In July 2011, the International Accounting Standards Board (IASB) issued a Request for Views, “Agenda Consultation 2011.” This paper seeks input on the IASB’s future work plan and the areas of financial reporting it proposes to give priority to over the next three years. The comment deadline is November 30, 2011.
An important part of balancing the future work plan is to understand the financial reporting needs and challenges of stakeholders. As such, Canada’s Accounting Standards Board (AcSB) encourages all Canadian stakeholders to review the Request for Views and submit comments directly to the IASB. Your views will help shape the IASB’s future agenda.
The AcSB will be responding to the IASB, as well, and is seeking the views of Canadian stakeholders to develop an informed response. The AcSB has organized a program of public consultations between mid-October and early November 2011 to help form its response, including conference calls and roundtables in Vancouver, Calgary, Toronto and Montreal. More information on the IASB Agenda Consultation, and the related roundtables and conference calls, is available online.
(For an update on recent activities of Canada's Accounting Standards Board, see the FYI Newsletter October 2011.)
