The IASB issued the Agenda Consultation to help ensure that its priorities are consistent with the needs of users of financial statements, as they improve and enhance financial reporting standards for the world economy. This is the second time the IASB is providing this opportunity. The first Agenda Consultation was conducted in 2011, which provided valuable input that helped guide their agenda over the past few years.
The IASB’s current work plan is broken down into three distinct categories:
In addition to its Agenda Consultation, the IASB is also seeking input on the structure and effectiveness of the IFRS Foundation, including the IASB. Anyone interested in commenting on the 2015 Agenda Consultation, can obtain the document at www.ifrs.org. Comments are due by December 31, 2015.
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To ensure compliance with U.S. Treasury rules, unless expressly stated otherwise, any U.S. tax advice contained in this communication is not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.