’s (IASB) work plan!

The Accounting Standards Board (AcSB) wants you to provide your feedback on the International Accounting Standards Board’s (IASB) Request for Views on its 2015 agenda consultation.

The AcSB’s Invitation to Comment, “IASB 2015 Agenda Consultation,” aims to get Canadians’ feedback to help the Board prepare its own response to the IASB. 

Purpose of This Consultation

The IASB issued its Request for Views to determine whether it has identified the most pressing areas for improving International Financial Reporting Standards (IFRSs) over the next three to five years.

The IASB’s Request for Views includes possible topics for research projects, standard-setting projects and maintenance and implementation projects, the work plan for these activities and the approach the IASB is taking to standard setting.

Provide Your Views to the AcSB

Comments on the AcSB’s Invitation to Comment are due by November 23, 2015. This timing will ensure that Canadian stakeholder feedback be considered by the AcSB in preparing its response to the IASB.  

The AcSB is interested in hearing from you on whether the IASB has:

  • identified the right projects; and
  • created a balance between fundamental improvements to IFRSs versus fine-tuning the standards to keep them fit for purpose.

Additional Information

If you wish to provide your comments directly to the IASB’s Request for Views, “2015 Agenda Consultation,” responses are due by December 31, 2015.

Also see the IASB project page, which includes a survey for investors and analysts to fill out to help the IASB better understand their priorities in respect to financial reporting.

Contact         

Katharine Christopoulos, CPA, CA, CPA (Illinois)
Principal, Accounting Standards Board
Phone: +1 (416) 204-3270
Email: kchristopoulos@cpacanada.ca